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Key Details
Sold Price $450,000
Property Type Commercial
Sub Type COMMERCIAL
Listing Status Sold
Purchase Type For Sale
Square Footage 5,145 sqft
Price per Sqft $87
MLS Listing ID 146069
Sold Date 06/30/23
Year Built 1880
Property Sub-Type COMMERCIAL
Property Description
Spectacular and historical hotel with main level restaurant, 17+ hotel rooms & lower-level full-service bar. The current owners of this building are offering a turnkey business opportunity to a historical landmark that has been put back on the map! This 1880's iconic building offers a fully functioning 17 room hotel, not including the managers apartment. A full-service kitchen and dining area are almost a separate business boasting party events, a meeting facility or catering location. The lower-level pub area has seen a full facelift to include modern bar design, new lighting, granite bar top, updated bathrooms and more - creating the destination feel so many are after. Although this building and business have seen many updates, the richness of this lustrous building and its features have been maintained. This includes historic furnishings, magnificent doors and woodwork and wallpaper to period. There are currently long-term tenants in 2 of the rooms, bookings into the 2023 calendar year and positive returns. A huge opportunity.
Location
State IA
County Jackson
Area South
Interior
Heating Forced Air
Cooling Central Air
Flooring Concrete, Wood
Exterior
Roof Type Flat
Others
Acceptable Financing Cash, Contract
Listing Terms Cash, Contract
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