11000 Federal Ave - Hospitality FOR SALE


Colfax, IA 50054
$1,100,000 USD
773-600-4393
11000 Federal Ave, Colfax, IA for Sale
$1,100,000 USD
Hospitality - FOR SALE
1/2
null | Request Cap Rate

11000 Federal Ave
Colfax, IA 50054


HIGHLIGHTS

  • Located immediately off Interstate 80 at Exit 155
  • Operates as a 39-room Microtel Inn & Suites property
  • Positioned between Des Moines and eastern Iowa travel routes
  • Existing hospitality use allows for continued hotel operations

OVERVIEW

11000 Federal Avenue presents an opportunity to acquire a flagged hospitality asset operating as the Microtel Inn & Suites Colfax/Newton. The property consists of a 39-room hotel situated on approximately 2.12 acres and benefits from immediate access to Interstate 80, one of the Midwest's primary east-west transportation corridors. Its location at the I-80 interchange provides visibility and accessibility for business travelers, regional visitors, and motorists traveling between Des Moines and eastern Iowa. The hotel's positioning near the Des Moines metropolitan area enhances its appeal to investors seeking exposure to a lodging asset that can serve both transient and regional demand. Colfax is located along a heavily traveled section of Interstate 80 and is within convenient reach of Newton, Altoona, and the greater Des Moines employment base. The property's existing room inventory, established lodging use, and recognizable national brand affiliation create a foundation for continued operation and potential operational improvements under new ownership. The two-story hotel includes amenities commonly associated with limited-service lodging properties, including business-oriented guest services, internet access, and on-site parking. The combination of interstate access, regional connectivity, and an established hospitality footprint offers potential value for investors pursuing a hospitality acquisition in Central Iowa.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$68 USD /SF

# OF ROOMS

39

PRICE/ROOM

$28,205 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Microtel Inn & Suites Colfax Newton

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2007

PARKING SPACES

39

LAND DETAILS

LAND ACRES

2.12 AC

LAND SF

92,164 SF

ZONING

RCC

APN/PARCEL ID

06-35-400-011

ASK ABOUT THIS PROPERTY

Tejash ChaudhariTejash ChaudhariMore Info
773-600-4393

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

Tejash ChaudhariTejash ChaudhariMore Info
773-600-4393

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