Historic Hotel Stuart Renovated

203 Front St, Stuart, IA 50250

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For Sale

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Renovated historic hotel with retail and apartment units.

Type:Retail, Mixed Use

Property size:

5,130 SF

Price / SF:

$170/SF

HighLights

Lovingly renovated historic hotel with modern amenities.
Mix of retail units and apartment units offers versatile use.
Completely updated with new HVAC, electrical, and plumbing systems.
Preserved original character and charm.
Beautifully appointed guest rooms and suites.
Convenient location off I80, 30 minutes from West Des Moines.

We can help!

Listing Contact

Chris Fultz

Learn more

For Sale

Contact for pricing

Renovated historic hotel with retail and apartment units.

Type:Retail, Mixed Use

Property size:

5,130 SF

Price / SF:

$170/SF

Added:: Oct 31, 2023
Days on Market:: 958
Last Refresh:: May 12 at 8:45 pm

Property Features for 203 Front St

General Information

Standard status: Active
Size: 5,130 SF
Property subtype: Retail, Mixed Use

Building Details

Year Built: 1900

We can help!

Listing Contact

Chris Fultz

Listing agent Chris Fultz License #IA #B61913000

Listing office NAI Iowa Realty Commercial - Des Moines

Listing date Oct 31, 2023

Source Crexi

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 NAI Iowa Realty Commercial - Des Moines

HighLights

Lovingly renovated historic hotel with modern amenities.
Mix of retail units and apartment units offers versatile use.
Completely updated with new HVAC, electrical, and plumbing systems.
Preserved original character and charm.
Beautifully appointed guest rooms and suites.
Convenient location off I80, 30 minutes from West Des Moines.

Overview

The historic Hotel Stuart has been renovated, offering modern amenities and accommodations in a historic setting. The hotel has been a landmark in the community for over a century. The recent renovation has preserved much of the hotel's original character and charm, while adding modern amenities such as new HVAC, electrical, and plumbing systems, as well as guest rooms and suites. The current configuration offers a variety of uses, with 2 first floor retail units and 5 apartment units of various sizes. The property is located off I80, 30 minutes from West Des Moines. The property size is 5130 square feet.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$120.0k	$23.40
− Vacancy	−$10.8k	−$2.11
EGI	$109.2k	$21.29
− OpEx	−$41.0k	−$7.99
NOI	$68.3k	$13.31

5,130 SF · lease $23.40/SF/yr · vacancy 9.00% · expense 37.50%

Alternative Uses

Best Use

Mixed Use

$975.3K

$853.4K – $1.14M (±1% cap)

NOI $68,274 @ 7.0% cap · market cap 7.80%

Second Best

Retail

$942.6K

$824.8K – $1.10M (±1% cap)

NOI $65,982 @ 7.0% cap · market cap 7.54%

Theoretical Best

Flex RnD

$4.94M

$4.32M – $5.76M (±1% cap)

NOI $345,680 @ 7.0% cap · market cap 39.51%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Stuart
County: Guthrie
State: Iowa
Longitude: -94.299
Latitude: 41.5397

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For sale
Mixed-use properties
IA
Stuart
50250
203 Front St

What type of property is this?

Mixed-use property - Renovated historic hotel with retail and apartment units.

Where is this mixed-use 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: Lovingly renovated historic hotel with modern amenities.; Mix of retail units and apartment units offers versatile use.; **Completely updated with new HVAC, electrical, and plumbing systems.**