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3120 8th St,  Wisconsin Rapids,  WI  54494 $999,900 Sold
3120 8th St,  Wisconsin Rapids,  WI  54494
$999,900
Sold
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 Property Type Business/Commercial
 Parcel # 3412980, 3412978
 County Wood
 Sub Area Y01
 Municipality Wisconsin Rapids
 MLS# 1917512
 Listing Date 08/12/2021
 Sold Price $920,000
 Close Date 07/01/2022 12:00 AM

MLS Public Remarks  Exceptional opportunity to own this 36 unit hotel on main street in Wisconsin Rapids! This property features high visibility - high traffic location next to Walgreens & other major retailer's & restaurant's. Large indoor pool/hot tub, spacious lobby with breakfast/seating area and much more! Exterior has been recently painted, pool area recently painted, on - site laundry facility & owner/manager apartment available! Currently operating as an Econo Lodge! This property also includes an additional lot for future expansion or additional business opportunity. Call today for a private tour!
Documents and Related Links  
1) RECR
2) Confidentiality agreement
LOCATION  
  • Location  City
  • Other Marketing Area  
  • Mailing City  Wisconsin Rapids
  • C/T/V  City
  • Unit #  
  • Directions  Corner Of Airport Ave. & 8th St. S
    • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  Yes
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  36
  • Building Gross SqFt  24,126
  • Net Leasable SqFt  24,126
  • Year Built  1973
  • Source for Year Built  PubR
  • Approx Bldg Dimen  246x46
  • Street Frontage  500
  • Parking Fees/Mo.  $0
  • Onsite Parking  100
  • # of Stories  2
  • Ceiling Height Min  10
  • Ceiling Height Max  20
  • Number of Loading Docks  0
  • Zoning  COMM
  • Est. Total Acres  2.23
  • Source Of Est Acres  PubR
  • Lot Dimensions  
  • Owner  
  • Tradename  Econolodge
    • ASSESSMENT & TAXES  
  • Land Assessment  $376,700
  • Assessment Year  2020
  • Net Taxes  $22,609
  • Tax Year  2020
  • Improvements  $464,300
  • Total Assessment  $841,000
    • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $0
  • Gross Operating Income  $0
  • Annual Operating Exp  $0
  • Net Operating Income  $0
    • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 n/a n/a 0 $0 $0 $0 0
    2 - 0 0 $0 $0 $0 0
    3 - 0 0 $0 $0 $0 0
    Items Included See inventory list. approx. (12) king beds, (46) queen beds, (36)microwaves, (36) mini-fridges, (36) flat screen TV's, (1) ice machine, (2) Washers, (2) Dryers.
    Items Excluded  Seller's and tenants personal property.
    INTERIOR FEATURES  
  • Heating/Cooling  Other, Wall Furnace
  • Water/Waste  Municipal sewer, Municipal water
  • Basement  Partial
  • Fuel  Electric, Natural gas
  • Seating Capacity  Over 100 persons
    • EXTERIOR FEATURES  
  • Type   Motel/Hotel/Bed & Brkfst
  • Exterior Treatment  Stucco
  • Building Parking  56 or more spaces, Onsite, Paved
  • Roofing  All flat, Rubber/membrane
  • Terms/Option  
  • Miscellaneous  
    • OTHER FEATURES  
  • Documents on File  Inventory list, P & L statement, Property Condition Report
  • Location  Business district, Corner, Free standing, Near Major Highway, Residential area
  • Tenant Pays  N/A
  • Present Use  Motel/Hotel/Bed & Brkfst
  • Licenses  None
  • Lease Type  None
  • Occupied by  Owner
  • Sale Includes  Business name, Equipment, Franchise, Furniture, Inventory, Other, Signs
  • Features  Private office(s), Public rest rooms, Reception area, Security system, Signage available



    • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of First Weber Inc