Mixed-use investment opportunity with multiple income streams and value-add potential! The main level features a 7,442 sq ft former movie theater with 162 seats, flanked by two vacant retail storefronts ready for lease-up or owner-occupancy. Existing theater projection and sound equipment are in place (untested), offering a unique redevelopment or entertainment concept opportunity. Above the theater, eight furnished hotel-style rooms each offer private baths, mini-split heating and cooling, and internet access. Currently 6 of 8 rooms are rented at $825/month, providing immediate income with upside through full occupancy. Additional highlights include free city parking conveniently located across the street and flexible space configurations ideal for a variety of commercial uses. With vacant retail spaces and underutilized theater potential, this property presents a strong opportunity for investors seeking to increase cash flow and maximize returns.
- Parking:
- None
- Sewer:
- City Sewer/Connected
- Utilities:
- Electric Common, Heating Common, Hot Water Common
- Architectural Style:
- Mixed Use
- Country:
- US
- State:
- IA
- County:
- Union
- City:
- Creston
- Zipcode:
- 50801
- Street:
- Adams
- Street Number:
- 309
- Street Suffix:
- Street
- Directions:
- From Hwy 25 go east on W Adams St.
- Street Dir Prefix:
- W
- Agent First Name:
- Kiki Scarberry
- Office Name:
- Our Town Realty, LLC
- List Office MLSID:
- 27916
- Association Fee:
- $0
- Sold Price:
- $0
- Original List Price:
- $0
- Prior List Price:
- $0
- List Price Low:
- $0
- List Price High:
- $0
- Insurance Fee:
- $0
- Percent Price Difference:
- $0
- Search Price:
- $0
- Gross Income:
- $0
- NetIncome:
- $0
- Expense Insurance:
- $0
- Gross Taxes:
- $0
- Tax With Assessments:
- $0
- Net Taxes:
- $0
- Lot Size Dimensions:
- 47X120
- Number Of Units Total:
- 8
- Possible Use:
- Other
- Previous Price:
- 220000
- Water Source:
- Public
- Accessibility Features:
- None
- Construction Materials:
- Stucco, Wood Siding
- Current Use:
- Hotel/Motel
- Tax Annual Amount:
- 4102
- List Agent Mls Id:
- 219569
- List Office Mls Id:
- 27916
- Mls Status:
- Active
- Modification Timestamp:
- 2026-04-16T01:01:40Z
- Originating System Name:
- NoCoast
Commercial Sale
309 W Adams Street, Creston, Iowa 50801
- Listing Status :
- Active
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Listing ID :
- 6337252
- Price :
- $220,000
- Lot Area :
- 0.13 Acre
- Year Built :
- 1900
