1201 Hawkeye Ave SW Le Mars, IA 51031

This commercial property is a 60-unit hotel featuring interior corridors. The unit mix includes two deluxe suites, four standard suites, ten standard rooms with king beds, forty-three rooms with two double beds, and one standard suite with a queen bed that is ADA compliant. The sale includes all fixtures, furniture, and equipment. Newer carpet has been installed. The property is located in a high-traffic area in LeMars, Iowa, at the corner of 12th Street and Highway 75, at a stop light. The rooms are spread across three floors. A complimentary breakfast is offered in the dining area. On-site amenities include coin-operated laundry and vending machines. There is an area available for an exercise room, currently used for storage. An attached 1800-square-foot event room has potential and includes stools, chairs, and tables. It features a bathroom, cooking equipment including a hot dog roller, and its own water heater and electrical panel. The site has 64 marked parking spots and a large gravel area for trucks, trailers, and larger vehicles. The shingles on the main building were replaced in 2016, and several updates were completed in 2017. The property is within walking distance of 4 Brothers Restaurant, Hy-Vee (convenience store, grocery, and deli), Wal-Mart Super Store, Maurices, and Dollar Tree. Downtown LeMars features an ice cream parlor, alley art, shops, Brown's Event Center, and dining options along Highway 75. The property sits on a 2.3-acre lot.