Well-maintained, family-owned 29-room independent motel located along heavily traveled Lincoln Way in Clinton, Iowa. Property includes a spacious 3-bedroom manager's apartment with full kitchen and living area. Stable year-round demand supported by multiple major area employers. Significant buyer advantage with an assumable SBA loan (subject to SBA approval) featuring approximately $480,000 remaining, 28 years amortization, and a fixed 3.75 interest rate. Recent improvements include new curtains and valances (2023), updated hardwood flooring in all ground-floor guest rooms (2023), refinished bathtubs (2024), and a new commercial-grade water heater (2026). Guest amenities include complimentary fiber Wi-Fi, a covered gazebo with grill, and an on-site dog run/garden. No franchise fees. Excellent opportunity for an owner-operator or hands-on investor with additional upside through management, marketing, and light property updates.
| MLS # | 12697602 |
|---|---|
| Listing Type | For Sale |
| Style | Bus / Bus W/real Est |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 92 |
| Listing Provided By | Hawkeye Commercial Real Estate | Max Gellerman |
| SQ Feet | 7,584 |
|---|---|
| Story(s) | 2 |
| Acreage | 1.69 |
| Cooling | Wall Sleeve |
|---|
| Roof | Composition |
|---|---|
| Construction Materials | Concrete |
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 13590 |
| State | IA |
|---|---|
| County | Clinton |
| City | Clinton |
| Zip Code | 52732 |
| Area | Iowa Clinton |
| Listing VS Median (in 52732) | |
Price: $925,000 low | high Med: $141,450 sqft: 7,584 low | high Med: 2,372 $ / sqft: $122 low | high Med: $61 On site: 92 low | high Med: 87 | |
| State | IA |
|---|---|
| County | Clinton |
| City | Clinton |
| Zip Code | 52732 |
| Area | Iowa Clinton |
| Listing VS Median (in 52732) | |
Price: $925,000 low | high Med: $141,450 sqft: 7,584 low | high Med: 2,372 $ / sqft: $122 low | high Med: $61 On site: 92 low | high Med: 87 | |