604 Main Street, Starbuck, Minnesota, 56381

$774,900 - Starbuck

For Sale

0.52

Acres

Overview

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!

Details

  • Price
    $774,900
  • MLS® #
    MLS® # 7061425
  • Year Built
    Year Built 1988
  • Area Size
    Size 0
  • Lot Description
  • Lot Acreage
    0.52
  • City Starbuck
  • State Minnesota
  • Postal code 56381
Listing Courtesy of RE/MAX Results