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2225 Lincoln Way Clinton, IA 52732 Commercial - Investment New

New - 46 Hours Ago
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Description

Well-maintained, family-owned 29-room independent motel located along heavily traveled Lincoln Way in Clinton, Iowa. Property includes a spacious 3-bedroom manager's apartment with full kitchen and living area. Stable year-round demand supported by multiple major area employers. Significant buyer advantage with an assumable SBA loan (subject to SBA approval) featuring approximately $480,000 remaining, 28 years amortization, and a fixed 3.75 interest rate. Recent improvements include new curtains and valances (2023), updated hardwood flooring in all ground-floor guest rooms (2023), refinished bathtubs (2024), and a new commercial-grade water heater (2026). Guest amenities include complimentary fiber Wi-Fi, a covered gazebo with grill, and an on-site dog run/garden. No franchise fees. Excellent opportunity for an owner-operator or hands-on investor with additional upside through management, marketing, and light property updates.

Property Highlights

Property Type: Commercial - Investment
Building Description: 2.0 stories
Lot Size: 1.69 acres

General Information

County: Clinton
Listed By:
Hawkeye Commercial Real Estate 563-344-4295
MRED MLS
$925,000
Est. $6,113/mo
New to the Market New
SQUARE FEET7,584 MLS#12697602
STATUSNew PROPERTY TYPECommercial - Investment

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2225 Lincoln Way , Clinton, IA 52732.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $925,000$925,000$925,000
Down Payment $185,000$32,375$231,250
Monthly Mortgage Amount $4,556$5,519$5,761
Taxes $1287$1287$1287
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$555$0
Monthly Estimated Total $6,113$7,631$7,318

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