MLS Public Remarks Motivated Seller! Opportunity is knocking. This 20 UNIT MOTEL has endless possibilities w/ its awesome LOCATION in Tomahawk. Close to water, Downtown, UTV/ATV & Snowmobile trails, groceries, restaurants, gas stations along with all other local businesses and Golf Courses near by. Whether you're looking for a self run motel with living quarters and rental property, a property to flip or start a new business this Motel location offers you all the above opportunities. 3 units have kitchenettes, 2 corners units have 4 beds, other rooms are king beds or standard double bed rooms. Motel being SOLD turnkey business with apt above office w/ 2bedrooms and a separate 3 bedroom home with 2 (2) car garages. Home is need of repair to occupy & would make great rental.
Location City
Other Marketing Area
Mailing City Tomahawk
C/T/V City
Unit #
Directions I-39 N/ Us-51 N To Wi-86 W In Lincoln County. Take Exit 229 To Wi-86 W. Then N On 4th St Property Will Be On The Left Just Past Silverado.
Real estate for sale Yes
Business for sale Yes
For lease only No
Ann. Rent/SqFt $0
Total Units/Bldg 20
Building Gross SqFt 11,612
Net Leasable SqFt 0
Year Built 1973
Source for Year Built Othr
Approx Bldg Dimen 0
Street Frontage 0
Parking Fees/Mo. $0
Onsite Parking Yes
# of Stories 1
Ceiling Height Min 0
Ceiling Height Max 0
Number of Loading Docks 0
Zoning Commercial
Est. Total Acres 1.92
Source Of Est Acres Othr
Lot Dimensions
Owner
Tradename Four Seasons Motel
Land Assessment $66,000
Assessment Year 2021
Net Taxes $5,155
Tax Year 2021
Improvements $179,300
Total Assessment $245,300
Income/Expenses Year $2,019
Gross Operating Income $130,000
Annual Operating Exp $24,000
Net Operating Income $106,000
| Unit |
Lease Type |
Lease Exp. Date |
Renewal Option |
Base Annual Rent |
Annual Rent/SqFt |
Other Fees/SqFt |
Gross SqFt |
| 1 |
Na |
Na |
0 |
$0 |
$0 |
$0 |
0 |
| 2 |
- |
0 |
0 |
$0 |
$0 |
$0 |
0 |
| 3 |
- |
0 |
0 |
$0 |
$0 |
$0 |
0 |
Items Included All furnishings & fixtures in rooms, all laundry equipment (one washer & 2 dryers), all office equipment and all pool equipment. Pool has been filled in but can be reopened if buyer chose to reopen.
Items Excluded Sellers persoanl property
Heating/Cooling Forced air, Wall Furnace
Water/Waste Municipal sewer, Municipal water
Basement
Fuel Electric, Natural gas
Seating Capacity
Type Motel/Hotel/Bed & Brkfst
Exterior Treatment Wood
Building Parking Onsite
Roofing Composition
Terms/Option
Miscellaneous
Documents on File Property Condition Report
Location Free standing, Near Major Highway
Tenant Pays N/A
Present Use Motel/Hotel/Bed & Brkfst
Licenses
Lease Type None
Occupied by
Sale Includes Business name, Equipment, Furniture, Signs
Features Internal sprinkler, Private Restrooms, Private office(s), Reception area, Recreation facilities, Residential unit(s), Shared Restrooms, Signage available
Above Information Deemed Reliable, But Not Guaranteed
Listing Courtesy of Restaino & Associates Era Powered
