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$ 925,000
Est. payment | /mo
7,584 SqFt
$ 925,000
Est. payment | /mo
7,584 SqFt
Key Details
Property Type Commercial
Sub Type Bus / Bus w/Real Est
Listing Status Active
Purchase Type For Sale
Square Footage 7,584 sqft
Price per Sqft $121
MLS Listing ID 12697602
Annual Tax Amount $13,590
Tax Year 2024
Lot Dimensions 1.69 acres
Property Sub-Type Bus / Bus w/Real Est
Property Description
Well-maintained, family-owned 29-room independent motel located along heavily traveled Lincoln Way in Clinton, Iowa. Property includes a spacious 3-bedroom manager's apartment with full kitchen and living area. Stable year-round demand supported by multiple major area employers. Significant buyer advantage with an assumable SBA loan (subject to SBA approval) featuring approximately $480,000 remaining, 28 years amortization, and a fixed 3.75 interest rate. Recent improvements include new curtains and valances (2023), updated hardwood flooring in all ground-floor guest rooms (2023), refinished bathtubs (2024), and a new commercial-grade water heater (2026). Guest amenities include complimentary fiber Wi-Fi, a covered gazebo with grill, and an on-site dog run/garden. No franchise fees. Excellent opportunity for an owner-operator or hands-on investor with additional upside through management, marketing, and light property updates.
Location
State IA
County Clinton
Area Iowa - Clinton
Interior
Cooling Wall Sleeve
Fireplace N
Exterior
Roof Type Composition
Building
Dwelling Type Bus / Bus w/Real Est
Structure Type Concrete
© 2026 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Listed by Max Gellerman of Hawkeye Commercial Real Estate
Learn More About LPT Realty
Tim Zielonka
Managing Broker / Realtor | License ID: 471.004901
+1(773) 789-7349 | realty@agenttimz.com