2206 44Th AveHomestead, IA 52236

Property Details for 2206 44Th Ave

Year built

1950

Lot size

1.26 AC

Property size (Sq ft)

10,361 SF

Property type

Hotels

Property subtype

Motels

APN

0850-0614-0

APU

85006140

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,937,203

  6.5%

  $1,788,188

  7%

  $1,660,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,242,740

  Geo Method

  $1,242,740

• Alternative Use

  Use

  Valuation

  Residential

  $1,952,181

  Hospitality

  $1,788,188

  Educational

  $1,487,751

  Medical

  $1,538,917

  Retail

  $2,314,280

Location Insight

City

Homestead

County

Iowa

State

Iowa

Latitude

41.7595

Longitude

-91.8702

Property Tax & Assessments

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