1127 Lakeshore DrLake City, MN 55041

For Sale
$2,150,000

Thriving Minnesota motel, 11 keys, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
92
Exceptional investment opportunity awaits with the acquisition of John Hall's Alaska Lodge, a well-established motel situated in the charming lakeside town of Lake City, Minnesota. This 11-key property boasts 9 charming motel units consistently achieving near 100% occupancy during peak summer months, ensuring a strong revenue stream. The property also includes two expansive suites, one serving as an owner's suite and another located on the east end, offering a unique lodge-style experience. These larger units, never previously included in the rental pool, present a flexible option: they can be rented as larger units for nightly or weekly stays, or potentially developed and sold separately as vacation homes. The distinctive A-frame chalet design of these suites adds a touch of elegance and caters to the needs of larger groups or families. The property sits on a substantial 27,442 square foot lot. An existing office lease is currently in place, offering additional income potential. The current owner is open to leasing back a portion or all of the office space. This turnkey hospitality business presents a rare chance to own a profitable and well-maintained motel in a desirable location near Lake Pepin and the Mississippi River. Financial details are available upon request. This is an ideal opportunity for both seasoned investors and aspiring entrepreneurs seeking a unique and rewarding venture in the heart of Minnesota's lake country.

Highlights

  • Nine motel suites, nearly fully occupied during peak season.
  • Two large end-unit suites, available for rental or potential separate sale as vacation homes.
  • Owner may lease back office space.

Location Insight

City
Lake City
County
Goodhue
State
Minnesota
Latitude
44.45754905
Longitude
-92.27901704
1127 Lakeshore Dr, Lake City, Minnesota
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1127 Lakeshore Dr
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