MASON CITY | The American Best Inn & Suites motel will soon be on the market.
Brett Schoneman, the realtor for the motel — located at 24 Fifth St. SW — said it will be listed at $499,000 sometime early next week. He said custom signs are currently being made for the property, which take a bit of time when commercial land is involved.
The price for the 46-room motel was based on regular property analysis in the area, he added.
"We're looking at selling it or hopefully some else comes in, tears it down and uses the land," Schoneman told the Globe Gazette Thursday.
The motel closed last year after a Cerro Gordo County Health Department inspection report revealed a lengthy list of violations.
Lorna Huffman Acker, 42, of Britt, said she and her husband used to manage the motel from 2009-14. She added she has been in contact with the owners about its status, but declined naming who they were.
The Globe Gazette previously reported that one of the motel's owners is Dr. Umashankar Subramaniam. Subramaniam, who works in pediatrics at Mercy Medical Center in Mason City, could not be reached for comment by email Thursday.
Acker said she hopes the motel can be saved, or that the land be used in an effective manner.
"We hate to see what happened," she said of the motel closing. "My husband and I worked really hard to make that a good place."
"The structure itself is in great shape," Acker added. "But they'd have to re-gut everything to get it up to code."
Schoneman said he has been involved with the property for several years, and helped remove carpeting from the building following the city's major flood in 2008.
One of the challenges in trying to rehab the motel is it sits in a medium-risk floodplain, he added.
"The floodplain puts regulations on the property," he said. "We've debated what we should do with it ... and we've kind of had our hands tied from putting money into it."
He added, however, that if ballot items concerning the River City Renaissance Project pass this November, whoever buys the motel/land could benefit.
"If the multipurpose center goes through ... there will be heightened interest in development downtown, and hopefully this can be a part of it."