Home / 1726 Lake Ave Storm Lake, IA 50588

1726 Lake Ave IA, 50588

Price $1,999,000
Status Active
MLS# 211006
Baths N/A
Beds N/A
Type Commercial
Style
Stories
Year Built 1997

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

PROPERTY INFORMATION

  • 211006 MLS #
  • $1,999,000 List Price
  • Sale Category
  • Commercial Sub Type
  • COMMERCIAL Property Type
  • 1726 Lake Ave Address
  • Storm Lake City
  • IA State
  • 50588 Postal Code
  • 0 Bedrooms
  • 0 Bathrooms
  • 0 SQFT
  • 0 Garage Stalls
  • 0 Feet of Waterfront
  • 36702 Taxes
  • 2020 Tax Year
  • 1997 Year Built

LISTED BY

  • RE/MAX Preferred Office
  • Jeff Carlson Agent

ASK A QUESTION

Liz Sandy
712.330.1386

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Loan Amount : $1599200
Monthly Payment : $9588.01

Property location

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1726 Lake Ave (MLS # 211006) is a property located in Storm Lake, IA. MLS# 211006 is a Commercial which has N/A bedrooms, N/A bathrooms, is N/A sqft and listed with a price $1,999,000 on SellBoji.com. 1726 Lake Ave is situated in the area of the Iowa Great Lakes located in Northwest IA. Find detailed information about 1726 Lake Ave, Storm Lake, IA 50588 including interior & exterior features, photos, as well as community and market stats for Storm Lake, IA. Contact Liz Sandy at 712.330.1386 to receive personalized Storm Lake, IA real estate service. He will provide you information and key facts based on years of knowledge and experience, about 1726 Lake Ave, Storm Lake, IA 50588. Liz Sandy will also provide you with a comparative market analysis (CMA) for similar homes for Sale in Storm Lake, IA. Explore 0 more homes for Sale in Storm Lake as well as 0 more properties for Sale in 50588 using SellBoji.com MLS Search of off lake homes for East Lake, West Lake, and Big Spirit Lake..