Redevelopment Opportunity on 3.5
For Sale
$1,200,000
905 S Washington St, Bloomfield, IA 52537
Former motel ideal for apartment conversion or mixed-use redevelopment.
Property SizeContact for details
Lot Size3.50 Acres
Days on Market114
Property Features for 905 S Washington St
General Information
Standard status
Active
Lot size
3.50 Acres
Taxes and HOA fees
Annual Taxes
$513,750
Listing Agency:
LPT Realty, LLC
(515) 669-4010
Listed By:
Benjamin Grotzke
(515) 745-0425
Source:
Exprealty
Added: May 14
Changed: Aug 25
Last Checked: Sep 4 at 8:53AM
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 LPT Realty, LLC
Investment Insights
Based on property information with market context.
This former motel property, situated on approximately 3.5 acres, presents a redevelopment opportunity with upside potential. The existing layout is suited for conversion into apartments, workforce housing, an extended stay concept, or a mixed-use development. The site allows for future expansion, additional amenities, storage, parking, or new construction. Strong demand for affordable housing and rentals in the area enhances the appeal for investors, developers, and operators seeking appreciation. The offering includes an additional parcel that generates supplemental income, providing immediate cash flow while redevelopment plans and improvements are implemented. Potential tax incentives, redevelopment grants, or value-add upside may be available. The property is located in Bloomfield, IA.
Key Highlights
- Approx. 3.5 acres with redevelopment potential for apartments, workforce housing, or extended stay concept.
- Additional parcel included, generating supplemental income during redevelopment.
- Existing motel structure is ideal for conversion or repositioning into multifamily units.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
Explore this area
Business Placement
Demographics for 52537, IA
7,248
Population
2,778
Households
2.6
Avg Household Size
37
Median Age
16%
College-Educated
81%
High-School Grad
338.5 sq mi
ZIP Area
21
Density / Sq Mi
$82,713
Median Household Income
$43,826
Median Earnings
$900
Median Rent
$153,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Former motel ideal for apartment conversion or mixed-use redevelopment.
Where is this commercial land located?
The property is located at 905 S Washington St Bloomfield, IA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approx. 3.5 acres with redevelopment potential for apartments, workforce housing, or extended stay concept.; Additional parcel included, generating supplemental income during redevelopment.; Existing motel structure is ideal for conversion or repositioning into multifamily units.
