315 Adams St Creston, IA 50801-3108
Property Lookup
Property profile & analytics
315 Adams St Creston, IA 50801-3108
- Turn key restaurants
- 11,954 SF
- 0.19 lot acres
Property ID
US25-2391609
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Jade Garden / Restaurant
Property Details for 315 Adams St
- Year built
- 1900
- Lot size
- 0.19 lot acres
- Property size
- 11,954 SF
- Property type
- Turn key restaurants
- APN
- 501460011
- APU
- 501460011
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Creston
- County
- Union
- State
- Iowa
- Longitude
- -94.3645
- Latitude
- 41.0576
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$3,344
$17,250
$165,510
$182,760
-
$17,250
$165,510
$182,760
