1726 Lake Ave | Storm Lake, IA 50588
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1726 Lake Ave
Storm Lake, IA 50588
Quality Inn Storm Lake · Hospitality Property For Sale · 28,147 SF
Investment Highlights
- 2-story, 60-room, interior corridor brick hotel with a meeting room and indoor swimming pool
- Well located near Buena Vista University, King’s Pointe Waterpark, Harker House, Living Heritage Tree Museum, and a variety of shops and restaurants
- $350M Soybean crushing plant is under construction in Buena Vista County; Buena Vista University to Build New, 185 bed Apartment-Style Housing
- Recent improvements include remodeling the indoor swimming pool area, a recently built meeting room, new water heaters, new guestroom locks and TVs
- New management company and financial controls have resulted in surging revenues and higher profitability
- Absentee owner. Opportunity to increase revenues and profit margins with onsite owner operator;
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 28,147 SF |
| Property Subtype | Hotel | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1997/2004 |
| Lot Size | 2.26 AC | Corridor | Interior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.26 AC |
| Building Size | 28,147 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1997/2004 |
| Corridor | Interior |
Amenities
- Balcony
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 10-34-126-014 | Improvements Assessment | $1,177,460 |
| Land Assessment | $472,430 | Total Assessment | $1,649,890 |
PROPERTY TAXES
Parcel Number
10-34-126-014
Land Assessment
$472,430
Improvements Assessment
$1,177,460
Total Assessment
$1,649,890
zoning
| Zoning Code | C (Commercial) |
| C (Commercial) |
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