For Sale
$599,000

2206 44Th Ave Homestead, IA 52236

Historic Hotel, Turn-Key Business

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional commercial opportunity presents a fully operational, 15-suite bed and breakfast hotel in the heart of the Amana Colonies, Iowa. The 54,886 square foot, two-story building, constructed in 1856, sits on a 1.26-acre lot and is zoned R-1. Currently operating as a successful business, it offers a unique blend of historical charm and modern commercial potential. Each suite includes an en-suite bathroom, providing comfort and privacy for guests. The property boasts a proven track record of attracting visitors, offering a strong foundation for continued operation as a bed and breakfast, expansion, or transformation into a different venture. Located minutes from Iowa City and Cedar Rapids, this property benefits from the bustling tourist activity of the Amana Colonies. With a 12.40% cap rate and an asking price of $599,000, this is a compelling investment opportunity for entrepreneurs and investors seeking a turn-key business in a desirable location. The property's rich history and prime location within the Amana Colonies provide a unique opportunity to capitalize on the area's vibrant tourism and heritage. This is a rare chance to acquire a well-established business with significant untapped potential.

Highlights

  • $599,000 asking price for a 54,886 square foot hotel.
  • Multi-tenant hospitality property with a 12.40% cap rate.
  • Two-story, 15-suite hotel built in 1856, located on a 1.26-acre lot in Homestead, IA.
  • R-1 zoning.

Property Details for 2206 44Th Ave

Property type
Specialty properties, Retirement homes
Square Feet
54,886 SF
Year Built
1856
Stories
2
Lot Size (sq. ft)
54,886 SF

Location Insight

City
Homestead
County
Iowa
State
Iowa
Latitude
41.7597453
Longitude
-91.8702131

FAQs

What type of property is this?
Specialty property - Historic Hotel, Turn-Key Business
Where is the specialty property located?
The property is located at 2206 44Th Ave Homestead, IA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: $599,000 asking price for a 54,886 square foot hotel.; Multi-tenant hospitality property with a 12.40% cap rate.; Two-story, 15-suite hotel built in 1856, located on a 1.26-acre lot in Homestead, IA.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2206 44Th Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message