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  • Price cut: $10K (7/29)
    $588,000

    1208 Elm Ave E, Waseca, MN 56093

    3beds
    2,395sqft
    : 
    Single Family Residence
    Built in 1946
    2.7 Acres Lot
    $-- Zestimate®
    $246/sqft
    $-- HOA

    What's special

    Stacked stone fireplaceHardwood floorsLake viewsBuilt in hutchesCurved archwaysCozy retreatOn site laundry
    Opportunity knocks! 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!
    401 days
    on Zillow
    |
    573
    |
    20
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    Zillow last checked: 7 hours ago

    Listing updated: July 29, 2025 at 08:20am

    Listed by:

    Daryl Bauer 952-240-5773,

    Re/Max Advantage Plus

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6562682MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 1208 Elm Ave E.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Living Room, Dining Room, Kitchen, Foyer, Bedroom 1, Bathroom, Bedroom 2, Bedroom 3, Office, Walk In Closet
    Bedroom 1
    • Level: Main
    • Area: 130 Square Feet
    • Dimensions: 10x13
    Bedroom 2
    • Level: Upper
    • Area: 195 Square Feet
    • Dimensions: 13x15
    Bedroom 3
    • Level: Upper
    • Area: 165 Square Feet
    • Dimensions: 11x15
    Bathroom
    • Level: Upper
    • Area: 63 Square Feet
    • Dimensions: 7x9
    Bathroom
    • Level: Main
    • Area: 70 Square Feet
    • Dimensions: 7x10
    Dining room
    • Level: Main
    • Area: 180 Square Feet
    • Dimensions: 15x12
    Foyer
    • Level: Main
    • Area: 35 Square Feet
    • Dimensions: 7x5
    Kitchen
    • Level: Main
    • Area: 130 Square Feet
    • Dimensions: 10x13
    Living room
    • Level: Main
    • Area: 240 Square Feet
    • Dimensions: 20x12
    Office
    • Level: Upper
    • Area: 54 Square Feet
    • Dimensions: 9x6
    Walk in closet
    • Level: Upper
    • Area: 20 Square Feet
    • Dimensions: 5x4
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Water Softener Owned
    Features
    • Basement: Block,Drainage System,Sump Pump,Unfinished
    • Number of fireplaces: 1
    • Fireplace features: Gas, Living Room
    Interior area
    • Total structure area: 2,395
    • Total interior livable area: 2,395 sqft
    • Finished area above ground: 1,459
    • Finished area below ground: 0
    Video & virtual tour

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached, Asphalt, Shared Driveway, Garage Door Opener, Heated Garage, Paved, RV Access/Parking
    • Garage spaces: 2
    • Has uncovered spaces: Yes
    • Details: Garage Dimensions (26x26)
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One and One Half
    • Stories: 1.5
    • Patio & porch: Patio
    • Fencing: None
    • Has view: Yes
    • View description: Lake
    • Has water view: Yes
    • Water view: Lake
    • Waterfront features: Lake View, Road Between Waterfront And Home, Waterfront Num(81001401), Lake Acres(648), Lake Depth(34)
    • Body of water: Clear
    Lot
    • Size: 2.7 Acres
    • Dimensions: 263 x 432 x 253 x 475
    • Features: Many Trees
    Details
    • Foundation area: 936
    • Additional parcels included: 171230160
    • Parcel number: 171230070
    • Zoning description: Business/Commercial,Residential-Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Wood Siding
    • Roof: Age 8 Years or Less
    Condition
    • Age of Property: 79
    • New construction: No
    • Year built: 1946

    Utilities & green energy

    • Electric: Circuit Breakers
    • Gas: Natural Gas
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Waseca

    Financial & listing details

    • Price per square foot: $246/sqft
    • Tax assessed value: $268,400
    • Annual tax amount: $7,696
    • Date on market: 7/2/2024
    • Road surface type: Paved
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