Skip main navigation
Active
  • Price cut: $100K (7/16)
    $675,000

    100 5th St, Adair, IA 50002

    --beds
    0baths
    6,962sqft
    : 
    $4,961/mo
    Get pre-qualified
    Multi Family
    Built in 1969
    -- sqft lot
    $-- Zestimate®
    $97/sqft
    $-- HOA

    What's special

    Significant visibility and accessibilityEquipped with essential amenitiesStrategic location
    The Budget Inn 34-unit motel, conveniently located just off Exit 75 of Interstate 80, is perfectly positioned in a high-traffic area that benefits from significant visibility and accessibility. The surrounding environment is vibrant, filled with various businesses, restaurants, and services that cater to travelers and locals alike, making it an ideal spot for a motel. ### Key Features - **Well-Maintained Property**: The motel is in excellent condition, showcasing a commitment to upkeep and cleanliness. Each unit is designed for comfort, equipped with essential amenities to ensure a pleasant stay for guests. - **Operational Ready**: The sale includes all necessary furnishings, equipment, and systems to run the motel efficiently. This means new owners can step in without the need for major investments or renovations. - **Growth Potential**: With its strategic location and the surrounding business activity, there is substantial potential for growth. Opportunities may include: - **Enhanced Marketing**: Targeting business travelers, tourists, and local events. - **Partnerships**: Collaborating with nearby businesses for referral programs or package deals. No guarantee contained information is completely accurate. Any potential buyer should verify the information contained in this description ..
    49 days
    |
    132
    |
    3
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Charles B Thomas 712-542-6325,

    Thomas Realty

    Source: NoCoast MLS as distributed by MLS GRID,MLS#: 6339231MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bathrooms: 0
      Heating
      • Baseboard
      Features
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total interior livable area: 6,962 sqft

      Property

      Accessibility
      • Accessibility features: Other
      Features
      • Stories: 2
      Lot
      • Size: 1.41 Acres
      • Dimensions: 278 x 221
      Details
      • Parcel number: 0103301001

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Other
      • Property subtype: Multi Family
      Materials
      • Vinyl Siding
      Condition
      • Year built: 1969

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Adair

      Financial & listing details

      • Price per square foot: $97/sqft
      • Tax assessed value: $489,258
      • Annual tax amount: $18,060
      • Date on market: 6/10/2026
      • Cumulative days on market: 50 days
      Charles Thomas

      (712) 310-5505

      By pressing Contact Agent, you agree that the real estate professional identified above may call/text you about your search, which may involve use of automated means and pre-recorded/artificial voices. You don't need to consent as a condition of buying any property, goods, or services. Message/data rates may apply. You also agree to our Terms of Use. Zillow does not endorse any real estate professionals. We may share information about your recent and future site activity with your agent to help them understand what you're looking for in a home.

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $945/mo

        Price history

        DateEventPrice
        7/16/2026Price change$675,000-12.9%$97/sqft
        Source: NoCoast MLS as distributed by MLS GRID #6339231 Report a problem
        6/10/2026Listed for sale$775,000$111/sqft
        Source: NoCoast MLS as distributed by MLS GRID #6339231 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2017$15,562 $489,258
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 50002

        Getting around

        33 / 100
        Car-Dependent
        32 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating