Property summary
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
VerifiedCap rate & NOI
Current use
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Hotel & Motel
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Hotel & Motel
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Hotel & Motel
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning