818-851-3314
1530 Main St, Osage, IA for Sale
Hospitality - FOR SALE
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1530 Main St
Osage, IA 50461


HIGHLIGHTS

  • 34 Unit, 2 Story, Interior Corridor Hotel
  • Underperforming Due to Poor Management and Absentee Ownership
  • 3-Year Average Revenue: $323,000
  • Former Super 8 in Excellent Condition
  • Motivated Seller - Offers Encouraged, Owner Financing may be Available to Qualified Buyer
  • Built in 2000 - Perfect for Owner Operator With Manager's Apartment Available

OVERVIEW

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.

FOR SALE DETAILS

PRICE

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# OF ROOMS

34

CAP RATE

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SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Western Inn & Suites Osage

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2000

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.98 AC

LAND SF

86,249 SF

ZONING

C-A

APN/PARCEL ID

1025226024

ASK ABOUT THIS PROPERTY

Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

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Tim TakaoAmber Hotel CompanyMore Info
818-851-3314

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