The Franklin Hotel 102 Elkader St

16 Room Hotel Strawberry Point, IA 52076 $690,000 ($43,125/Room)

INVESTMENT HIGHLIGHTS

  • The Franklin Hotel is in operation, and offers 6 long stay apartments, 11 hotel rooms, full kitchen with restaurant, catering, full bar.

EXECUTIVE SUMMARY

This property is on the Iowa Historical Registry, $15,000 in grants maybe applied for each year.

PROPERTY FACTS Under Contract

Price $690,000
Price Per Room $43,125
Sale Type Investment
Property Type Hospitality
Property Subtype
Hotel
Building Class C
Lot Size 0.39 AC
Building Size 22,443 SF
No. Rooms 16
No. Stories 3
Year Built 1902
Corridor Interior

AMENITIES

  • Restaurant
  • High Speed Internet Access
  • On-Site Bar
  • Meeting Event Space
  • Fully-Equipped Kitchen
  • Multi-Room Suites

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 16 $65.00 -

PROPERTY TAXES

ZONING

Zoning Code commercial
  • Listing ID: 32541523

  • Date on Market: 7/22/2024

  • Last Updated:

  • Address: 102 Elkader St, Strawberry Point, IA 52076