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1726 Lake Ave

Storm Lake, IA 50588
  • $1,999,000
  • STATUS: Active
  • ON SITE: 134 Days
  • MLS #: 211006
UPDATED: 40 min ago
$1,999,000
  • 0
    BEDS
  • 2.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1997
County:
Area:

School Ratings & Info

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.

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www.integrityiowa.com/homes/121209617
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1726 Lake Ave Storm Lake, IA 50588

  • Price: $1,999,000
  • Status: Active
  • On Site: 134 Days
  • Updated: 40 min ago
  • MLS #: 211006
0
Beds
0
Baths
0
½ Baths
2.3
Acres
1997
Built
County:
Buena Vista
Area:
Storm Lake
Property 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.
Exterior Features

Construction Materials Other Exterior Features High Traffic LocationHigh VisibilityHighway Access Roof Metal

Interior Features

Cooling Central Interior Features Elevator(S)Fire AlarmKitchen AreaRestroomsSecurity SystemSmoke DetectorSprinkler System

Property Features

Construction Other(See Rmks) Current Use Hotel/Motel Flood Zone No Fuel ElectricNatural Gas Heating Forced Air Land Size Sqft 100144 Legal 34-91-37 STORM LAKE CORP WASH PARC NE COR NE NW Listing Type Exclusive Agency Parking Features AssignedDriveway-Concrete Property Attached No Road Frontage Type City StreetHighway Sale Includes BuildingBusinessFixture/Equipment Sewer Public Sewer Tax Classification Commercial Terms CashConventional Type Commercial Water Source Public/City Waterfront No

 
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Integrity Real Estate
584 HWY 71 S, Suite D
Arnolds Park IA, 51331