2835 S Main St - Hospitality FOR SALE


Rice Lake, WI 54868
$4,350,000 USD
805-557-8857

NO PHOTO

$4,350,000 USD
Hospitality - FOR SALE
null | Request Cap Rate

2835 S Main St
Rice Lake, WI 54868


HIGHLIGHTS

  • 57 Guestrooms, 2 stories, Interior Corridor
  • Fully Renovated in 2024-2025 and Approved Auto Transfer
  • Within an Opportunity Zone
  • Located in the economic hub of the city with major plants
  • located within a 5 minute drive including Rice Lake Weighing Systems, Johnson Truck Bodies, Quanex Building Products, and Henry Repeating Arms
  • Close proximity to Rice Lake , the Cedar Side Walking Trail, and the Rice Lake Speedway, capturing significant seasonal tourism

OVERVIEW

We are pleased to offer an exciting opportunity to purchase the fully renovated (2024-2025) Best Western Inn in Rice Lake, Wisconsin. This strategically located select-service hotel features 57 well-appointed guest rooms and suites and is fresh from a major remodel. This exceptional asset is poised to capitalize on its prime positioning within the vibrant Rice Lake market, the regional economic hub of Barron County. Benefiting from immediate access via US Highway 53 (Exit 140), the hotel captures a diverse demand base of business and leisure travelers drawn to the area’s key economic drivers.

FOR SALE DETAILS

PRICE

$4,350,000 USD

PRICE/SF

$134 USD /SF

# OF ROOMS

57

PRICE/ROOM

$76,316 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western Inn Rice Lake

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1958

PARKING SPACES

92

LAND DETAILS

LAND ACRES

3.99 AC

LAND SF

173,804 SF

ZONING

G2

APN/PARCEL ID

276-8001-63-000

ASK ABOUT THIS PROPERTY

Andrew PostBowman Post GroupMore Info
805-557-8857

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Andrew PostBowman Post GroupMore Info
805-557-8857

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.