2210 West St S - Hospitality FOR SALE


Grinnell, IA 50112
$2,700,000 USD
913-906-8600
2210 West St S, Grinnell, IA for Sale
$2,700,000 USD
Hospitality - FOR SALE
1/23
null | Request Cap Rate

2210 West St S
Grinnell, IA 50112


HIGHLIGHTS

  • 57-key AmericInn by Wyndham at I-80 Exit 182 — direct interstate visibility on the Iowa east-west corridor between Des Moines and Iowa City.
  • Multi-phase renovation completed 2023–2025; current Revenue up ~50k YTD
  • Great Opportunity for Owner Operator

OVERVIEW

Reco Real Estate Advisors is pleased to present the AmericInn by Wyndham Grinnell, a 57-key, two-story-two buildings limited-service midscale hotel positioned directly at Interstate I-80 Exit 182 in Grinnell, Iowa. The property occupies a 2.66-acre site with 34,627 square feet of improvements across two free-standing buildings, offering an indoor pool, hot tub, fitness center, complimentary hot breakfast, guest laundry, and ample paved surface parking. Recently completed PIP - 2023-2025. The Grinnell submarket draws stable, non-discretionary lodging demand from three of central Iowa's most established institutional employers. Grinnell College, a private liberal arts institution founded in 1846, operates with approximately 1,700 students and 1,583 employees and consistently ranks among the top U.S. liberal arts colleges — generating year-round parent, alumni, athletic, and recruiting-season travel. Grinnell Mutual Reinsurance is headquartered in the community with approximately 769 employees serving 17 states. Brownells Inc., the world's leading source for firearms parts and accessories, has been headquartered in Grinnell since 1939 and serves commercial, law-enforcement, and military customers globally. The subject property is one of a limited number of branded midscale hotels serving the I-80 corridor between Des Moines (55 miles west) and Iowa City (55 miles east), and is positioned for sustained occupancy and rate performance as demand drivers continue their normal seasonal patterns without new room dilution.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$72 USD /SF

# OF ROOMS

57

PRICE/ROOM

$47,368 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AmericInn by Wyndham Grinnell

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1964

PARKING SPACES

73

LAND DETAILS

LAND ACRES

2.66 AC

LAND SF

115,870 SF

ZONING

C

APN/PARCEL ID

180-3401500

ASK ABOUT THIS PROPERTY

Dharam ChaudhariRECO REAL ESTATE ADVISORSMore Info
913-906-8600

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Dharam ChaudhariRECO REAL ESTATE ADVISORSMore Info
913-906-8600

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