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128 N Main Street

$ 689,000

Maquoketa, IA 52060

20.0 bath • 5,145 sqft
$
%/Year
Years

Spectacular and historical hotel with main level restaurant, 17+ hotel rooms & lower-level full-service bar. The current owners of this building are offering a turnkey business opportunity to a historical landmark that has been put back on the map! This 1880's iconic building offers a fully functioning 17 room hotel, not including the managers apartment. A full-service kitchen and dining area are almost a separate business boasting party events, a meeting facility or catering location. The lower-level pub area has seen a full facelift to include modern bar design, new lighting, granite bar top, updated bathrooms and more - creating the destination feel so many are after. Although this building and business have seen many updates, the richness of this lustrous building and its features have been maintained. This includes historic furnishings, magnificent doors and woodwork and wallpaper to period. There are currently long-term tenants in 2 of the rooms, bookings into the 2023 calendar year and positive returns. A huge opportunity.

  • Bathrooms: 20.0
  • Retail: 5145 sqft
  • Lot Size: 48 x 150
  • Parcel Number: 145172428600400
Income
Expenses
Other Info
  • Year Built: 1880
  • Listing Date: 11/1/22
  • Price Date: 12/15/22
Features
  • Basement: Full
  • Style Primary: Three Story
  • Cooling: Central Air
  • Electrical Service: Other
  • Electric Provider: Other
  • Exterior Finish: Brick
  • Extras: Other
  • Flooring: Wood
  • Flooring: Concrete
  • Foundation: Pour
  • Foundation: Rock
  • Fuel Type: Gas
  • Gas: Natural Gas
  • Ground Line Doors: Four
  • Heat Type: Forced Air
  • Parking Surface: Paved
  • Parking Surface: Other
  • Possession: Agreed
  • Raised Docks: None
  • Roof: Flat
  • Sale Or Rent: For Sale
  • Sewer: Public
  • Terms: Cash
  • Terms: Contract
  • Type: Commercial
  • Uses: Lodging
  • Uses: Bed and Breakfast
  • Uses: Restaurant
  • Uses: Tavern/Bar
  • Uses: Entertainment
  • Uses: Assembly/Meeting Place
  • Water: Public
This property is courtesy of Engel Agency