Building Details

Year Built 1969

Stories 2

Units 34

Listing Agency: Thomas Realty r***@yahoo.com Show Phone

Listed By: Charles Thomas · License #IO B4146700

Source: Crexi

Added: Jun 10 Changed: Aug 10 Last Checked: Aug 10 at 3:26AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Thomas Realty

Investment Insights

Based on property information with market context.

The Budget Inn is a 34-unit motel presented in excellent condition, with guest accommodations designed for comfort and equipped with essential amenities. The property is described as operationally ready, and the sale includes furnishings, equipment, and systems intended to support efficient day-to-day operation.

The motel is located just off Exit 75 of Interstate 80, benefiting from visibility and straightforward accessibility for travelers. The surrounding area is described as active with businesses, restaurants, and services that serve both visitors and local demand.

For buyers seeking a hospitality property with turn-key components, this offering is positioned as a straightforward entry point since the included furnishings and equipment are intended to reduce the need for immediate major renovations. The current presentation also points to potential value through marketing improvements and potential partnerships with nearby businesses, though any buyer should independently verify all details and opportunities during due diligence.

Key Highlights

• 34‑unit motel built in 1969
• Convenient location just off Exit 75 of Interstate 80 for strong traveler access
• Offered in excellent condition with an operational‑ready setup

Property Analytics

Property Profile

Current Use

Adair Budget Inn Hotel & Motel

Suggested Use

Top Pick Building Supply Storage Facility Pharmacy Butcher Real Estate Agency Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

34

Residential units

Turnkey business

Opportunity

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

144

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 50002, IA

1,274

Population

690

Households

1.8

Avg Household Size

44

Median Age

21%

College-Educated

98%

High-School Grad

110.6 sq mi

ZIP Area

12

Density / Sq Mi

$82,250

Median Household Income

$47,984

Median Earnings

$852

Median Rent

$190,300

Median Home Value

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What type of property is this? Where is this motels located? What is the asking price? Find similar properties ... What are key features of this property?

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Similar Off Market Nearby

• Super 8 by Wyndham Adair IA — 111 S, 111 5th St, Adair, IA 50002
• Adair Budget Inn — 100 5th St, Adair, IA 50002
• Relax Inn and Suites — 111 5th St, Adair, IA 50002

Frequently Asked Questions

What type of property is this?

Motel - 34 well-maintained motel units offered with furnishings and equipment for immediate operation in a high-visibility travel corridor.

Where is this motel located?

The property is located at 100 5Th Street Adair, IA.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: 34‑unit motel built in 1969; Convenient location just off Exit 75 of Interstate 80 for strong traveler access; Offered in excellent condition with an operational‑ready setup