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Have you been looking for a new business opportunity? This 10 unit motel is now for sale! The motel features 10 units currently, 7 of which are 1BR/1BA and 3 that are 2BR/1BA. Current nightly rates are $60 and $70 respectively. Several of the rooms feature newer tiled zero entry showers. Some have newer flooring. There is a central lobby where a simple breakfast is provided to the guests. Behind the motel there are living quarters for the Owner/Manager that also comes with one stall garage on the N end of the motel. This motel is located on a very busy street with great exposure. There is SOO much untapped potential for this business! Lots of opportunity to fix up and rent as apartments, motel, or Air BNB.

Property Details of 402 N Lake Street

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Listed by Marisa Koppen of Realty ONE Group Black Diamond

 "Based on information submitted to North Central Iowa Regional MLS as of December 5, 2022 6:42 AM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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