Exterior Corridor Hotel with
For Sale
Contact for pricing
3243 S Ridge Rd, Cedar Rapids, IA 52404
100-room, three-story hotel built in 1990 with an outdoor pool and common area amenities.
Property SizeContact for details
Days on Market121
Property Features for 3243 S Ridge Rd
General Information
Standard status
Active
Property subtype
Hospitality
Additional Details
Furnished
Yes
Business Included
Yes
Highway Access
Yes
Amenities
outdoor pool
fitness center
barbecue/picnic areas
free continental breakfast
community-wide WiFi
Building Details
Year Built
1990
Stories
3
Listing Agency:
Marcus & Millichap - Austin
Listed By:
Steve Swenholt · License #TX 629020
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 23 at 5:36AM
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 Marcus & Millichap - Austin
Investment Insights
Based on property information with market context.
The Red Roof Inn Cedar Rapids is a 100-room, three-story economy exterior corridor hotel built in 1990. The property offers common area amenities including an outdoor pool, fitness center, barbecue/picnic areas, free continental breakfast, and community-wide WiFi. Guest rooms include a microwave, refrigerator, work desk, and a flat-screen television with cable channels.
The hotel is located on Southridge Drive just off I-380 and 33rd Avenue in Cedar Rapids, Iowa, and is described as having visibility from the highway. It is in close proximity to Eastern Iowa Airport and the U.S. Cellular Center.
The asset is currently presented for sale by Marcus & Millichap’s National Hospitality Group as an opportunity for new management to improve hotel efficiency.
The hotel is located on Southridge Drive just off I-380 and 33rd Avenue in Cedar Rapids, Iowa, and is described as having visibility from the highway. It is in close proximity to Eastern Iowa Airport and the U.S. Cellular Center.
The asset is currently presented for sale by Marcus & Millichap’s National Hospitality Group as an opportunity for new management to improve hotel efficiency.
Key Highlights
- Red Roof Inn Cedar Rapids is a 100‑room, three‑story economy hotel built in 1990
- Offered at $1,950,000 ($19,000 per key)
- Common area amenities include an outdoor pool, fitness center, barbecue/picnic areas, free continental breakfast, and community‑wide WiFi
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Explore this area
Business Placement
Demographics for 52404, IA
43,385
Population
19,923
Households
2.2
Avg Household Size
35
Median Age
22%
College-Educated
94%
High-School Grad
56.6 sq mi
ZIP Area
767
Density / Sq Mi
$62,304
Median Household Income
$38,865
Median Earnings
$885
Median Rent
$159,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - 100-room, three-story hotel built in 1990 with an outdoor pool and common area amenities.
Where is this hotel located?
The property is located at 3243 S Ridge Rd Cedar Rapids, IA.
What are key features of this property?
This property features: Red Roof Inn Cedar Rapids is a 100‑room, three‑story economy hotel built in 1990; Offered at $1,950,000 ($19,000 per key); Common area amenities include an outdoor pool, fitness center, barbecue/picnic areas, free continental breakfast, and community‑wide WiFi
