60-unit hotel with event room in high-traffic area.
Property Size23,869 SF
Price / SF$58.65
Days on Market142
Property Features for 1201 Hawkeye Ave SW
General Information
Standard statusActive
Size23,869 SF
Property subtypeHospitality
Building Details
Year Built1989
Buildings1
Listing Agency:1st Choice Realty(712) 546-5550
Listed By:LISA PAGELER · License #B30185
Source:Crexi
Added: Mar 23Changed: Aug 8Last Checked: Aug 10 at 8:47AM
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 1st Choice Realty
Investment Insights
Based on property information with market context.
This 60-unit hotel features interior corridors and is located in a high-traffic area of LeMars, Iowa, near a stop light. The property includes two deluxe suites, four standard suites, ten standard rooms with king beds, forty-three rooms with two double beds, and one standard suite with a queen bed that is ADA compliant. All fixtures, furniture, and equipment are included in the sale. Each room is equipped with a PTAC unit and newer carpet. The hotel spans three floors and offers complimentary breakfast in the dining area. Security cameras are in place. On-site amenities include coin-operated laundry and vending machines. There is an area available that is currently used for storage, but could be converted into an exercise room. The property also features an attached 1800 square foot event room with potential for use as a dining or bar area, including stools, chairs, tables, and a hotdog roller, some of which are unused and still in boxes. The event room has its own bathroom, water heater, and electrical panel. The site provides 64 marked parking spots, along with a large gravel area suitable for trucks, trailers, and larger vehicles. The shingles on the main building were replaced in 2016, and several updates were completed in 2017. The property is within walking distance of 4 Brothers Restaurant, Hy-Vee (Convenient store, Grocery & Deli) Wal-Mart Super Store, and Dollar Tree. LeMars hosts several events that attract visitors, including a five-day County Fair, HomeTown Christmas, and Brown's Theater. Downtown LeMars features an Ice Cream Parlor, Alley Art, shops, Brown's Event Center, and dining options. The LeMars Industrial Park is home to corporations such as Wells Enterprises (Blue Bunny Ice Cream), Kemps Dairy, Bodeans, and Schuster Trucking. Floyd Valley Health Care & Clinic and the City Airport are nearby. Le Mars is the county seat of Plymouth County, Iowa, located 20 miles north of Sioux City. The population was 10,571 at the time of the 2020 census.
Key Highlights
High‑traffic location in LeMars with easy access via stop light
60‑unit hotel with a variety of room types, including suites
Includes all fixtures, furniture, and equipment (FF&E)
Property Analytics
Property Profile
Current Use
Le Mars Inn ...Hotel & Motel
Suggested Use
Top PickReal Estate AgencyBuilding SupplyLaw FirmHVAC ServiceSkin Care ClinicBig Box & Wholesale Store
Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Explore this area
Business Placement
Demographics for 51031, IA
12,960
Population
5,443
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
234.1 sq mi
ZIP Area
55
Density / Sq Mi
$74,978
Median Household Income
$47,035
Median Earnings
$903
Median Rent
$208,900
Median Home Value
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Hotel - 60-unit hotel with event room in high-traffic area.
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: High‑traffic location in LeMars with easy access via stop light; 60‑unit hotel with a variety of room types, including suites; Includes all fixtures, furniture, and equipment (FF&E)