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Beautiful well maintained twenty rooms Cresco motel located on NE side of Iowa on Iowa Highway 9 in town of Cresco, IA. Current owner has been owning for last ten years and decide to retire. Wood exterior of building is well maintained and recently new cement side was added. Room revenue is consistence for last several years and potential to increase the room revenue for an aggressive new family operated owner. Modern living quarters has four bedrooms with one and a half bath equipped with kitchen. Cresco motel is well priced at $380,000, 2.4 times the room revenue with attractive cash flow. Current bank is willing to finance to a new qualified owner.

Presented By

Ashok Parikh

Cell Phone 319-431-1372

Contact Me

Property

Subtype
Business
Area
OT-E (East of I-380)
Lot Size
1.19 Acre
Acres
1.19
Year Built
1958
County
Howard
Zoning
Comm
Gross Tax
$4822
Traffic Count
1001-5000

Building

Total SqFt
6,847

Ceiling Height
  • 7ft-10ft

Floor
  • Carpet

Utilities

Heating/Cooling
  • Electricity Heat
  • Window/Wall Air

Utilities
  • Electric
  • Gas

Power Available
  • 220 Volt

Terms

Terms
  • Cash

Lease Terms

Owner Pays
  • Re Tax
  • Insurance
  • Improvment
  • Janitorial
  • Heating
  • Water
  • Electricity
  • Trash Collection

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Listing Agent: Ashok Parikh | Office: Skogman Realty Commercial | Data courtesy of Cedar Rapids Association of Realtors MLS