1220 Marion St Manchester, IA 52057-2314
This exceptional investment opportunity presents a 43-room, two-story hotel ideally situated at 1220 W Marion Street in Manchester, Iowa. Boasting a prime location adjacent to a Walmart, this property benefits from significant foot traffic and high visibility due to its proximity to an interstate highway. The hotel features an attractive array of amenities including an indoor pool and a dedicated breakfast area, enhancing guest experience and potential revenue streams. The substantial 11,574 square foot building sits on a half-acre lot, providing ample parking for guests and staff. The large parking area is a key advantage, accommodating a high volume of vehicles. While the current hotel name is not included in the sale, this presents a unique opportunity for rebranding and maximizing market potential. The asking price for this established hotel is $1,300,000. This property is well-suited for investors seeking a strong return on investment in a thriving commercial area. The existing infrastructure and amenities provide a solid foundation for continued success, with potential for further development and improvement. This is a rare chance to acquire a well-established hotel in a high-traffic location with significant growth potential. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.