1208 Elm Ave Waseca, MN 56093

Property Details for 1208 Elm Ave

Year built

1960

Lot size

2.70 lot acres

Property size

1,616 SF

Property type

Commercial real estate

Description

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.

Location Insight

City

Waseca

County

Waseca

State

Minnesota

Longitude

-93.4892

Latitude

44.0765