Comfort Inn & Suites Coralville

214 9th St, Coralville, IA 52241

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Franchise
Choice Hotels
Room Count
62
Year Built
1992
Lot Size
1.04 Acres
Key Highlights
Fee simple interest in the recently renovated, 62-unit, three-story Comfort Inn & Suites located in Coralville, Iowa a suburb of Iowa City
A+ location, conveniently located off I-80 just two miles from the University of Iowa & walking distance to many retail stores and restaurants
Subject property was recently renovated and is offered with minimal PIP for a new investor | Elevators were modernized in 2023/2024
2024 Gross revenues are expected to achieve nearly $1,100,000 | 2025 gross revenues are expected to achieve $1,100,000+
University of Iowa (2 miles), over 33,000 undergraduate and graduate students enrolled and offers over 200 areas of study | University of Iowa is part of the “ Big Ten” football conference and nearly sells out every home game at a high Average Daily Rate
University of Iowa Health Care Medical Center (2.4 miles) 811- bed, public teaching hospital ranked as Best Hospital in the State (2024)
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Comfort Inn & Suites Coralville
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The information contained on this website is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap (including Marcus & Millichap Real Estate Investment Services, Inc. and its affiliated entities and subsidiaries) and distribution to any other person or entity without the express written consent of Marcus & Millichap is strictly prohibited for a period of one calendar year (12-months) immediately following the date of this agreement. This website provides summary, unverified information to prospective purchasers, and has been prepared to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. Marcus & Millichap has not made any investigation, and makes no representation or warranty, that the information on this website has not changed since it was originally prepared and posted. The information contained on this website has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

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Contact an Agent

Jon Ruzicka
Iowa Broker of Record
Minneapolis Office
1601 Utica Avenue South, Suite 301 Minneapolis, MN 55416
IA-B63379000
Marcus & Millichap Real Estate Investment Services of Chicago, Inc., a California Corporation
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