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    203 Front St Stuart, IA 50250

    For Sale
    $875,000

    Historic Iowa Hotel, 7 Units, Updated 2023

    Property size:
    5,130 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A mixed-use property, the historic Hotel Stuart, presents a unique investment opportunity in Stuart, Iowa. Completely renovated in 2023, this 5,130 square foot building boasts 5 apartment units and 2 ground-floor retail spaces totaling 2,330 square feet. The meticulously preserved historic charm blends seamlessly with modern amenities, including updated HVAC, electrical, and plumbing systems. Each commercial tenant benefits from separately metered gas, electric, and water, while apartment tenants are responsible for their electricity, with water covered by the landlord. Located at 203 Front St, this property enjoys a prime location, conveniently situated off I-80, just 30 minutes from West Des Moines and directly across from the historic train depot, now an event center, offering significant foot traffic potential. The building's 1900 construction, coupled with the 2023 renovation, ensures a blend of character and modern functionality. This seven-unit property offers a strong potential for rental income and appreciation, making it an ideal addition to any investment portfolio. The asking price is $875,000.

    Property Features for 203 Front St

    General Information

    Property type
    Multifamily properties
    Square Feet
    5,130 SF
    Class
    A

    Building Details

    Year Built
    1900
    Units
    7

    HighLights

    • 2023 Complete Renovation
    • Five (5) Apartment Units
    • Two (2) Retail Units
    • 2,330 SF of First‑Floor Retail Space
    • Across from Historic Train Depot (Event Venue)
    • Commercial Units: Separately Metered Utilities (Gas, Electric, Water)
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Stuart
    County
    Guthrie
    State
    Iowa
    Longitude
    -94.31705986
    Latitude
    41.50369951

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    FAQs

    What type of property is this?
    Multifamily property - Historic Iowa Hotel, 7 Units, Updated 2023
    Where is this multifamily property located?
    The property is located at 203 Front St Stuart, IA.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: 2023 Complete Renovation; Five (5) Apartment Units; Two (2) Retail Units
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    203 Front St Stuart, IA 50250
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    203 Front St Stuart, IA 50250
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