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1726 Lake Ave, Storm Lake,
Iowa 50588

MLS # 814686

$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 University and other major businesses in the community offer exceptional opportunity for partnerships. Gross revenue and NOI exceptional in 2021, as bookings are in 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 two sweets with whirlpool jacuzzi. It is one of only two hotels in Storm Lake that offer the opportunity for pool access. Fitness center overlooks pool area. MAJOR investments have been made into the property over the last two years including but not limited to new breakfast center, 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 of this 60 room property. Boating, fishing for walleye, hiking and bike trails, and enjoying lakeshore views from a variety of parks are all part of what makes Storm Lake a tranquil destination for visitors from all over the region. Financials and reports available on request.

Legal:4-91-37 STORM LAKE CORP WASH PARC NE COR NE NW
Status: Active

Property Information

814686

$1,999,000

1726 Lake Ave

Surrounding Areas/Other Areas

Storm Lake

Buena Vista

IA

Sale

Commercial

2

No

0

0

1

1997

0

0

50588

36702

Listed By

RE/MAX Preferred

Jeff Carlson

PROPERTY LOCATION

MORTGAGE CALCULATOR


Jeff Carlson - Owner/Residential and Commercial - Carlson Group

Jeff Carlson

Owner/Residential and Commercial - Carlson Group

712.635.1763

jeff@carlsongrouprealestate.com

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