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36-Room Hotel with Manager Quarters

1905 18th Street Spirit Lake, IA 51360

Claim this Listing
For Sale
$1,695,000

COMMERCIAL - Spirit Lake, IA

Lot size:
1.09 Acres
Added:
Apr 10, 2026
Days on Market:
93
Last Refresh:
Jul 11 at 1:06 pm

Property Features for 1905 18th Street

General Information

Property type
Commercial Sale
Property subtype
Other
Parking features
Covered
Standard status
Active
APN
0705252005
Lot size
1.09 Acres

Taxes and HOA fees

Tax Year
2024
Tax Description
AUD PLAT 108 & LOT 1 BEDELL'S SECOND ADD
Tax Annual Amount
18421

Utilities

Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Ductless
Water source
Public

Building Details

Year built
1962
Building materials
Vinyl Siding
Roof type
Asphalt, Metal

Listing agent Brad Sanderson License #B41901

Listing office EXIT Realty Midwest 1306 18th St. Suite C, Spirit Lake, IA

Listing date Apr 10, 2026

MLS# 260269

Copyright © 2026 Iowa Great Lakes Board of Realtors. 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.

This property is a 36-room Travelodge configured with 22 rooms featuring two king beds, plus 14 rooms with one queen. The listing notes updates in those 14 rooms, including updated carpet, furniture, and bathrooms. The building also includes manager’s quarters, providing on-site accommodations tied to property operations.

The hotel is located at 1905 18th Street in Spirit Lake, Iowa (Dickinson County). In addition to the main facility, the property includes a detached 2-car garage and an extra 1.089-acre lot listed as available for future expansion.

For buyers considering hospitality ownership, the unit mix supports multiple lodging configurations across the property, with documented updates to a portion of the rooms. The combination of on-site manager’s quarters, detached garage space, and an additional lot can be useful for operators evaluating day-to-day management and potential site development options within the same ownership structure.

Key Highlights

  • 36‑room Travelodge, with summer rates up to $259/night
  • Unit mix: 22 rooms with two king beds and 14 rooms with one queen
  • 14 queen rooms feature updated carpet, furniture, and bathrooms

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Hotels

Suggested Use

Parking Lot & Garage Garden Center Grocery & Convenience Store Electrical Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Barber Shop (Bike/Boat/Book/etc) Store Catering Service (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Hotel - 36-room Travelodge in Spirit Lake with a manager’s quarters and an additional lot for potential expansion.
Where is this hotel located?
The property is located at 1905 18th Street Spirit Lake, IA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 36‑room Travelodge, with summer rates up to $259/night; Unit mix: 22 rooms with two king beds and 14 rooms with one queen; 14 queen rooms feature updated carpet, furniture, and bathrooms
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