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...read more
Cooling
Wall Sleeve
Stories
2.0 Stories
Taxes
$13,590 Taxes
Property Type
Commercial - Investment
Cooling
Wall Sleeve
Days on Site
50
Exterior
Concrete
Frontage Type
City Street
HVAC
Wall Unit
Lot Dimensions
1.69 acres
Lot Size
1.69 Acres
Parcel#
0871870020
Potential Use
Other
Roof Type
Composition
Stories
2.0
Taxes
$13,590