Property Description

An inviting boutique inn in the Iowa Great Lakes region, this 13-room hospitality property combines accommodations designed for romantic getaways with landscaped gardens, generous gathering spaces and an on-site owner/manager residence. Set on two acres in the Okoboji, Spirit Lake area, the inn was built in 1999 and includes approximately 10,000 square feet, including a 1,793-square-foot residence. Each guest room or suite features a private en-suite bathroom, fireplace and refrigerator. Eight accommodations include whirlpools, while selected rooms offer verandas or patios. These amenities create a welcoming setting for couples seeking a relaxing getaway. Guest common spaces include a 24-seat dining room with a fireplace, baby grand piano and French doors opening to the verandas; a lobby with adjacent retail space; a second floor sitting area with a coffee station; and a Garden Level den with a kitchenette, pool table, television and electric fireplace. Outside, a wraparound veranda, courtyard pavilion, gazebo and garden paths invite guests to linger. A rear patio with a wood-burning fireplace offers another setting for outdoor dining and conversation. The one-bedroom owner/manager residence includes a five-piece en-suite bath, walk-in closet, open living and dining area, office/front desk area and double-sided fireplace. Verandas, a private entrance and an attached two-car garage provide comfortable and convenient on-site living. The residential kitchen and laundry area are integrated into a shared layout with the commercial kitchen. A well-equipped commercial kitchen, three washer/dryer sets, 15 parking spaces, two Level 2 EV chargers and well-fed irrigation support the operation. Recent improvements include the courtyard pavilion, EV charging facilities, guest-room renovations and six cascading tankless water heaters installed in 2025. Offered at $3,910,000 as an operating hospitality business, the sale includes all business assets, including furniture, fixtures, equipment and guest-room contents, guest data and advanced reservations as well as the Inn website, domains, photography and digital assets. The owner/manager quarters will be delivered vacant at closing. Don't miss out on the opportunity to own a successful bed and breakfast in Okoboji at The Oakwood Inn.

Property Features