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1208 Elm Ave Waseca, MN 56093

For Sale
$650,000

Prime Waseca investment: Motel, home, lake views.

Property size:
1,616 SF

Description

Added:
Feb 3, 2025
Days on Market:
306
This exceptional Waseca, Minnesota property presents a unique investment opportunity. The offering encompasses a thriving 5-unit extended-stay motel and a charming 3-bedroom home, all situated on a spacious 2.7-acre lot boasting stunning Clear Lake views. The motel, a consistently profitable business, features remodeled rooms including three efficiency units and two one-bedroom units, each with a private patio. On-site laundry facilities add to the convenience. The motel enjoys a high occupancy rate with a mix of regular and seasonal clientele, all under month-to-month agreements. The accompanying home showcases attractive architectural details such as curved archways and a stacked stone fireplace, complemented by updated kitchen and bathrooms, hardwood floors, and built-in hutches. A large, heated two-car garage provides ample storage. The expansive lot offers significant potential for expansion, with the addition of further amenities or rental units. A second curb cut on Elm Avenue enhances accessibility. Located in the picturesque town of Waseca, the property is conveniently close to numerous lakes, camping areas, and biking trails. Meticulously maintained, this turnkey operation is poised for immediate success, offering a substantial return on investment with the potential for the business to cover mortgage payments. This is a rare chance to acquire a profitable, established business with significant upside potential in a desirable location.

Property Features for 1208 Elm Ave

General Information

Property type
Other commercial real estate
Square Feet
1,616 SF
Lot Size
117,612 SF

Building Details

Year Built
1960

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Waseca
County
Waseca
State
Minnesota
Longitude
-93.48921
Latitude
44.07646

FAQs

What type of property is this?
Commercial real estate - Prime Waseca investment: Motel, home, lake views.
Where is this commercial real estate located?
The property is located at 1208 Elm Ave Waseca, MN.
What is the asking price?
The asking price for this property is $650,000.
More about this property
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