1726 Lake Ave, Storm Lake,
IA 50588

MLS # 211006

$1,999,000

  • N/A
  • N/A
  • N/A
  • Active

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: Active

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

712.336.4967

info@sellboji.com

Ask About this Property #211006

share


COMMUNITY

First Lutheran Church- Three Cross Roads

First Lutheran Church- Three Cross Roads in Milford

First Lutheran Church
Three Cross Road- West Okoboji
1525 Three Cross Road
Milford, IA 51351

Services
Winter
Saturday at 5:30 p.m.
Sunday at 8:30 a.m. and 11 a.m.

Summer
Saturday at 5:30 p.m.
Sunday at 8:30 a.m.- OUTDOOR WORSHIP
and at 9:30 a.m.

Real Estate and MLS Homes For Sale in Milford Find more about Milford

Calvary United Methodist Church of Arnolds Park

Calvary United Methodist Church of Arnolds Park in Arnolds Park

Calvary United Methodist Church of Arnolds Park
679 W Okoboji Dr
Arnolds Park, IA 51331

Services
Saturday at 6 p.m.
Sunday at 9 a.m.
Summer- Memorial Day to Labor Day at 7:30 a.m. boat up/drive up service. At the bridge between East and West Okoboji Lakes.

Real Estate and MLS Homes For Sale in Arnolds Park Find more about Arnolds Park

Okoboji Store

Okoboji Store in Okoboji

Bringing back the old Okoboji general store from 1884, the Okoboji Store has made a huge name for itself since it opened in 2015. The Okoboji Store is nearly always busy, thanks to their amazing food and drinks. They serve breakfast, lunch, and dinner, during the summer and fall. The restaurant also hosts some of the areas best live musicians, which is always a great time. But, the best part of the Okoboji Store is of course, the view of the lake. Its beautiful location is sure to keep anyone coming back for more.

Real Estate and MLS Homes For Sale in Okoboji Find more about Okoboji

NEWSLETTER