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Specialty Real Estate
1320 West Madison Street Washington, IA 52353
Details & Description
Price: $495,000
    22 room motel on 2.26 acres right on Hwy 1/92 (also W. Madison St) at W. Main Street in Washington Iowa. Average $185,706 sales in '18 and '19 with average NOI of $45,543 and CAP rate of 9.2 over the same two years. 2 bedroom managers house is included at no fee to manager. Very good condition with all new carpet and paint, new camera system and bedding, new washer and dryer, new exterior paint and much more. Garages in rear and extra land for possible RV, storage or camping.
    Property ID:    201661
    Property URL: melqr.com/201661
    Generated:    01-14-26
    Listing Agents
    Jeff Edberg

    O: 319-248-0509
    M: 319-331-6187
    jeff@icrealestate.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    Iowa / Washington / 52353 / 1320 West Madison Street

    1320 West Madison Street

    Washington, IA 52353

    Listing ID: 201661
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    1320 West Madison Street Washington, IA 52353 | for Sale | Photo 1
    Building Size: 8,208 SF
    Lot Size: 2.260 AC
    Land Size: 98,445 SF
    Building $/SF: $60.31
    Land $/SF: $5.03
    Price
    $495,000
    Description

    22 room motel on 2.26 acres right on Hwy 1/92 (also W. Madison St) at W. Main Street in Washington Iowa. Average $185,706 sales in '18 and '19 with average NOI of $45,543 and CAP rate of 9.2 over the same two years. 2 bedroom managers house is included at no fee to manager. Very good condition with all new carpet and paint, new camera system and bedding, new washer and dryer, new exterior paint and much more. Garages in rear and extra land for possible RV, storage or camping.

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    Listing Demographics for 1320 West Madison Street Washington, IA 52353

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

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    Common Questions and Answers

    What is the asking price for 1320 West Madison Street in Washington?
    The asking price for 1320 West Madison Street is $495,000
    What is the building size of this Specialty property in Washington, IA?
    The size of the building/unit at 1320 West Madison Street in Washington is 8,208 square feet
    How much land does the Washington, IA property at 1320 West Madison Street include?
    1320 West Madison Street in Washington includes 2.260 acres of land
    What kind of Specialty is the property at 1320 West Madison Street?
    The property at 1320 West Madison Street Washington, IA 52353 is listed as a Hotel/Motel/Resort Specialty property
    What is the population within 1 mile of 1320 West Madison Street in Washington?
    The population within 1 mile of 1320 West Madison Street Washington, IA 52353 is 1,384 people.
    Who do I contact for questions about 1320 West Madison Street?
    You should contact the listing agent, Jeff Edberg, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi) Directions
    The Eastern Iowa Airport (CID) 40
    Quad City International Airport (MLI) 63
    Dubuque Regional Airport (DBQ) 92
    Price
    $495,000
    Listing Agent
    Jeff Edberg - CRE Agent at

    Jeff Edberg

    IC Real Estate

    VIEW AGENT PROFILE

    CONTACT AGENT

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