Location, location, location! 140' +/- of Lost Island Lake Frontage and one of very few properties on the lake with commercial zoning! Built in 1951, the home has had extensive remodeling including a complete renovation in the 1980's and various additions/updates since then, including new hvac, new carpeting, and a $13,000 poly wood fence! Great income potential with the availability of up to 13 boat hoist spaces, Airbnb rental of the lakefront home and attached 1 bedroom, 1 bath guest suite! Home has a 2,400 square foot lakefront deck, large firepit area with Adirondack chairs, vaulted ceilings, stone fireplace, 4 bedrooms, 3 baths, and a basement for storage. Make your lake home pay for itself with the many income streams available!
Legal: Lengthy legal as per abstract.
Status: Active
Property Information
241112
$1,195,000
Sale
Mixed Use
COMMERCIAL
3286 335th Avenue
Ruthven
IA
51358
2767
Lost Island Lake
6106
2024
1951
Utilities
No
LISTED BY
Lakeland Realty of Iowa, Keith Brockmeyer (712.336.0400)
PROPERTY LOCATION
MORTGAGE CALCULATOR
RE/MAX Lakes Realty
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Founded in 1960, the Three Sons has been a staple of Milford, IA retail. From Herman and Emil Richter, owners, was born the University of Okoboji, a ficticious university that calls the entire Iowa Great Lakes the campus of the U of O. Part of the experience of shopping the three sons, if walking the old battered floors, and taking a trip upstairs for half price, plus a buck. Brands you would expect in Milford Iowa are abundant, such as Patagonia, Oakley, Under Armour, Tommy Bahama, and more. There are currently 2 other stores; one at the amusement park, and another near the Regal Beagle called the bridge store. No self-respecting visitor to Okoboji leaves without visiting one of their stores.
The O'Farrell Sister is a historic Okoboji Tradition that one must check out for breakfast and lunch!
'Farrell Sisters History
The O'Farrell Sisters restaurant was born in 1949 at the bridge on Hwy 71, between East and West Lake Okoboji. Edna Mae and Arlene O'Farrell bought the business from Ike Kissinger who was running for Sheriff of Dickinson County.
In the early years the girls were open seven days a week and had a booming business in no time. The fried chicken dinners on Sunday evenings were especially popular. There were times when the line waiting to get in was so long they'd have to lock the door and would often run out of chicken!
In 1959 Arlene married and moved to Tallahassee, Florida with her husband Furman Henderson. Edna Mae and Ferne continued in the restaurant, moving to its present location that same year. This spot had a garden and chicken coup, which was moved to the house across the street.
Ferne died in 1974 and Edna Mae in 1978. Arlene sold the business to nieces Joyce Gapinski, Jo Ann Anderson, Charlotte Sarvie and Cheri Petersen (these are married names). The nieces successfully ran the restaurant from 1979 through 2003. After losing Jo Ann in 1997 and Cheri in 2002, Joyce and Charlotte decided to sell after the 2003 season.
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