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!
Closed
Zestimate®
$500,000
1208 Elm Ave E, Waseca, MN 56093
3beds
2,395sqft
Single Family Residence
Built in 1946
2.7 Acres Lot
$500,000 Zestimate®
$209/sqft
$1,641 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 31, 2025 at 10:54am
Listed by:
Daryl Bauer 952-240-5773,
Re/Max Advantage Plus
Bought with:
Mike Danberry
Realty Executives Associates
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6562682
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
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: Main
- Area: 70 Square Feet
- Dimensions: 7x10
Bathroom
- Level: Upper
- Area: 63 Square Feet
- Dimensions: 7x9
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
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
- 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: 2.70 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 & neighborhood
Location
- Region: Waseca
HOA & financial
HOA
- Has HOA: No
Other
Other facts
- Road surface type: Paved
Sell with ease on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$500,000
2% more+$10,000
With Zillow Showcase(estimated)$510,000