Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1530 Main Street Osage, IA 50461

    View on Map
    For Sale
    $957,500

    SINGLE_FAMILY - Osage, IA

    Type:Retail
    Lot size:
    1.22 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    9
    Last Refresh:
    Apr 1 at 5:06 pm

    Property Features for 1530 Main Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    Commercial
    Standard status
    Active
    APN
    1025226024
    Lot size
    1.22 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    Mitchell County, Iowa PIN's 1025226024 and 1025226026
    TaxAnnualAmount
    30088

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Forced Air, Natural Gas
    Cooling system
    Central Air, Multi Units

    Building Details

    Year built
    2000
    Flooring type
    Concrete
    Building materials
    Frame
    Roof type
    Composition

    We can help!

    Listing Contact
    Kevin Kolbet

    Listing agent Kevin Kolbet License #B01509

    Listing office Kolbet Realtors P.O. Box 245 1429 Main Street, Osage, IA

    Listing date Mar 24, 2026

    MLS# 20261162

    Copyright © 2026 Northeast 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.

    Overview

    34-Unit Hotel in Osage, IA

    This 34-unit hotel is located at the east entrance to Osage, the county seat of Mitchell County, Iowa. The property is situated along U.S. Highway 218, Iowa Highway 9, and Main Street, which share the highest traffic count in the area. The property includes a manager's apartment and a separate double garage. Guest amenities include a business center, guest laundry, daily housekeeping, and a 24-hour front desk. The property provides parking for buses, trailers, RVs, and trucks. The sale includes all fixtures, equipment, and furnishings. The property is zoned commercial and sits on a 1.216-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Super 8 by Wyndham Osage — 1530 E, 1530 Main St, Osage, IA 50461
    • Cedar River Complex Events Center — 1006 Chestnut St, Osage, IA 50461
    • Cedar Valley Seminary — 200 N 7th St, Osage, IA 50461
    • AmericInn by Wyndham Osage — 2212 US-218, Osage, IA 50461

    Location Insight

    • Map
    • Local Demand
    City
    Osage
    County
    Mitchell
    State
    Iowa
    Longitude
    -92.795728
    Latitude
    43.283677

    Nearby Similar for Sale

    • $1,640,000

      Poultry Barns on 7.95 Acres

      Two operational poultry barns suitable for commercial production or other uses.
      3240 Kirkwood Ave, Osage, IA 50461
      View Details
    • $324,900
      5,148 SF

      Turnkey Diner with Living Space

      Established diner with updated dining area and two-bedroom apartment.
      721 Main, OSAGE, IA 50461
      View Details
    • $250,000

      Floral and Gift Storefront

      Established floral and gift store with renovated apartment.
      530 Main Street, Osage, IA 50461
      View Details
    • $300,000
      10,960 SF

      Bowling Alley, Restaurant, and Apartment

      Established bowling alley, restaurant/bar, and apartment for sale.
      3689 Highway 218, Osage, IA 50461
      View Details
    • $600,000

      Osage Fourplex Investment Opportunity

      Well-designed fourplex in Osage, fully occupied with expansion potential.
      207 S 1st Street, Osage, IA 50461
      View Details

    FAQs

    What type of property is this?
    Motel - 34-unit hotel with amenities on a 1.216-acre lot.
    Where is this motel located?
    The property is located at 1530 Main Street Osage, IA.
    What is the asking price?
    The asking price for this property is $957,500.
    What are key features of this property?
    This property features: 34‑unit hotel in Osage, IA with a high traffic count location.; Includes manager's apartment and separate double garage.; Amenities include a business center, guest laundry, daily housekeeping, and 24‑hour front desk.
    (641) 732-3337
    We can help!
    Listing Contact
    Kevin Kolbet
    Real Estate License ID: B01509
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!