57-Room Quality Inn
New
For Sale
$3,500,000
5055 Rockwell Dr NE, Cedar Rapids, IA 52402
A recently updated limited-service lodging property carries a Choice Hotels affiliation and access to its Choice Privileges program.
Property Size11,564 SF
Days on Market4
Property Features for 5055 Rockwell Dr NE
General Information
Standard status
Active
Size
11,564 SF
Property subtype
Hotel-Motel
Amenities
Recently Renovated 57-Room Hotel - Newly Renovated Property Offers an Updated Product with Limited Immediate Capital Needs.
Choice Hotels Franchise Affiliation - Quality Inn Provides Established Brand Recognition, Centralized Distribution, Marketing, and Access to the Choice Privileges Loyalty rogram.
Strong Corporate & Industrial Demand - Cedar Rapids Benefits from a Diverse Employment Base Anchored by Aerospace, Manufacturing, Food Processing, Healthcare, and Logistics.
Efficient Limited-Service Operation - The 57-Room Configuration Provides a Manageable Operating Platform with Potential for an Owner-Operator to Capitalize on the Property's Recently Improved Condition.
Building Details
Building Size
11,564 SF
Year Built
1989
Listed By:
Jon Ruzicka · License #License(s): MN: 40583288, IA: B63379000, ND: 10032, WI: 76173-94, SD: 17724
(952) 852-9767
Source:
Marcusmillichap
Added: Oct 7
Last Checked: Oct 9 at 4:07PM
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 Jon Ruzicka
Investment Insights
Based on property information with market context.
This 57-room hotel in Cedar Rapids operates under the Quality Inn name and is affiliated with Choice Hotels International. A recent renovation refreshed the property, and the building dates to 1989. The brand affiliation includes access to Choice Hotels’ reservation and loyalty platforms, including Choice Privileges.
Cedar Rapids’ corporate, manufacturing, healthcare, education, and transportation sectors contribute to lodging demand in the area. Regional employers named include Collins Aerospace, CRST, Transamerica, ADM, Cargill, General Mills, Quaker Oats, and BAE Systems. Healthcare facilities, educational institutions, sporting events, and leisure travel also contribute to the city’s visitor base.
Cedar Rapids’ corporate, manufacturing, healthcare, education, and transportation sectors contribute to lodging demand in the area. Regional employers named include Collins Aerospace, CRST, Transamerica, ADM, Cargill, General Mills, Quaker Oats, and BAE Systems. Healthcare facilities, educational institutions, sporting events, and leisure travel also contribute to the city’s visitor base.
Key Highlights
- 57 guest rooms
- Recently renovated hotel
- Built in 1989
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
Explore this area
Business Placement
Demographics for 52402, IA
42,072
Population
19,848
Households
2.1
Avg Household Size
36
Median Age
41%
College-Educated
95%
High-School Grad
13.7 sq mi
ZIP Area
3,071
Density / Sq Mi
$71,319
Median Household Income
$41,753
Median Earnings
$992
Median Rent
$188,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - A recently updated limited-service lodging property carries a Choice Hotels affiliation and access to its Choice Privileges program.
Where is this hotel located?
The property is located at 5055 Rockwell Dr NE Cedar Rapids, IA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 57 guest rooms; Recently renovated hotel; Built in 1989
