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122 Washington St Cedar Falls, IA 50613

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For Sale
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Renovated 15-unit motor lodge with redevelopment potential.

Type:Multifamily
Added:
Feb 18, 2026
Days on Market:
46
Last Refresh:
Mar 17 at 1:15 pm

Property Features for 122 Washington St

General Information

Standard status
Active
Property subtype
Multifamily

Building Details

Year Built
1976

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Listing Contact
Brian Wingert
Brian Wingert

Listing agent Brian Wingert License #B60468000

Listing office Structure Real Estate

Listing date Feb 18, 2026

Source Crexi

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 Structure Real Estate


Overview

Renovated Motor Lodge in Downtown

This renovated roadside motor lodge is situated in a prime downtown Cedar Falls location. The property features 15 units currently operated as a combination of short-term and long-term rentals. An unused office room is present, along with a mechanical room that includes a bathroom and laundry hookups. Additional laundry facilities are located upstairs but are not currently in use. The property comprises two separate lots and offers current income with future redevelopment potential. Located in the core of downtown Cedar Falls, the property benefits from a 10-year Tax Increment Financing (TIF) incentive for redevelopment.
Location Intelligence

Current Use by Public Records

Lindell Motor Lodge Vacation Rental

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

Similar Places Nearby

  • The Shack Cedar Falls 1309 tremont st, cedar falls, ia 50613
  • The Black Hawk Hotel 115 Main St, Cedar Falls, IA 50613
  • Motel 402 Main St, Cedar Falls, IA 50613
  • Hampton Inn Cedar Falls Downtown 101 W 1st St, Cedar Falls, IA 50613

Location Insight

  • Map
  • Local Demand
City
Cedar Falls
County
Black Hawk
State
Iowa
Longitude
-92.44655
Latitude
42.53714

FAQs

What type of property is this?
Motel - Renovated 15-unit motor lodge with redevelopment potential.
Where is this motel located?
The property is located at 122 Washington St Cedar Falls, IA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Great downtown Cedar Falls location.; Solid future redevelopment potential with 10 years of TIF.; Currently run as a mix of short term and long term rentals with great current income.
(319) 239-7805 Call to check price and availability
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