1208 E Elm Avenue, Waseca, MN 56093

Sold: 500000
Sold on: Oct 31st, 2025
Sold: 500000
Sold on: Oct 31st, 2025
MLS#6562908
STATUSClosed PROPERTY TYPECommercial - Business SCHOOLWaseca


Property Description

DRASTIC PRICE DROP! Seller has slashed to rock-bottom pricing on this rare turn-key 5 unit short term rental property plus single family home. NOW PRICED FOR IMMEDIATE SALE! FAST CLOSING! Whether you're an investor looking to capitalize on the growing tourism market or a family seeking a lifestyle change, this property offers a rare opportunity to blend business with pleasure. Welcome to Lodging at Lake Aire with incredible views of Clear Lake. Thriving business nestled in a serene setting offering both comfort and potential for growth. 3 bed home + 5 short term rental units + 2.7 acres + lake views = ENDLESS POSSIBILITIES! The charming home provides a cozy retreat for residents or a manager's quarters, while the 5-unit short term rental caters to a steady flow of guests who appreciate the tranquility and beauty of the area. Rentals have remodeled rooms and includes 3 efficiency, 2 one bedroom, on site laundry and private patios for each room. The charming main home features curved archways, stacked stone fireplace, updated kitchen & baths, hardwood floors, built in hutches and an oversized heated 2 car garage. Imagine the possibilities: expand the lodging options, create outdoor recreational spaces, or develop a community hub that draws visitors year-round. There is plenty of land to potentially add additional amenities or rentals & includes a 2nd curb cut off Elm Ave. With its established clientele and prime location, Lodging at Lake Aire is ready to continue its success story with your vision and passion. Located in the quaint small town of Waseca near numerous lakes, camping and bike paths. This property is meticulously maintained and ready for operation from day one! Don't miss the chance to turn this opportunity into your dream!

Property Features

Cooling: Wall Unit(s)
Days on Market: 486
Fuel Type: Natural Gas
Garage: 2
Heating: Boiler, Hot Water
Lot Size: 2.70 Acres
Roof Type: Age 8 Years or Less
Stories: 1.0
Taxes: $7,696
Year Built: 1960

Feature Descriptions

Appliances: Cooktop, Gas Water Heater, Microwave, Range, Refrigerator
Basement: Crawl Space
Body of Water: Clear
Current Use: Hotel/Motel
Exterior: Wood Siding
Foundation Size: 1616
Handicap Accessible: No Stairs External, No Stairs Internal
Lot: Many Trees
Lot Dimensions: 263x432x253x475
Owners Expense: All Utilities
Parcel#: TBD
Parking: Concrete, Paved, Open
Road Frontage: County Road, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
Sale Includes: Building, Business Assets, Business, Fixture/Equipment, Land, Leases, Rental License
Sewer: City Sewer/Connected
Units: 6
Utilities: Electric Common, Heating Common
Water: City Water/Connected
Waterfront: Lake View

Local Schools

School District: Waseca

Listed By / Sold By

Listed By

Agency Name: Re/Max Advantage Plus
Agency Phone: 651-272-4688

Shown By

Agency Title: RE/MAX Legacy Realty
Agency Phone: 701-492-5050

Sold By

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