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    1220 Marion St Manchester, IA 52057

    For Sale
    $1,300,000

    43-Room Hotel, Interstate Access, High Traffic

    Property size:
    11,574 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional investment opportunity presents a 43-room, two-story hotel ideally situated at 1220 W Marion Street in Manchester, Iowa. Boasting a prime location adjacent to a Walmart, this property benefits from significant foot traffic and high visibility due to its proximity to an interstate highway. The hotel features an attractive array of amenities including an indoor pool and a dedicated breakfast area, enhancing guest experience and potential revenue streams. The substantial 11,574 square foot building sits on a half-acre lot, providing ample parking for guests and staff. The large parking area is a key advantage, accommodating a high volume of vehicles. While the current hotel name is not included in the sale, this presents a unique opportunity for rebranding and maximizing market potential. The asking price for this established hotel is $1,300,000. This property is well-suited for investors seeking a strong return on investment in a thriving commercial area. The existing infrastructure and amenities provide a solid foundation for continued success, with potential for further development and improvement. This is a rare chance to acquire a well-established hotel in a high-traffic location with significant growth potential. Serious inquiries are encouraged.

    Property Features for 1220 Marion St

    General Information

    Property type
    Retail properties
    Square Feet
    11,574 SF
    Lot Size
    21,780 SF

    Building Details

    Year Built
    2000
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Delaware
    State
    Iowa
    Longitude
    -91.47811
    Latitude
    42.48104

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    FAQs

    What type of property is this?
    Retail property - 43-Room Hotel, Interstate Access, High Traffic
    Where is this retail property located?
    The property is located at 1220 Marion St Manchester, IA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    (563) 422-3277
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    1220 Marion St Manchester, IA 52057
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    Manchester, IA 52057
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    Realmo Value Estimation

    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.

    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.

    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
    1220 Marion St Manchester, IA 52057
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