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60-Unit Hotel with Event Space

1201 Hawkeye Ave. SW Le Mars, IA 51031

1201 Hawkeye Ave. SW, Le Mars, IA, 51031
$1,399,999
For Sale
$1,399,999

COMMERCIAL - LeMars, IA

Lot Size2.30 Acres
Days on Market140

Property Features for 1201 Hawkeye Ave. SW

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Standard status
Active
APN
1217376004
Lot size
2.30 Acres

Taxes and HOA fees

Tax Year
2025
Tax Description
PT SE 1/4 SW 1/4 17-92-45 2.4 AC CITY LANDS LEMARS
Tax Annual Amount
26616

Building Details

Year built
1989
Roof type
Shingle
Listing agency 1st Choice Realty
Listed by Lisa Pageler · License #B30185
Added: Mar 5 Updated: Jul 22 at 4:32AM Checked: Jul 23 at 5:06AM
MLS# 832037

Copyright © 2026 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This for-sale hotel offers 60 rooms distributed across three floors with interior corridors. The room mix includes two deluxe suites, four standard suites, 10 standard rooms with king beds, 43 rooms with two double beds, one standard suite queen-bed ADA room, and additional ADA accommodations. The sale includes all fixtures, furniture, and equipment, with each room having PTAC units and newer carpet. Common amenities include complimentary breakfast in the dining area, security cameras, and an on-site coin-operated laundry and vending. An on-site area currently used for storage was previously set up as an exercise room.

The property also includes an attached event room of approximately 1,800 SF with several stools, chairs, tables, and a hotdog roller, along with a dedicated bathroom, water heater, and electrical panel. The site provides 64 marked parking spaces, plus a large gravel area suitable for truck or trailer parking. Roof shingles were replaced on the main building in 2016, with several updates completed in 2017.

The hotel is located in a high-traffic area of LeMars by a stop light, within walking distance of multiple retail and dining options including 4 Brothers Restaurant, Hy-Vee, Wal-Mart Super Store, and Dollar Tree. The listing notes proximity to several local attractions and the Floyd Valley Health Care and Clinic, with the city airport less than half a mile.

Key Highlights

  • 60‑room hotel built in 1989 with interior corridors across 3 floors
  • Room mix includes 2 deluxe suites, 4 standard suites, 43 two‑double beds, 10 standard room king beds, and 1 ADA standard suite queen
  • Included in the sale: fixtures, furniture, and equipment; each room has a PTAC unit and newer carpet

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Le Mars Inn ... Hotel & Motel

Suggested Use

Real Estate Agency Building Supply Law Firm HVAC Service Skin Care Clinic Big Box & Wholesale Store Garden Center Electrical Service Kitchen & Bath Showroom Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Hotel - Three-floor hotel with 60 rooms, interior corridors, and an attached 1,800 SF event room with private bathroom and utilities.
Where is this hotel located?
The property is located at 1201 Hawkeye Ave. SW Le Mars, IA.
What is the asking price?
The asking price for this property is $1,399,999.
What are key features of this property?
This property features: 60‑room hotel built in 1989 with interior corridors across 3 floors; Room mix includes 2 deluxe suites, 4 standard suites, 43 two‑double beds, 10 standard room king beds, and 1 ADA standard suite queen; Included in the sale: fixtures, furniture, and equipment; each room has a PTAC unit and newer carpet
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