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%

