34-Unit Budget Inn
For Sale
$675,000
100 5Th Street, Adair, IA 50002
MULTI_FAMILY - Adair, IA
Property Size6,962 SF
Lot Size1.41 Acres
Price / SF$96.95
Days on Market64
Property Features for 100 5Th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Directions
Take Exit 75 Off Interstate 80 turn north on S 5th to the property
Standard status
Active
APN
0103301001
Size
6,962 SF
Lot size
1.41 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
N. 278' OF W. 221' IN NW NW SW LANDS ADJ. 3 77 33 COMB. WITH # 682 1999
Tax Annual Amount
18060
Legal Description
N. 278' OF W. 221' IN NW NW SW LANDS ADJ. 3 77 33 COMB. WITH # 682 1999
Utilities
Heating system
Baseboard
Water source
Public
Building Details
Year built
1969
Floors in Building
2
Number of units
34
Building materials
Vinyl Siding
Listing Agency:
Thomas Realty
(712) 542-6325
Listed By:
Charles Thomas · License #IOB4146700
(712) 542-6325
Added: Jun 10
Changed: Jul 16
Last Checked: Aug 12 at 2:06PM
MLS# 6339231
Copyright © 2026 NoCoast MLS. 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.
The Budget Inn is a 34-unit motel property for sale, positioned for straightforward guest operations. The listing indicates the motel is well-maintained and in excellent condition, and that the sale includes furnishings, equipment, and systems necessary to run the business.
The property is located just off Exit 75 of Interstate 80, in a high-traffic area with visibility and accessibility. The surrounding area is described as home to a variety of businesses, restaurants, and services that serve both travelers and local demand.
The offering also notes operational readiness and highlights the potential for additional growth initiatives; any buyer should confirm all details during due diligence.
The property is located just off Exit 75 of Interstate 80, in a high-traffic area with visibility and accessibility. The surrounding area is described as home to a variety of businesses, restaurants, and services that serve both travelers and local demand.
The offering also notes operational readiness and highlights the potential for additional growth initiatives; any buyer should confirm all details during due diligence.
Key Highlights
- 34‑unit motel property (Budget Inn)
- Conveniently located just off Exit 75 of Interstate 80
- Year built: 1969
Property Analytics
Property Profile
Current Use
Lease Details
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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-unit motel property for sale off Interstate 80, offered with furnishings, equipment, and systems included.
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 property (Budget Inn); Conveniently located just off Exit 75 of Interstate 80; Year built: 1969
