Stuart Motor Lodge 203 SW 7th St 21 Room Hotel Stuart, IA 50250 $835,725 CAD ($39,796 CAD/Room) 22.62% Cap Rate

Stuart Motor Lodge is a well-maintained, independent roadside motel offering 20 guestrooms in a balanced mix of 10 single-bed rooms, 10 double-bed rooms, and one handicap-accessible unit. The property was completely renovated in 2014, when it was gutted to the studs and rebuilt with new roof, plumbing, windows, bathrooms, HVAC systems, and fire alarm system. Since then, the owners have continued to complete cosmetic updates to keep the property inviting and functional.
Guests are welcomed by a large lobby and office area, while outside a surface lot with 44 spaces provides ample parking for cars, trucks, and larger vehicles. The motel is efficiently managed with one full-time and one part-time employee, keeping operating costs low. In addition, there is meaningful upside potential: unused storage space could easily be converted to laundry facilities, vending, or even a breakfast/lounge area to enhance guest experience and drive incremental revenue.
Currently operating as an independent, family-owned property, Stuart Motor Lodge has built a loyal customer base that includes repeat travelers, truck drivers, and construction crews who rely on the motel for its convenience and accessibility.
Location Information
The property sits just off Interstate 80, directly between Des Moines and Omaha, benefiting from one of the busiest east–west transportation routes in the country with over 28,000 vehicles per day. Positioned at the corner of Division Street and SW 7th Street, the motel is located directly across from a large Casey’s Truck Stop, which generates a consistent flow of guests.
The area is poised for growth, with one of Iowa’s largest planned truck stops — expected to be among the largest in the Midwest — under development just blocks away. This project will bring extended waves of construction crews in the near term and create a long-term demand driver once complete.
Guests also enjoy immediate access to downtown Stuart and a wide variety of amenities including McDonald’s, Subway, Kum & Go, Wright Pharmacy, Hometown Foods, and Karl Chevrolet. With only two competing lodging options nearby, Stuart Motor Lodge holds a strong position as one of the few accommodations serving this high-traffic corridor.