315 Adams St Creston, IA 50801-3108

This mixed-use property at 315 W Adams Street, Creston, IA, presents a unique investment opportunity on a 0.19-acre lot. The building features a large street-level commercial space ideal for a restaurant or other retail business. Existing restaurant equipment is included, comprising two hot buffet tables, one cold buffet, an ice cream cabinet, pop dispenser, rice steamers, a sprinkler-equipped grill, a commercial dishwasher, stainless steel sinks, a meat slicer, stainless steel work tables, shelving, and a walk-in cooler. Additionally, there's a separate open party room and a large meeting room/convention space with a private entrance. Upstairs, ten large hotel rooms, each with a full bath, offer significant rental income potential. Four pairs of rooms have connecting doors. Some existing furnishings are included, such as beds/bed frames, multiple apartment-sized refrigerators, dressers, and small tables and chairs. Multiple water heaters are also in place. The motel rooms are a valuable asset given the scarcity of such accommodations in Creston. The building's flooring is somewhat dated but otherwise in rentable condition. The basement contains exercise equipment, suggesting potential for a fitness center. The asking price is $335,000, offering a strong return on investment considering the potential rental income from the hotel rooms alone. The commercial space's revenue could easily cover operating expenses.