Storm Lake, IA Homes for Sale in 50588 and Real Estate MLS # 211006
$1,999,000
N/A
N/A
N/A
Closed
Closed
General Description
The Quality Inn is surrounded by retail, restaurants, and all the recreational amenities Storm Lake has to offer. The hotel's close proximity to Buena Vista Univ and other major businesses in the community offer exceptional opportunity for partnerships. Gross revenue and NOI exceptional in 2021. Solid demand. Kings Point Water Park and the lake itself have elevated overall tourism to the region. The Quality Inn benefits greatly from these visitors, including spikes in summer travel. The hotel dons a pool with two suites. It is one of only two hotels in Storm Lake that offer the opportunity for pool access. MAJOR investments made including but not limited to new beds/furniture, carpet, and a new roof in 2021. All investments and upgrades required to meet Quality Inn franchise standards have been met. Take advantage of Iowa's low hotel transfer rate. The convenient location near HWY 71 offers even more marketability. Financials and reports available on request.
Legal: 34-91-37 STORM LAKE CORP WASH PARC NE COR NE NW
Sold Price: $1,757,272 Sold Date: 06/27/2022 Status: Closed
Property Information
211006
$1,999,000
Sale
Commercial
COMMERCIAL
1726 Lake Ave
Storm Lake
IA
50588
$1,757,272
36702
2020
1997
Utilities
No
LISTED BY
RE/MAX Experience, Jeff Carlson
PROPERTY LOCATION
MORTGAGE CALCULATOR
RE/MAX Lakes Realty
Licensed in Iowa and Minnesota. Each Office Independently Owned and Operated
Minervas is located in the Arrowwood Resort in Okoboji. Their menu offers a little of everything! From classic pastas and aged steaks to seafood everyone will leave satisfied. They offer a great "Pick Two" option for lunch and the atmosphere is excellent. They also do a pasta night that seems to be a staple in the community. Getting to pick your sauce and everything that goes into your pasta which is then made right in front of you is certainly a treat for the whole family!
The Hutt may be a newer restaurant in the Lakes area, but they bring a big presence with them. A former owner of the Dry Dock, is the new owner of The Hutt. She has made this restaurant a great attraction to locals and tourists, being open year round. Having traditional american food means The Hutt is appealing to all! Don't miss out on their tasty breakfast during the summer, and their bloody mary's!
One of a kind Authentic Mexican Cuisine right here in West Okoboji! A local favorite and rated five stars by visitors young and old. Be sure to put this as a favorite on your list of places to not miss when you are vacationing in the Lakes area. Close to Terrace Park so if you are feeling up for a small walk you may walk from Terrace Park to the Taco House.
The newsletter is sent periodically and will update you on the latest real estate news
and offers.
Disclaimer
SellBoji.com provides these links as a convenience, and in no way represents the Beacon Site or its data. These links are based on the parcel ID input by the respective MLS member, and on occassion, there may be more than one Parcel ID for each listing. If the Parcel ID is incorrect, or if there are more than one Parcel ID, then webpage displayed may be incorrect or inaccurate. User is advised to contact at info@sellboji.com to help verify any information found herein.
Sign In
Sign in to your account to continue.
Create Account for Listing Alerts
Easily save your search criteria to get notified of new listings and price changes.
Password Recovery
If you've forgotten password of your account, Please enter your email
address. We will send new password to your email address.
Disclaimer
SellBoji.com and RE/MAX Lakes Realty provides these covenants/bylaws/horizontal propoerty regime declarations as a convenience, and in no way guarantees the accuracy of these documents, and in no way represents that these documents are up to date and/or legally binding. It is the responsibility of any potential buyer, seller, investor, and/or real estate agent to contact any association contact and/or the Dickinson County recorder's office in order to satisfy themselves as to the very latest available documents.
These documents are the property of SellBoji.com and RE/MAX Lakes Realty. The downloading of these documents for use by any other Real Estate Agency is strictly prohibited.