1127 Lakeshore Dr Lake City, MN 55041

Property Details for 1127 Lakeshore Dr

Property type

Motels

Description

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.