Property profile

22980 141St Dr Bouton, IA 50039

OFF-MARKET
Hospitality properties
Property ID
US25-0184442
9,858 SF 1.36 ac lot Built 1966
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Property summary

AI-generated overview

This 15-unit motel in Bouton, Iowa, presents a compelling investment opportunity. Located at a high-traffic intersection of Highways 141 and 169, it enjoys easy access to Perry and the Des Moines metro area. Boasting 9,858 square feet across two single-story buildings on a 1.36-acre lot, the property features 24 beds and has a consistent rental history. The motel includes a welcoming lobby, a manager's suite, and a former conference area ripe for renovation or repurposing. Seven on-site storage units offer additional income potential. Recent improvements include a new roof and updated furnishings in many rooms, including beds, bedding, headboards, and furniture. The PTAC units are also in good condition. The property's concrete wall construction ensures durability. The property's C zoning allows for flexibility in its future use, whether continuing as a motel, converting to apartments, or developing into an Airbnb-style resort. Long-term tenants and consistent room block rentals from contracting firms demonstrate strong occupancy potential. The asking price is $350,000. Built in 1966, this property offers significant upside for the savvy investor.

Property profile

Verified
Property type Hospitality properties
Year built 1966
Total area 9,858 SF
Lot 1.36 ac (59,242 SF)
UPID US25-0184442

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Hotel & Motel
  • Hotel & Motel

Location

22980 141St Dr Bouton, IA 50039
Bouton metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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