604 N Main Street, Starbuck, MN 56381
sale
$774,900
|
Other
Courtesy Of RE/MAX Results
RARE TURN-KEY RESORT INVESTMENT: PROFITABLE 22-UNIT MOTEL BLOCKS FROM LAKE MINNEWASKA! Seize this incredible opportunity to own a high-income, 22-unit turn-key motel located in the heart of Starbuck, a premier resort destination. This property provides a consistent stream of revenue, operating at full capacity during the peak summer season, and attracting sportsmen and vacationers year-round and health care providers. The motel units including 11 suites, 10 doubles, and 1 handicap room have undergone numerous recent improvements from top to bottom. A spacious, estimated 1600 sq ft Owner's Living Quarters is attached, offering the perfect owner-occupied setup or another potential rental unit. This comfortable, single-family home-style space features four bedrooms, two baths, a family room with a cozy fireplace, an open floor plan with a breakfast bar, and a separate dining area. The location is unbeatable. Lake Minnewaska is just a stone's throw away, and this "little gold mine" is situated within blocks of the Starbuck Beach. Guests and owners alike will appreciate the superb walkability, with bars, restaurants, and a grocery store all within easy reach. This is a wonderful business opportunity with incredible income potential. The Seller is willing to share financial information (Profit & Loss). Financials are available to prospective buyers who sign a Confidentiality and Non-Disclosure Agreement and provide proof of pre-approval or funds. Don't miss this exceptional chance for a stable, high-performing investment in a coveted resort area!
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Property Features
- Age: 31-40 Years Old
- Appliance: Freezer
- Appliance: Dishwasher
- Appliance: Microwave
- Appliance: Refrigerator
- Appliance: Dryer
- Appliance: Range
- Appliance: Washer
- Architecture Style: Other
- Cooling System: Ductless
- Cooling System: Central Air
- Exterior Type: Frame
- Heating System: Baseboard
- Heating System: Forced Air
- Legal Description: SECT-26 TWP-125 RANG-39 LOT 10 BLK 49 STARBUCK CITY, ORIGNAL PLAT LOTS 10, 11 & 12 BLK 49
- MLSID: 7061425
- Roof Type: Asphalt
- Roof Type: Shingle
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