226 W 5th St - Hospitality FOR SALE


Waterloo, IA 50701- Downtown Waterloo
$3,000,000 USD
805-557-8857
226 W 5th St, Waterloo, IA for Sale
$3,000,000 USD
Hospitality - FOR SALE
1/22
null | Request Cap Rate

226 W 5th St
Waterloo, IA 50701
Downtown Waterloo


HIGHLIGHTS

  • 68 guest rooms, five-story, interior corridor
  • Convenient downtown location
  • Over $780,000 in capital expenditures completed
  • May 2025 T12 Revenue: $826,792
  • 2024 Room Revenue: $786,322; 2023 Room Revenue: $746,225
  • Priced to sell at $44,118/key

OVERVIEW

The Bowman Post Group of NewGen Advisory is pleased to present the exclusive listing of the Econo Lodge Inn & Suites – Waterloo, IA. This 68-room, five-story hotel features an interior corridor design including 31 expansive two-room suites and has undergone significant capital improvements exceeding $780,000 since the latest PIP cycle. These comprehensive upgrades include exterior painting, a new roof, parking lot resurfacing, a refreshed lobby, an enhanced breakfast area, and modernized guestrooms featuring new carpeting, contemporary bathrooms, and updated furnishings. Econo Lodge Inn & Suites – Waterloo, IA hotel’s prime location in downtown Waterloo offers guests convenient access to key destinations for both business and leisure. Just minutes from the Waterloo Convention Center, Cedar Valley Sportsplex, and the Grout Museum District, the property also sits near major attractions like Lost Island Waterpark and Isle Casino. Proximity to regional employers such as John Deere and Rockwell Collins enhances its appeal for corporate travelers.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$61 USD /SF

# OF ROOMS

68

PRICE/ROOM

$44,118 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Econo Lodge Inn & Suites Waterloo

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1964

PARKING SPACES

49

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

C-1

APN/PARCEL ID

8913-26-233-005

ASK ABOUT THIS PROPERTY

Andrew PostNewGen AdvisoryMore Info
805-557-8857

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Andrew PostNewGen AdvisoryMore Info
805-557-8857

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