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 Preferred, Jeff Carlson
PROPERTY LOCATION
MORTGAGE CALCULATOR
RE/MAX Lakes Realty
Licensed in Iowa and Minnesota. Each Office Independently Owned and Operated
The Central Emporium is the best variety of shops and attractions, all under one roof! This location features shops for swimsuits, sweatshirts, jewelry, decorations for your home and some things that are just for fun. Find sweet treats at the candy store, enjoy a lakeside lunch or cocktail at the lower level patio bar, or have dinner with an amazing view of West Lake. Make sure to stop at the Central Emporium on your next Okoboji summer vacation.
West Boutique located at Okoboji Boat Works Marina carries all of the latest fashions for women of all ages and sizes.
Available brands: Free People, Anama, Velvet Heart, KUT Denim, Articles of Society, Grace in LA, Lush, Willow & Clay, Pink Martini, Pixie Mood, and more!
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.