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2518 Mount Pleasant Street Burlington, IA 52601 • Commercial - Investment • Closed

Auction •
Sold

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Description

The Arrowhead Motel ? A Unique Burlington Investment Opportunity. Burlington's longest-standing local motel, the Arrowhead Motel presents a rare opportunity to acquire an established hospitality business with 29 complete motel suites, each with its own unique layout and character. Beyond the motel itself, the property includes multiple additional buildings and income-producing components, including a duplex 3-bed, 2-bath unit, and 3-bedroom, 1-bath, unit as well as a 3-bed, 2-bath house with an attached garage. The property also includes a long-term commercially leased building, three additional garage spaces, on-site coin laundry, owner/manager living quarters, and commercial housekeeping and laundry equipment. Burlington is experiencing increased activity, with new plants and businesses planned or being developed in the area. This growth may create additional demand for lodging from employees, contractors, vendors, and business travelers in the coming years. The Arrowhead also offers flexibility for the future. A buyer could continue operating the property as a motel, update and reposition the business, or explore other uses such as residential apartments, subject to zoning and required approvals. An additional commercial building may also be negotiated into the sale, providing even more possibilities for the right buyer. Established business. Multiple buildings. Multiple potential uses. One unique opportunity to make the Arrowhead Motel your own.

Property Highlights

Property Type: Commercial - Investment
Days on Market: 1
Fuel Type: Electric, Natural Gas
Garage: 5 car attached
Heating: Forced Air, Other
Home Style: Other
Lot Size: 0.59 Acres
Taxes: $24,890
Year Built: 1967

General Information

County: Des Moines
Subdivision: MATTESON WOODBURN
Listed By:
Brady Heuvelmann Century 21/Property Professionals 319-753-6000

Property Features

Accessibility Features: Other
Additional Structures: Garage(s)
Current Use: Hotel/Motel
Exterior: HardiPlank Type, Vinyl Siding, Wood Siding
Lot Dimensions: n/a - unique
Open Parking Spaces: 75
Parcel #: 11-31-126-003
Parking: Attached, Detached Garage, Concrete, Other, Paved
Possible Use: Income, Motel/Hotel, Professional/Office, Other
Sewer: City Sewer/Connected
SQFT Building Finished: 21691
Units: 33
Utilities: Electric Common, Electric Separate, Heating Common, Heating Separate, Hot Water Common, Hot Water Separate
Water: Public
Sold for 940000
Est. [rp estimate]/mo
MLS#6342635
STATUSClosed PROPERTY TYPECommercial - Investment SUBDIVISIONMATTESON WOODBURN

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About this area

Iowa/Burlington
Burlington

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About Burlington

Burlington, IA is situated near the Mississippi River in Des Moines County and is home to one of the world’s most crooked alleys—Snake Alley. The city is surrounded by a myriad of outdoor recreation, family activities, and dining experiences. It sits in the middle of a metropolitan region with the surrounding areas being West Burlington, Middle Town, and Gulf Port.

Burlington is a rapidly growing city in many different areas. The downtown area is full of shops and places to eat as well as historical homes lining the downtown streets. The city is also home to the famous NFL quarterback Kurt Warner who won two NFL MVP awards. On summer nights you will hear your city’s pride for their semi-pro baseball team—the Burlington Bees—straight from your home’s backyard. Burlington is also home to Iowa’s oldest newspaper, The Hawk Eye. Lastly, the first backhoes rolled off the assembly line at the Burlington Backhoe plant in 1967, which is now the only plant in the United States that produces the Case Loader/Backhoe, giving Burlington the nickname Backhoe Capital of the World.

Homes for sale in Burlington range from riverfront views to new construction neighborhoods. The community is served by the Burlington Community School District, which features many K-12 schools.

If you are ready to start your real estate buying or selling journey, browse the newest homes for sale in Burlington, IA. You can also contact us—we are here to help!

Nearest Ruhl & Ruhl Office: Burlington
403 South Gear Avenue
Suite 105
West Burlington, IA 52655
(563) 441-1776

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