620 Halland AveStanton, IA 51573

Property Details for 620 Halland Ave

Year built

1994

Construction

FRAME

Lot size

1.54 AC

Property size (Sq ft)

5,760 SF

Property type

Hospitality properties

Property subtype

Hotels

APN

681103101063000

APU

681103101063000

Description

This 12-key motel at 620 Holland Ave, Stanton, IA, 51573, presents a compelling investment opportunity. Built in 1994, this well-maintained property sits on a 1.54-acre lot and includes a two-bedroom, one-bathroom manager's residence. Strategically located near US Highway 34, next to a Casey's General Store, and in an industrial park, the motel benefits from high traffic volume. Its proximity to Red Oak, IA, further enhances its appeal. The property's versatility allows for diverse uses, including assisted living, long-term rentals, or conversion into storage units. The existing structure offers ample space, and additional adjacent land provides room for expansion, maximizing future development potential. The asking price is $325,000, and owner financing may be available. This is a rare chance to acquire a versatile commercial property in a thriving area. The property's location ensures excellent visibility and accessibility, guaranteeing a steady stream of potential customers.

• CAP approach

  CAP return

  Valuation

  6%

  $1,050,330

  6.5%

  $969,535

  7%

  $900,283

• Comparable approach

  Method

  Valuation

  Relative Method

  $690,877

  Geo Method

  $690,877

• Alternative Use

  Use

  Valuation

  Residential

  $1,058,451

  Hospitality

  $969,535

  Educational

  $806,642

  Medical

  $834,384

  Retail

  $1,254,776

Location Insight

City

Stanton

County

Montgomery

State

Iowa

Latitude

40.9866

Longitude

-95.0984

Property Tax & Assessments

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