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Best Western La Grande Hacienda 1401 N 2nd St 55 Room Hotel Cherokee, IA 51012 $3,784,590 CAD ($68,811 CAD/Room)

Hotels Iowa Cherokee 1401 N 2nd St, Cherokee, IA 51012

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Investment Highlights

  • DEX 3.0 Signed off in 2025
  • New Roof in 2023
  • All New TV, New Mattresses in 2025

Executive Summary

Best Western in Excellent Location, This is part of a 2 Hotel Sale, the Other Being Days Inn Fort Dodge IA. Owners/Operators live out of State. A hands on local operator will know what the benefits of buying such assets are

Property Facts

Price $3,784,590 CAD Building Size 32,113 SF
Price Per Room $68,811 CAD No. Rooms 55
Sale Type Investment No. Stories 2
Sale Condition Business Value Included Year Built/Renovated 1976/2018
Property Type Hospitality Parking Ratio 2.34/1,000 SF
Property Subtype
Hotel
Corridor Interior
Building Class B Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size 3.07 AC
Zoning C
Price $3,784,590 CAD
Price Per Room $68,811 CAD
Sale Type Investment
Sale Condition Business Value Included
Property Type Hospitality
Property Subtype
Hotel
Building Class B
Lot Size 3.07 AC
Building Size 32,113 SF
No. Rooms 55
No. Stories 2
Year Built/Renovated 1976/2018
Parking Ratio 2.34/1,000 SF
Corridor Interior
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning C

Amenities

  • Business Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free

About 1401 N 2ND ST , CHEROKEE, IA 51012

Property is in Excellent Condition, 2025 revenues were $1M+, 2026 revenues are on lower side, Property usually does 850k to 900k a year on an average .BW PIP signed off in 2025. New Roof in 2023, New TVs in 2025, ALL new Mattress in 2025 with 10 yr Warranty,bought from BW Supply. Needs a Local Operator now. Sellers live in CA,time to sell and hand charge to new Owners. This is one of the 2 properties in the package deal, the other one is Days Inn Fort Dodge,IA. Buyer needs to buy and close both escrows at the same time. BROKERS WELCOME This is a FOR SALE BY OWNER Listing by Mehul B Raja, CA BRE # 01845816.

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 55 $109.33 CAD -
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Source: Local Logic®

Property Taxes

Parcel Number 7-22-451-010 Improvements Assessment $2,022,247 CAD
Land Assessment $180,441 CAD Total Assessment $2,202,687 CAD

Property Taxes

Parcel Number
7-22-451-010
Land Assessment
$180,441 CAD
Improvements Assessment
$2,022,247 CAD
Total Assessment
$2,202,687 CAD
(562) 412-0799

Still interested?

Contact the broker for more information about this property

Contact

  • Mike Raja
    Mike Raja
  • Pioneer Realty & Finance

  • Listing ID: 41514185

  • Date on Market: 2026-08-01

  • Last Updated:

  • Address: 1401 N 2nd St, Cherokee, IA 51012

The Hospitality Property at 1401 N 2nd St, Cherokee, IA 51012 is currently available for Sale. Contact Pioneer Realty & Finance for more information.

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Best Western La Grande Hacienda | 1401 N 2nd St
(562) 412-0799 x

Best Western La Grande Hacienda | 1401 N 2nd St

Mike Raja
(562) 412-0799

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