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2518 Mount Pleasant Street, Burlington, IA 52601

$825,000
  • 2518 Mount Pleasant Street, Burlington, IA 52601 Main Photo

17 Photos

New to the Market Active
MLS#6342635
STATUS PROPERTY TYPECommercial - Investment SUBDIVISIONMATTESON WOODBURN

Property 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.

2518 Mount Pleasant Street | MLS# 6342635

This commercial property located at 2518 Mount Pleasant Street, Burlington, IA 52601 is currently listed for sale with an asking price of $825,000. Search Burlington real estate on www.trophypa.com today.

Property Features

Property Type: Commercial - Investment
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

Feature Descriptions

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

Listed By / Shown

Listed By

Agency Name: Century 21/Property Professionals
Agency Phone: 319-753-6000

Shown By

Agency Title: Trophy Properties & Auction
Agency Phone: (855) 573-5263

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