16154 US 63 Hwy - Hospitality FOR SALE


Hayward, WI 54843
$975,000 USD
16154 US 63 Hwy, Hayward, WI for Sale
$975,000 USD
Hospitality - FOR SALE
1/48
null | Request Cap Rate

16154 US 63 Hwy
Hayward, WI 54843


HIGHLIGHTS

  • Turn-key hospitality and investment opportunity
  • well-maintained and partially updated property
  • features 20 guest rooms consisting of 1 King, 3 Queen, and 16 Double-Full rooms

OVERVIEW

Turn-key hospitality and investment opportunity in the heart of Wisconsin's Northwoods! The Aspen Inn Motel is a well-maintained and partially updated property offering everything needed to continue operating a successful lodging business or expand its potential. The motel features 20 guest rooms consisting of 1 King, 3 Queen, and 16 Double-Full rooms, with many recent improvements including updated flooring, remodeled bathrooms, newer beds, and fresh interior finishes. Guests will appreciate the inviting outdoor gathering space complete with a fire pit, picnic tables, and BBQ area, creating the perfect atmosphere for families, vacationers, hunters, anglers, ATV/UTV riders, snowmobilers, and outdoor enthusiasts. The sale also includes a 3-bedroom, 1-bath detached owner's residence with a full unfinished basement, providing comfortable on-site living or additional rental potential. A 4-car detached garage and pole shed with lean-to offer abundant storage for maintenance equipment, supplies, recreational vehicles, or future business expansion. Additional improvements include a new concrete apron surrounding the motel, city water and sewer (converted from private well and septic), an efficient natural gas boiler with radiant heat, and updated LED exterior signage. The property is being sold with linens, housekeeping supplies, yard equipment, snow plow, and many operational necessities, making this a true turnkey opportunity. Whether you're an experienced hospitality operator or looking to invest in Wisconsin's thriving tourism industry, the Aspen Inn Motel offers a rare opportunity with established infrastructure, numerous updates, and room for future growth.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$120 USD /SF

# OF ROOMS

20

PRICE/ROOM

$48,750 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aspen Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.73 AC

LAND SF

118,919 SF

ZONING

C1

APN/PARCEL ID

236941283106

ASK ABOUT THIS PROPERTY

Bryan RavenChippewa Valley Real EstateMore Info

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Bryan RavenChippewa Valley Real EstateMore Info

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