Redevelopment Opportunity on 3.5
905 S WASHINGTON ST Bloomfield, IA 52537
905 S WASHINGTON ST, Bloomfield, IA, 52537
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For Sale
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Former motel ideal for apartment conversion or mixed-use redevelopment.
Lot Size3.50 Acres
Days on Market70
Property Features for 905 S WASHINGTON ST
General Information
- Standard status
- Active
- Lot size
- 3.50 Acres
- Property subtype
- Mixed Use, Land, Special Purpose
Building Details
- Year Built
- 1978
Listing Agency
LPT Realty
Listed by
Ben Grotzke · License #IA S66165
Source
Crexi
Added: May 12 Checked: Jul 19 at 6:14 am
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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
Location Intelligence
Current Use by Public Records
Southfork Motel and Grill
Restaurant
Similar For Sale Nearby
FAQs
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.
