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Description

Located along East 10th Street near I-229, this property is surrounded by high-traffic neighbors including QDOBA Mexican Eats, Taco Bell, Hy-Vee, Starbucks, Silverstar Car Wash, and Austad's Golf. The 26-room property plus manager’s apartment sits on a .74-acre lot (32,234 SF) and features rent rolls of $600–$850 per room and $1,850 for the apartment. With 4 rooms currently vacant, the projected 2024 EBITDA is $159,000, offering strong income potential in a prime location.

Listing Details

  • Cap Rate

    16%

  • Space Type

    mixed-use

  • Sub Category

    mixed-use-hospitality / mixed-use-retail

  • Date Listed

    3/26/2026

  • Parking Info

    27 spaces

Property Specifics

  • Property Name

    The Rushmore Extended Stay

  • Year Built

    1950

  • Building Size

    12,554 SF

  • Lot Size

    0.74 Ac

  • Zoning

    Commercial

  • Occupancy

    90%