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

info@sellboji.com

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COMMUNITY

The Three Sons

The Three Sons in Milford

Founded in 1960, the Three Sons has been a staple of Milford, IA retail. From Herman and Emil Richter, owners, was born the University of Okoboji, a ficticious university that calls the entire Iowa Great Lakes the campus of the U of O. Part of the experience of shopping the three sons, if walking the old battered floors, and taking a trip upstairs for half price, plus a buck. Brands you would expect in Milford Iowa are abundant, such as Patagonia, Oakley, Under Armour, Tommy Bahama, and more. There are currently 2 other stores; one at the amusement park, and another near the Regal Beagle called the bridge store. No self-respecting visitor to Okoboji leaves without visiting one of their stores.

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

Good News Community Church

Good News Community Church in Okoboji

Good News Community Church
1010 Julia Street
Okoboji, IA 51355

Services
Sunday at 9 a.m. and 10:45 a.m.

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

Beach Street Boutique

Beach Street Boutique in Arnolds Park

Arnolds Park Boutique offering beautiful clothing that is reasonably priced, and unique. They have a variety of sizes - beautiful clothes and accessories!

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

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