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, a full bar, and a separate banquet space. 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.
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0BEDS
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0.39ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
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, a full bar, and a separate banquet space. 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.
Listings courtesy of Northeast Iowa Regional Board of REALTORS as distributed by MLS GRID. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MLS GRID or Vine Valley Real Estate. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by Northeast Iowa Regional Board of REALTOR and may be amended from time to time.
Based on information submitted to the MLS GRID as of 2025-07-09T23:41:58.827 (date and time MLS GRID Data was obtained).
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