Western Inn & Suites Osage | 1530 Main St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Western Inn & Suites Osage 1530 Main St
34 Room Hotel Osage, IA 50461 For Sale
INVESTMENT HIGHLIGHTS
- 34 Unit, 2 Story, Interior Corridor Hotel
- 3-Year Average Revenue: $323,000
- Motivated Seller - Offers Encouraged, Owner Financing may be Available to Qualified Buyer
- Underperforming Due to Poor Management and Absentee Ownership
- Former Super 8 in Excellent Condition
- Built in 2000 - Perfect for Owner Operator With Manager's Apartment Available
EXECUTIVE SUMMARY
The Western Inn and Suites in Osage, IA, is a 34-unit, interior-corridor, two-story hotel located in Mitchell County, positioned near Highway 9 and Highway 218.
The hotel is well maintained after dropping the Super 8 by Wyndham flag to become independent as the "Western Inn & Suites". The hotel offers several amenities, including a business center, guest laundry, daily housekeeping, pet-friendly accommodations, a 24-hour front desk, and parking for buses, trailers, RVs, and trucks.
Revenue has declined in recent years due to management issues and absentee ownership. However, this provides an opportunity for an experienced owner to take over day-to-day operations and implement improvements.
Osage, situated along the scenic Cedar River, offers a small-town atmosphere with a strong sense of community. It is known for its historical buildings, rich culture, and annual events that attract both locals and visitors. The town hosts a variety of outdoor activities, including Mitchell County fair, kayaking, fishing, and camping, which encourage community engagement. Local attractions include Sunny Brae Golf & Country Club, Spring Park, Jiri-Rita Prairie Park, Cedar Summerstock Theatre, Osage City Park, the Blue Star Memorial, and more.
The hotel is well maintained after dropping the Super 8 by Wyndham flag to become independent as the "Western Inn & Suites". The hotel offers several amenities, including a business center, guest laundry, daily housekeeping, pet-friendly accommodations, a 24-hour front desk, and parking for buses, trailers, RVs, and trucks.
Revenue has declined in recent years due to management issues and absentee ownership. However, this provides an opportunity for an experienced owner to take over day-to-day operations and implement improvements.
Osage, situated along the scenic Cedar River, offers a small-town atmosphere with a strong sense of community. It is known for its historical buildings, rich culture, and annual events that attract both locals and visitors. The town hosts a variety of outdoor activities, including Mitchell County fair, kayaking, fishing, and camping, which encourage community engagement. Local attractions include Sunny Brae Golf & Country Club, Spring Park, Jiri-Rita Prairie Park, Cedar Summerstock Theatre, Osage City Park, the Blue Star Memorial, and more.
PROPERTY FACTS
| Sale Type | Investment | No. Rooms | 34 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 2000 |
| Building Class | C | Parking Ratio | 2.85/1,000 SF |
| Lot Size | 1.98 AC | Corridor | Interior |
| Building Size | 15,800 SF |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.98 AC |
| Building Size | 15,800 SF |
| No. Rooms | 34 |
| No. Stories | 2 |
| Year Built | 2000 |
| Parking Ratio | 2.85/1,000 SF |
| Corridor | Interior |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 34 | $129.00 | - |
1 of 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,349,653 | |
| Land Assessment | $132,045 | Total Assessment | $3,481,698 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$132,045
Improvements Assessment
$3,349,653
Total Assessment
$3,481,698
ZONING
| Zoning Code | C-A (C-A) |
| C-A (C-A) |
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Western Inn & Suites Osage | 1530 Main St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.