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1212-1214 S Shore Drive

Clear Lake, IA 50428
  • $950,000
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: 688740
UPDATED: 47 min ago
$950,000
  • 0
    BEDS
  • 1.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1953
County:
Area:

School Ratings & Info

School District:

Description

Check out this rare investment opportunity in Clear Lake, IA! This 1-acre property is home to a well-established hotel perfectly positioned to attract both locals and travelers alike. Nestled near the edge of town, its prime location is just steps from lake access. The property features a 17 room hotel with comfortable, spacious rooms and two income producing apartments. There are several upgrades and renovations completed, including electrical, equipment and new roof. Whether you're a seasoned investor or looking to embark on a new business venture, this property offers diverse income streams and opportunities. Note: The neighboring property is owned by the seller as well and is listed for sale to grow this investment to a 2.4 acre lot including the hotel, apartment units, restaurant and vacant land that presents additional opportunities for producing income. Don't miss out on the chance to own this established asset in one of Iowa's few lake communities.

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© 2024 Des Moines Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Pennie Carroll & Associates. Data last updated: 2024-02-28T00:22:30.643.
www.penniecarroll.com/homes/147223368
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1212-1214 S Shore Drive Clear Lake, IA 50428

  • Price: $950,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 47 min ago
  • MLS #: 688740
0
Beds
0
Baths
0
½ Baths
1.07
Acres
1953
Built
Neighborhood:
Clear Lake
County:
Cerro Gordo
Area:
Clear Lake
School District:
Clear Lake
Property Description
Check out this rare investment opportunity in Clear Lake, IA! This 1-acre property is home to a well-established hotel perfectly positioned to attract both locals and travelers alike. Nestled near the edge of town, its prime location is just steps from lake access. The property features a 17 room hotel with comfortable, spacious rooms and two income producing apartments. There are several upgrades and renovations completed, including electrical, equipment and new roof. Whether you're a seasoned investor or looking to embark on a new business venture, this property offers diverse income streams and opportunities. Note: The neighboring property is owned by the seller as well and is listed for sale to grow this investment to a 2.4 acre lot including the hotel, apartment units, restaurant and vacant land that presents additional opportunities for producing income. Don't miss out on the chance to own this established asset in one of Iowa's few lake communities.
Exterior Features

Construction Materials Brick Block Frame Metal Siding Vinyl Siding Foundation Details Block Road Surface Type Concrete Roof Asphalt Shingle

Interior Features

Cooling Central Air Cooling YN Yes Heating Forced Air Gas Natural Gas Heating YN Yes

Property Features

Lease Considered YN No Listing Terms Cash Conventional Sewer Public Sewer Tax Annual Amount 9404 Utilities Electricity Available Water Source Public Zoning C

Listing provided courtesy of VIA Group, REALTORS: (515) 661-2818. © 2024 Des Moines Multiple Listing Service.
© 2024 Des Moines Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or Pennie Carroll & Associates. Data last updated: 2024-02-28T00:22:30.643.
 
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Pennie Carroll & Associates
3232 Hubbell Ave
Des Moines IA, 50317