Building Details

Year Built 2008

Listing Agency: Leisure Real Estate Advisors LLC

Listed By: Mike Works · License #Nebraska

Source: Crexi

Added: Mar 19 Changed: Aug 8 Last Checked: Aug 8 at 6:33AM

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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 Leisure Real Estate Advisors LLC

Investment Insights

Based on property information with market context.

This hospitality property features 61 rooms and suites. Constructed in 2008, the property underwent a Formula Blue PIP completion in 2021. The property includes a large meeting room and a competition-sized pool. A new 15-year license with IHG is available. The 2024 revenue is approximately $2,000,000, with an ADR of $135.

Key Highlights

• New 15 year license with IHG available
• 2024 Revenue approx. $2,000,000
• Formula Blue PIP Completed in 2021

Property Analytics

Property Profile

Current Use

Hotels

Suggested Use

Top Pick Garden Center Big Box & Wholesale Store Restaurant Hotel & Motel

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

93

Businesses Nearby

Explore this area Business Placement

Demographics for 51201, IA

6,408

Population

2,776

Households

2.3

Avg Household Size

38

Median Age

21%

College-Educated

88%

High-School Grad

115.7 sq mi

ZIP Area

55

Density / Sq Mi

$70,592

Median Household Income

$40,182

Median Earnings

$842

Median Rent

$182,500

Median Home Value

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Frequently Asked Questions

What type of property is this?

Hotel - 61-room hotel with meeting room and competition-sized pool.

Where is this hotel located?

The property is located at 201 34th Ave Sheldon, IA.

What is the asking price?

The asking price for this property is $6,750,000.

What are key features of this property?

This property features: New 15 year license with IHG available; 2024 Revenue approx. $2,000,000; Formula Blue PIP Completed in 2021