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Description
A rare investment opportunity awaits in the heart of Uptown Creston! This historic mixed-use building offers impressive space, character, and tremendous potential. The property features 28 furnished hotel-style rooms, along with a spacious restaurant and outdoor patio that are currently leased and generating income. With a newer roof already in place, investors can focus on renovating the remaining rooms, improving operations, and bringing this landmark property to its full potential. Whether operated as extended-stay lodging, workforce housing, hospitality space, or a creative mixed-use development, this one-of-a-kind property offers numerous possibilities in a highly visible Uptown location.
Property Highlights
Property Type: Commercial - Investment
Year Built: 1900
General Information
County: Union
Listed By:
Our Town Realty, LLC
641-552-6284
No Coast MLS
MLS ID: 6341842
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301 W Adams Street, Creston, IA 50801.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $700,000 | $700,000 | $700,000 |
| Down Payment | $140,000 | $24,500 | $175,000 |
| Monthly Mortgage Amount | $3,494 | $4,288 | $4,360 |
| Taxes | $974 | $974 | $974 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $308 | $0 |
| Monthly Estimated Total | $4,672 | $5,774 | $5,538 |