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Off Market
1/10

11390 South 5th St E
Solon Springs, WI 54873


HIGHLIGHTS

  • 12.64% Cap Rate - Profitable, lakefront resort situated on 1.51 acres with 200 feet of water frontage for guests to enjoy
  • The Property consists of thirty-eight (38) units plus an owner's apartment, lobby, bar area, pool and hot tub, banquet room, and employee housing
  • 5 of the 38 units are cabins that will be rented starting in May 2022; these will generate significantly more revenue than the existing hotel units
  • Located on Upper Saint Croix Lake which covers more than 828 acres
  • Constructed in 1986 and has been continually updated over the past five years; there are few capital improvement or FF&E replacement needs

OVERVIEW

The Property is located in the village of Solon Springs in Douglas County, WI, on the Upper Saint Croix Lake. Solon Springs is a small town in Northern Wisconsin with a population of 600 according to the 2010 censes. The property has approximately 200 feet of water frontage on the Upper Saint Croix Lake which consists of 828 acres and has a max depth of 22 feet. The Upper Saint Croix Lake is near Lake Superior and visitors can access to the lake from public boat landings and a public beach. Many varieties of fish can be found in the lake, some of which include, Musky, Largemouth Bass, Smallmouth bass, Northern Pike, Walleye, Sturgeon and Catfish. Enjoy, boating, water skiing, kayaking, canoeing, swimming, tubing and much more on the lake. The Property has has 2 beautiful Pontoon boats available to rent for the day or just 3 hours if guests are short on time. The Property is located approximately 40 miles southeast of the popular port city on Lake Superior known as Duluth. This popular tourist destination for the Midwest is known for the nation's only all-freshwater aquarium, the Great Lakes Aquarium. Duluth is also known for its waterfront Lakewalk Trail which passes along Canal Park, with views of the 1905 Aerial Lift Bridge. Distances from larger Cities: Duluth, MN - 37 miles southeast of Duluth Minneapolis, MN - 160 miles northeast of Minneapolis Green Bay, WI - 298 miles west of Green Bay Milwaukee, WI - 390 miles northwest of Milwaukee Local airports include, Superior, WI (33 miles) and Hayward, WI (40 miles). Nearby International airports include, Duluth International Airport (48 miles) and Minneapolis-Saint Paul International Airport (160 miles).

FOR SALE DETAILS

PRICE

-

# OF ROOMS

-

CAP RATE

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BUILDING DETAILS

PROPERTY NAME

St. Croix Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

20691

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1986

PARKING SPACES

122

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C2

APN/PARCEL ID

SS-181-00265-00,SS-181-00265-01,SS-181-00267-00,SS-181-00267-01,SS-181-00333-00