203 Front StStuart, IA 50250

For Sale
$875,000

Historic Iowa Hotel, 7 Units, Updated 2023

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional Class A mixed-use property, the historic Hotel Stuart, presents a unique investment opportunity in Stuart, Iowa. Completely renovated in 2023, this 5,130 square foot building boasts 5 apartment units and 2 ground-floor retail spaces totaling 2,330 square feet. The meticulously preserved historic charm blends seamlessly with modern amenities, including updated HVAC, electrical, and plumbing systems. Each commercial tenant benefits from separately metered gas, electric, and water, while apartment tenants are responsible for their electricity, with water covered by the landlord. Located at 203 Front St, this property enjoys a prime location, conveniently situated off I-80, just 30 minutes from West Des Moines and directly across from the historic train depot, now an event center, offering significant foot traffic potential. The building's 1900 construction, coupled with the 2023 renovation, ensures a blend of character and modern functionality. This seven-unit property offers a strong potential for rental income and appreciation, making it an ideal addition to any investment portfolio. The asking price is $875,000.

Highlights

  • 2023 Complete Renovation
  • Five (5) Apartment Units
  • Two (2) Retail Units
  • 2,330 SF of First-Floor Retail Space
  • Across from Historic Train Depot (Event Venue)
  • Commercial Units: Separately Metered Utilities (Gas, Electric, Water)

Property Details for 203 Front St

Property type
Multifamily properties, Apartment buildings
Square Feet
5,130 SF
Class
A
Year Built
1900
Units
7

Location Insight

City
Stuart
County
Guthrie
State
Iowa
Latitude
41.50369951
Longitude
-94.31705986
203 Front St, Stuart, Iowa

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203 Front St
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