Outstanding off-market business opportunity – Larch Pine Inn Bed & Breakfast in one of Iowa’s celebrated resort towns - Clear Lake!
In 2021 the Iowa Tourism Office christened the quaint community of Clear Lake, Iowa’s Outstanding Community, and this 5-unit Bed and Breakfast, Iowa’s Outstanding Lodging Property. This amazing property has been a Bed & Breakfast since the late 1980s and is nestled in the heart of Clear Lake, Iowa. Situated on half an acre of beautifully landscaped gardens, it hosts four guest rooms with private baths in the Main House, and a one-bedroom apartment above the two-stall garage called the Crow’s Nest. Built in 1875, this historic home blends modern amenities with the charm and character of its romantic Victorian roots. All guest rooms have attached private bathrooms and have been newly renovated with new fixtures, plumbing, and updated electrical. All rooms are tastefully decorated and fully furnished with a comfortable king or queen bed, hotel-quality bedding and so much more.
Style: Queen Anne, Victorian
Exterior Finish: Wood
Water and Sewer: City
Bedrooms: 5, Bathrooms: 6
Owners Quarters: 2 options
Year Built: 1875
Garage: 2 Car, Detached with one-bedroom fully furnished apartment above garage, built in 2002
Basement: Full, Unfinished
Fireplaces: 4; 3 electric, 1 gas
Heat: Gas Forced Air
Cooling: Central Air with 4 additional Window Air Conditioners
Interior Features: All baths with tub/shower, 2 Air Kohler Bubble Massage tubs, 2 Jetted Tubs, 1 Claw-foot Tub, New Bathroom Fixtures and updated plumbing and wiring in all bathrooms.
Exterior Features: Wrap-around Screened-in Porch, Deck off back door, 1/2 acre of beautifully landscaped gardens, enough Off-street Parking for all the guests.
Clear Lake is a natural spring-fed lake in northern Iowa midway between Des Moines, IA, and Minneapolis, MN. It is the first of the Minnesota glacier lakes and has a history of being a vacation destination since the late 1800s. Clear Lake, IA is a popular stop on Interstate 35, the 3rd longest north-south interstate in the United States, with restaurants, hotels, and truck stops. Clear Lake boasts 25+ annual events which bring people into the community. Clear Lake has the longest consecutive running July 4th Celebration in the State of Iowa hosting over 100,000 visitors over the multiple-day festival. The Surf Ballroom is an American cultural icon and an important historic rock and roll landmark, dedicated by the Rock and Roll Hall of Fame. The Surf Ballroom has over 42 events a year, which brings in concertgoers from all over the United States.
The Larch Pine Inn is a short stroll to almost all the attractions in Clear Lake – one block to the lake, three blocks to downtown, and two blocks to the historic Surf Ballroom. Since 2018 has received 5-star ratings on Google, Tripadvisor, Facebook, and Yelp. Consistently ranked #1 B&B in Clear Lake on Tripadvisor and awarded the Superhost designation on Airbnb.
Other sources of Income include off-season extended stay guests, 45+ Surf Ballroom concerts/events/year, Larch Pine Inn events, and private events.
This property has grown exponentially since 2018 and has doubled its occupancy since 2020. Operating expenses, booking information, profits, and Airbnb data are available. Call for details.