Motel Business for Sale in Iola WI
Hospitality
for Sale
Catylist Listing ID: |
30626677 |
Property Subtypes: |
Motel
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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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