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102 Elkader Street, Strawberry Point, IA 52076
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$539,900
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Home Details for 102 Elkader Street
Price
$539,900
Type
Commercial/Industrial
Year Build
1902
Sq. Ft.
22443
Lot Size
0.39
County
Clayton
Tax
$7,578.61
MLS®️ Listing#
20243131
On exitrealty.com
391 days
Property Description
I am excited to present a unique opportunity to own The Franklin Hotel, a historical landmark in Strawberry Point since 1902. This property has a rich history of serving travelers and hosting community events. Key highlights of this opportunity: Historical Significance: The Franklin Hotel is listed on the State of Iowa historical registry. Grant Opportunity: Benefit from a \$15,000 grant available yearly. Turnkey Business: The hotel is fully operational, featuring 6 long-stay apartments, 11 hotel rooms, a full kitchen with restaurant, catering services, and separate banquet space's. Multiple Revenue Streams: The property includes a long-term lease in a separate section of the building, providing a stable income source. Included in Purchase: The purchase price covers the building and the business, including the Franklin's established reputation, customer loyalty, and all trade fixtures. Don't miss this chance to acquire a turnkey property with a strong foundation and multiple avenues for revenue.
- Heating Information
- Natural Gas
- Forced Air
- Radiant
- Hot Water
- Utilities
- Electricity Available
- Natural Gas Available
- Water Available
- Sewer Available
- Cooling Information
- Central Air
Listing Courtesy: Cedar Valley Property Solutions-Charles City - 641-228-4262. Presented by: Jason Boyd
Based on information submitted to the MLS GRID as of 2025-07-23 05:36:45. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Market statistics compiled from data from Northeast Iowa Regional Board of Realtors.
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$539,900
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EXIT REALTY UNLIMITED
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