Commercial (5+ Units) For Sale

315 Adams, Creston, Iowa 50801

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Property Description

10 large hotel rooms with full baths. Flooring is a little dated but otherwise are ready to rent. Four pairs have connecting doors. Some beds/bed frames, multiple apartment refrigerators, dressers, small round tables/ chairs. Multiple water heaters. Motel rooms are scarce in Creston. $100 per night X 10 rooms X 30 days X 12 months = $360,000. $335,000 asking price – building paid for!! What you do with the main floor can pay the operating expenses. Fabulous opportunity to start a restaurant with equipment in place. Includes 2 hot buffet tables, 1 cold buffet, ice cream cabinet, pop dispenser, rice steamers, grill with sprinklers, commercial dishwasher and stainless steel sinks required. Meat slicer and stainless work tables, shelving. Walk-in cooler. Separate open party room plus large meeting room/convention space with separate entrance. Open a gym – plenty of exercise equipment in the basement.

Basic Details
Property Type : Commercial (5+ Units)
Listing Type : For Sale
Price : $335,000
Status : Active
Days On Market : 148
Year Built : 1900
Lot Area : 0.19 Acre
Features
Heating System : Forced air
Cooling System : Central, Ductless Mini-split
Basement : Partial finished, Full
Water : City Water/Connected
Water/Sewer : City Sewer/connected
Construction
Roof Deck : Rubber
Exterior : Stucco
Other
Tax Year : 04/26/2024
Fuel Type : Natural gas
WindowFeatures : Blinds,drapes
Style : Mixed Use
Address : 315 W Adams Street
Status : Active
Insurance Fee : $0
Taxes : $3,760
LA1Agent First Name : Retta
LA1Agent Last Name : Ripperger
Listing Office Info
Listing ID : 6313404
List Office MLSID : 154
List Agent MLSID : 1103
Community
School District : 1503 - Creston
Location
Street Number : 315
Street : Adams
Country : US
State : IA
County : Union
City : Creston
Zipcode : 50801
Longitude : W95° 38' 8.1''
Latitude : N41° 3' 26.9''
Directions : hwy 25 (Sumner St) into Creston. East on Adams at
Commercial (5+ Units) For Sale
  • Listing ID : 6313404
  • Lot Area : 0.19 Acre
  • Visits : 24 in 170 days
$335,000
Agent info
Matt Karjalahti
RE/MAX Partners Realty
932 Main St., Grinnell, IA 50012
Contact Agent

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