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Motel Property with Redevelopment Potential
For Sale
$1,200,000

905 S Washington Street, Bloomfield, IA

CommercialSale, Bloomfield, IA

Property SizeContact for details
Lot Size3.50 Acres
Days on Market144

Property Features for 905 S Washington Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning C
Appliances Cooktop, Dryer, Dishwasher
Lot features Rectangular Lot
Directions Get on I-35 S 4 min (1.5 mi) Take IA-163 E and US-63 S to Eddyville Rd in Wapello County 1 hr 17 min (83.6 mi)
Subdivision Bloomfield
Standard status Active
APN 01002181
Lot size 3.50 Acres

Taxes and HOA fees

Tax Description 25 69 14 SE COR SE SE EX PARCEL 2025-A1
Tax Annual Amount 513750
Legal Description 25 69 14 SE COR SE SE EX PARCEL 2025-A1

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Forced Air, Natural Gas
Cooling system Central Air
Water source Public

Building Details

Year built 1978
Building materials Brick, Block
Listing Agency: LPT Realty, LLC
Listed By: Benjamin Grotzke
Added: May 19 Changed: Oct 6 Last Checked: Oct 9 at 9:06AM
MLS# 741156

Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This motel property at 905 S Washington Street in Bloomfield, Iowa, occupies approximately 3.5 acres and includes improvements constructed in 1978. The building uses brick and block materials and is equipped with central air, natural gas and forced-air heating, electric heating, and appliances including a cooktop, dryer, and dishwasher. Public water and public sewer serve the property.

The C-zoned site includes the redevelopment parcel along with an additional parcel that generates supplemental income. The existing property configuration may support conversion to apartments, workforce housing, an extended-stay concept, or mixed-use redevelopment, subject to applicable approvals. The acreage also provides room for potential expansion, storage, parking, amenities, or new construction.

Key Highlights

  • Approximately 3.5‑acre motel property in Bloomfield, IA
  • Existing improvements constructed in 1978
  • C zoning designation

Property Analytics

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Current Use

Southfork Motel and Grill Restaurant

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Big Box & Wholesale Store Hair Salon Furniture & Home Goods

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

61
Businesses Nearby
Well-served
Demand for This Use
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Similar Off Market Nearby

  • Southfork Motel and Grill — 905 s washington st, bloomfield, ia 52537
  • Cobblestone Inn & Suites - Bloomfield — 509 S Washington St, Bloomfield, IA 52537
  • Columbia mo — Bloomfield, IA 52537

Frequently Asked Questions

What type of property is this?
Motel - Existing motel improvements feature brick and block construction with public water and sewer service.
Where is this motel located?
The property is located at 905 S Washington Street 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: Approximately 3.5‑acre motel property in Bloomfield, IA; Existing improvements constructed in 1978; C zoning designation
More about this property
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