1127 N Lakeshore Dr, Lake City, MN 55041

High Point Land Company is proud to present Alaskan Guest Suites, a rare opportunity to acquire an established hospitality property overlooking the breathtaking waters of Lake Pepin in Lake City, Minnesota. Situated along the highly traveled Highway 61 corridor, this income-producing property offers a unique combination of immediate cash flow, oper

ational flexibility, and long-term real estate value in one of the Upper Midwest's most sought-after waterfront destinations. Set on approximately 0.71 acres, Alaskan Guest Suites features nine guest suites and two spacious lodge-style units, all offering views of Lake Pepin.

The larger lodge-style units provide exceptional flexibility for ownership housing, manager accommodations, extended-stay guests, family gatherings, fishing groups, wedding parties, corporate retreats, or premium vacation rentals. Future ownership may choose to occupy one or both units, or maximize revenue potential by offering all accommodations as short-term rentals.

Municipal water and sewer services, ample parking, strong Highway 61 visibility, and established infrastructure create a turnkey opportunity for buyers seeking an existing hospitality operation with room for future growth. Lake City has long been recognized as one of the Midwest's premier waterfront destinations, attracting visitors from across Minnesota, Wisconsin, Iowa, and beyond.

Positioned on the shores of Lake Pepin, the area draws guests year-round for boating, sailing, fishing, golfing, hiking, scenic drives, weddings, family gatherings, and countless recreational opportunities throughout the Mississippi River Valley. Often recognized as the birthplace of water skiing, Lake City continues to attract outdoor enthusiasts,

vacationers, and weekend travelers seeking the unmatched beauty and recreation found along the Mississippi River. The property's location places it within convenient driving distance of Rochester, Red Wing, and the Twin Cities metropolitan area, allowing it to benefit from a substantial population base seeking weekend getaways and extended stays in one of the region's most scenic settings.

The property has been carefully maintained throughout ownership, including exterior staining and chinking completed in 2025. Financial information is available to qualified buyers, offering the opportunity to evaluate an established hospitality business with immediate income potential.

The existing layout, lodging mix, and guest infrastructure allow a new owner to step into a functioning operation while preserving the character and guest experience that have contributed to the property's reputation over the years. Experienced employees familiar with the property and its guests may provide valuable continuity during a transition, creating an attractive opportunity for both owner-operators and investors alike.

Beyond the existing lodging operation, Alaskan Guest Suites offers a level of flexibility rarely found in similar hospitality properties. Dedicated office space currently utilized by ownership provides opportunities for future management offices, guest services, administrative operations, storage, or potential lease income.

This additional space allows future owners to adapt the property to meet evolving operational needs while creating opportunities for supplemental revenue streams. While the current operation provides immediate income potential, the long-term appeal of this offering lies in the scarcity of waterfront commercial real estate along Lake Pepin.

Properties with unobstructed lake views, Highway 61 exposure, municipal utilities, and established hospitality use are increasingly difficult to find. Previous ownership has explored the possibility of vertical expansion above portions of the existing improvements, highlighting future opportunities to increase room inventory, create premium accommodations, or further enhance the guest experience, subject to local approvals. Whether your vision is to continue ...