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1401 N 2nd St
Cherokee, IA 51012

Price Upon Request

Hotel For Sale  •  32,113 SF

Property Details

  • Property Type Hotel
  • Total Building Size 32,113 SF
  • Lot Size 3.07 AC
  • Building Class B
  • Year Built 1976
  • Zoning C
0 Transit Score
45 Walk Score

Highlights

2-story, 55-room, interior corridor hotel with minimal PIP
Near the Western Iowa Tech Community College and Convention Center, the Cherokee Regional Medical Center, the Cherokee Mental Health Institute, Tyson®
Consistent revenue performance; More or less $850,000 Room Revenue Average
Absentee out of state owner. Opportunity for onsite owner operator to increase revenues and profit margins
Space available to convert into extended stay suites
New roof in 2022 and many recent improvements

Property Flyers

Amenities

  • Business Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 75
Type: Surface
Included in Rent: Yes
Douglas Johnson 312-935-1484 CBRE
Douglas Johnson 312-935-1484 CBRE