1050 6th Ave - Hospitality FOR SALE


Des Moines, IA 50314- Cheatom Park
$7,500,000 USD
515-778-2605
1050 6th Ave, Des Moines, IA for Sale
$7,500,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

1050 6th Ave
Des Moines, IA 50314
Cheatom Park


HIGHLIGHTS

  • Des Moines Downtown Hotel
  • $30k Per Key
  • Downtown Demand

OVERVIEW

Cushman and Wakefield Iowa Commercial Advisors Exclusively Offers: 1050 6th Ave, Des Moines, IA 50314 The Holiday Inn Downtown Des Moines is ideally located near Mercy Medical Center with convenient access to Interstate 235. The property has undergone $3.5 million in renovations over the past five years and features strong amenities including meeting space, on-site dining, a heated indoor pool and fitness center. Positioned near key demand drivers such as Mercy Medical Center, Casey's Center, Drake University, and Downtown Des Moines. For more information: Holiday Inn - Downtown Des Moines | Revere

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$51 USD /SF

# OF ROOMS

251

PRICE/ROOM

$29,880 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Des Moines DTWN - Mercy Area

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

12

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1971

PARKING SPACES

244

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

83,910 SF

ZONING

C-2

APN/PARCEL ID

030-05196000000

ASK ABOUT THIS PROPERTY

John ViggersCushman & Wakefield | Iowa Commercial AdvisorsMore Info
515-778-2605

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

John ViggersCushman & Wakefield | Iowa Commercial AdvisorsMore Info
515-778-2605

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.