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: 10/30/2020

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!

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

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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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