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Active
$650,000
/mo Edit
Commercial:  Business,Office,Resort
Built 1989
0.34 acres
Waterville-Elysian-Morris schools
MLS# 6493531
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    Property Description

    Don't miss this amazing opportunity to own a resort on Lake Sakatah! Tons of business growth opportunities, run it as an Airbnb or live in it and maintain it yourself! This lakefront property features 8 units, all with different layouts nightly rates, and options. Waterville is a highly sought-after vacation destination in the summer for so many families. Don't wait, make your dreams come true today.

    Listing

    Contingency: None
    City: Waterville
    County: Le Sueur
    State: MN
    Property Style: Business, Office, Resort
    Zip Code: 56096
    Subdivision Name: East Waterville

    Interior

    Ranges: Six or More
    Refrigerators: One Per Unit
    Appliances Included:
    • Dryer
    • Exhaust Fan
    • Microwave
    • Range
    • Refrigerator
    • Washer
    Basement Details:
    • Slab
    • Walkout

    Exterior

    Stories: Two
    Garage Spaces: 0
    Other Parking Spaces: 15
    Air Conditioning: Central Air, Zoned
    Foundation Size: 2,895 ft2
    Handicap Accessible: None
    Road Responsibility: Private Maintained Road
    Heating System:
    • Baseboard
    • Forced Air
    Parking Features:
    • Guest Parking
    • Paved
    Shared Amenities:
    • Deck
    • Dock
    Unit Amenities:
    • Cable
    • Ceiling Fan(s)
    • Deck
    • Panoramic View
    • Patio
    • Washer/Dryer Hookup
    Road Frontage: Private Road
    Exterior Material:
    • Brick Veneer
    • Brick/Stone
    • Fiber Cement
    Roof Details:
    • Age 8 Years or Less
    • Asphalt

    Lake & Waterfront

    Waterfront Present: Y
    Waterfront Name: Upper Sakatah
    Waterfront View: Bay, Lake, North, Panoramic
    DNR Lake ID#: 40000200
    Elev Highpt to WF feet: 10-15
    Waterfront Slope: Gradual
    Lake Chain Name: N
    Lake Acres: 892
    Lake Depth: 12
    Waterfront:
    • Deeded Access
    • Dock
    • Lake Front
    • Lake View
    Lake Bottom:
    • Gravel
    • Sand

    Lot & Land

    Acres: 0.34
    Geolocation: 44.21777746, -93.55884992
    Inclusions: Building, Business, Fixture/Equipment, Inventory, Land
    Lot Dimensions: 137 x 128
    Zoning:
    • Business/Commercial
    • Residential-Single Family
    Lot Description:
    • Additional Land Available
    • Tree Coverage - Light

    Farm

    Topography: Walkout

    Schools

    School District: 2143
    District Phone: 507-275-3115

    Financial & Taxes

    Tax Year: 2023
    Annual Taxes: $6,790
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $6,790

    Units

    Total Units: 8

    Miscellaneous

    Current Use:
    • Commercial
    • Hotel/Motel
    • Office
    • Recreational
    • Resort
    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Hot Water Common
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of RE/MAX Advantage Plus.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.