Motel Business for Sale in Iola WI
Hospitality
for Sale
| Catylist Listing ID: |
30626677 |
| Property Subtypes: |
Motel
|
| Number of Units: |
12 Units |
| Building Size (RSF): |
See Agent |
| Gross Building Area: |
See Agent |
| Sale Price: |
$449,000 |
| Unit Price: |
$37,416.67 Per Unit |
| Property Use Type: |
Investment, Vacant/Owner-User, Business |
| Sale Terms: |
Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
3/1/2021 |
Overview / Comments
|
Your chance to be your own boss with this highly successful motel business. 12 units 1 & 2 bedroom units, some rented weekly & monthly. A separate rental unit with a year to year lease (current occupant has been there over 6 years!) 2 bedroom unit with lower level for several options. Separated from the main house by laundry & office. Beautiful home with glorious view of the lake. 2 bedroom home with 2 bathrooms. large living room with huge fireplace, beautiful. Attached 2 car garage and a underground pool! Come for a visit to world famous Iola, home of the Old Car Show and make it yours!
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Additional Details
| Nearest MSA: |
Stevens Point |
| County: |
Waupaca |
| Submarket Type: |
Central Business District |
| Tax ID/APN: |
26 35 78 1 |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation |
| Property Located Between: |
Appleton & Stevens Point |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Main |
| Highway Access: |
Hwy 161 is less than 1/4 mile away. |
| Total Number of Buildings: |
2 |
| Number of Stories: |
1 |
| Property Condition: |
Good |
| Year Built: |
1968 |
| Roof Type: |
Gable |
| Construction/Siding: |
Stone |
| Water Recreation: |
Outdoor Pool |
| Parking Type: |
Surface |
| Parking Description: |
Parking lot |
| Laundry: |
Shared |
| Heat Type: |
Natural Gas |
| Heat Source: |
Baseboard |
| Air Conditioning: |
Window Unit |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
1,721 |
2,611 |
5,336 |
| Median Age: |
46.53 |
46.86 |
46.04 |
| Households: |
760 |
1,125 |
2,277 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither REALTORS® Association of Northeast Wisconsin nor
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