2910 Main St Cedar Falls, IA 50613-5106
- Hotels
- 39,095 SF
- 1.72 lot acres
Current Use by Public Records
- Country Inn & Suites by Radisson, Cedar Falls, IA / Hotel
- University of Northern Iowa / University
Property Details for 2910 Main St
- Year built
- 1998
- Construction
- FRAME
- Lot size
- 1.72 lot acres
- Property size
- 39,095 SF
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 8914-24-201-032
- APU
- 891424201032
Description
This exceptional 64-key Country Inn & Suites by Radisson hotel presents a lucrative investment opportunity in the thriving Cedar Falls, IA market. Boasting 14,393 square feet across three stories in a single building on a 1.72-acre lot, this interior corridor hotel was built in 1998 and has undergone significant renovations (approximately $1,400,000) in 2018/2019. The property enjoys a prime location directly off Highway 27 (21,300 AADT) and University Avenue (15,600 AADT), providing high visibility and convenient access to the University of Northern Iowa, UNI-Dome, Gallagher Bluedorn Performing Arts Center, and Cedar Falls Main Street. The hotel benefits from a diverse range of demand generators, including leisure and business travelers, healthcare professionals, university students and families, and various group bookings. The estimated cost for a change of ownership PIP is approximately $200,000, requiring verification by Choice Hotels. Financial highlights include a list price of $5,500,000, and strong year-over-year revenue growth (5%). The August 2024 T12 data shows an ADR of $114.08, RevPAR of $70.96, and occupancy of 62.20%. Amenities include an indoor/outdoor whirlpool/hot tub, fitness center, indoor heated pool, business center, vending machines, guest laundry, and a hot breakfast dining area. The hotel's proximity to key attractions (within 11.6 miles of Lost Island Theme Park and 6.7 miles from Waterloo Regional Airport) further enhances its appeal. This property represents a compelling investment in a dynamic and growing market.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cedar Falls
- County
- Black Hawk
- State
- Iowa
- Longitude
- -92.4453
- Latitude
- 42.5109
- CBSA code
- 47940
- CBSA name
- WATERLOO-CEDAR FALLS, IA METROPOLITAN STATISTICAL AREA
