Investment Opportunity!!! Don't let this one pass you by. 34 room motel. This motel has 15 long term rentals with 19 short term/overnight rentals. The property sits on 3.60 acres of land on the edge of Postville. Features of the property include a care takers apartment, guest laundry, Updates include : a metal roof new aprox 8 yr. Most rooms have been renovated to include new heat/cooling units, electrical, all lower level rooms added in the last 6 years. Common areas to include kitchen and laundry facitlity. Warehouse/shed 56' x36' metal shed sits to the rear of this property. Books open to qualified buyers
For sale
Price cut: $45K (4/23)
$650,000
12458 Highway 18, Postville, IA 52162
--beds
--baths
8,463sqft
Est.:
MultiFamily
Built in 1954
-- sqft lot
$-- Zestimate®
$77/sqft
$-- HOA
What's special
Common areasMetal roofCare takers apartmentGuest laundry
- 45 days
- on Zillow |
- 261 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: April 25, 2025 at 04:01am
Listed by:
Lisa Wescott 563-380-9228,
Homestead Realty, LLC
Source: Northeast Iowa Regional BOR,MLS#: 20250972

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Cooling
- Wall Unit(s)
Appliances
- Laundry: 1st Floor
Features
- Basement: Block
Interior area
- Total structure area: 8,463
- Total interior livable area: 8,463 sqft
- Finished area above ground: 6,523
- Finished area below ground: 1,940
Property
Parking
- Total spaces: 30
- Parking features: Parking Pad, None
- Uncovered spaces: 30
Lot
- Size: 3.6 Acres
Details
- Parcel number: 3904131001
- Zoning: C
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Roof: Membrane,Metal
Condition
- Year built: 1954
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Other
Community & HOA
Location
- Region: Postville
Financial & listing details
- Price per square foot: $77/sqft
- Tax assessed value: $330,000
- Annual tax amount: $8,494
- Date on market: 3/12/2025
- Lease term: Month To Month
- Tenant pays: None
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