$177,500
$185,000
4.1%For more information regarding the value of a property, please contact us for a free consultation.
1,952 SqFt
SOLD DATE : 05/05/2023
Key Details
Sold Price $177,500
Property Type Commercial
Sub Type Motel/Hotel/Bed & Brkfst
Listing Status Sold
Purchase Type For Sale
Square Footage 1,952 sqft
Price per Sqft $90
MLS Listing ID 1571953
Sold Date 05/05/23
Annual Tax Amount $1,251
Tax Year 2022
Lot Size 0.660 Acres
Acres 0.66
Property Description
Currently operating motel in Rib Lake, WI. Step into a growing business with existing reservations for the next year on this 5 room hotel. One cabin room with 1 bedroom, 1 bathroom, living room and kitchen/dining area. 3 double bed rooms, and 1 single. Recent updates to all showers, new basement floor, flooring and more. Sale is complete business including all furnishings, linens, cleaning equipment and so much more. Great location across the street from gas station and restaurant. This location is desired by many traveling to the area for hunting, snowmobiling, fishing and also a great place for traveling nurses and more. Would also make for a great place to live and make income on the other 4 rooms. Possibilities for more expansion on the .66 acre lot as well.
Location
State WI
County Taylor
Zoning Commercial
Rooms
Basement Crawl Space, Partial, Poured Concrete
Interior
Heating Natural Gas
Cooling Wall/Sleeve Air, Wall A/C, Baseboard
Exterior
Exterior Feature Wood
Waterfront N
Building
Sewer Municipal Sewer, Municipal Water
New Construction N
Schools
School District Rib Lake
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Bought with Greater Realty LLC
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