1726 Lake Ave, Storm Lake,
IA 50588

MLS # 211006

$1,999,000

  • N/A
  • N/A
  • N/A
  • Accepted Offer

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
Status: Accepted Offer

Property Information

211006

$1,999,000

Sale

Commercial

COMMERCIAL

1726 Lake Ave

Storm Lake

IA

50588

0

0

0

0

0

36702

2020

1997

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

RE/MAX Lakes Realty

Licensed in Iowa and Minnesota. Each Office Independently Owned and Operated

712.336.4967

info@sellboji.com

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COMMUNITY

Dickinson County Courthouse

Dickinson County Courthouse in Spirit Lake

Located at the corner of Hill Ave and 18th St(Hwy 9/71), the County Courthouse offices the following: Auditor, Assessor, Board of Supervisors, Conservation, Community Services, County Attorney, Emergency Mgt, E-911 Administrator, County Engineer, IT/GIS, Recorder, Sheriff Dept, Trails, Treasurer, Veterain’s Affairs, Weed Commissioner, Zoning and Environment Health.

The current courthouse was built in 2005-2007 on the same site as the old courthouse was located. In fact, some of the bricks used on the exterior of the new courthouse came from the old courthouse.

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Midwest Modern

Midwest Modern in Spirit Lake

Midwest Modern is the lakes area's ultimate destination for quality furniture, room decor, and interior design. Their mission is to help shoppers create spaces that feel comfortable, effortless, and authentic to who you are. Visit their showroom in Spirit Lake to shop beautiful furniture for every room, designer fabrics and flooring, quality rugs and textiles, modern lighting, home gifts, plants and more. They also deliver!

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Elinor Bedell State Park

Elinor Bedell State Park in Spirit Lake

Elinor Bedell State Park

located on 80 acres of land this property was gifted by former U.S. Congressman Berkley Bedell and his wife Elinor. Berkley was also the original business man who began the Berkley Fishing company which started in Spirit Lake and was taken world-wide.

The park offers prairie and wetland areas to navigate, with miles of trails, a campground, playground equipment, a shelter overlooking the lake and more.

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