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Listing provided courtesy of Iowa Realty South Lakes - MLS#6302161MLS Provider
Contact Information: 641-856-9350

308 N Frontage RoadMoravia, IA 52571

Commercial

$750,000 Active - Contingent

Overview

Time on Site:
167 days
Visits:
10

Close to Rathbun Lake and Lake Sundown!!! Unlimited possibilities with this multi-functional commercial space!!! Currently used as a restaurant and motel, this spacious building has the versatility you need to create your own businesses! Restaurant, bar, (there's even a stage!), event venue (perfect with the attached motel!), retail space, general store...the possibilities are endless. Restaurant and motel has 14 rooms, including 2 suites. Rooms are booked year-round with hunters, fisherman, lake goers, contractors and visitors from out-of-town. Includes an apartment for owners to live in or rent out. Multiple revenue streams. All equipment and furnishings are included. Schedule a private showing today and make your dream of owning your own business a reality!

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Facts & Features

  • Type Commercial

General

Listing Information
  • Contingency: None
Building Information
  • Year Built: 2007
Business Information
  • Current Use: Hotel/Motel,Restaurant
Location/Region
  • County Or Parish: Appanoose
  • Postal City: Moravia
Tax Information
  • Tax Annual Amount: 4728
  • Tax Year: 2022
General Information
  • Inclusions: restaurant and hotel building. Excludes land east of building.
  • Possible Use: Grocery,Lounge/Bar,Motel/Hotel,Office,Professional,Rest/Lounge,Restaurant,Retail,Shop,Other
  • Property Type: COMMERCIAL (5+ UNITS)

Interior

Parking Information
  • Garage Spaces: 0
General Information
  • Accessibility Features: No Stairs Internal,Partially Wheelchair
  • Heating: Forced Air,In-Floor Heating,Wood Stove
  • Living Area Units: Square Feet

Exterior

Parking Information
  • Parking Features: Uncovered/Open,Driveway - Gravel
  • Parking Total: 45
Lot Information
  • Lot Size Dimensions: 345 x 404 x 96 x 357 x 296 x 68 x 178.
  • Lot Size Units: Acres
  • Water Source: City Water/Connected
Building Exterior/Construction
  • Architectural Style: Other
General Information
  • Number Of Units Total: 14
  • Sewer: City Sewer/Connected
  • Utilities: Heating Separate

Neighborhood

Community

52571 (Moravia) Demographics
50
Median Age
14
Population Density (per sq. mile)
39%
College Educated
$68,375
Estimated Median Income
481
Estimated Total Home Owners
94
Estimated Total Renters
84% / 16%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

Elementary Schools
2
Public
Moravia Elementary School
  • Grades: PK - 6
  • Enrollment: 198
Middle Schools
2
Public
Moravia Elementary School
  • Grades: PK - 6 /
  • Enrollment: 198
1
Public
Moravia High School
  • Grades: 7 - 12 /
  • Enrollment: 185
High Schools
1
Public
Moravia High School
  • Grades: 7 - 12 /
  • Enrollment: 185
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Monthly Cost

$
$ %
%
$
$
* Assumes 7.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Market Data

Based on the last 30 days in this zip code

$498,400
Median Sales Price
$269
Median Price per Square Foot
2
Properties Sold
1
New on Market
127
Average Days on Market
5
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value Agent
1/26/2024Source: Iowa Associaion Regional MLS Status Change
Active - Contingent
Carie Leon
Listing Agent