317 E Park Ave - Hospitality FOR SALE


Minocqua, WI 54548
$4,950,000 USD
715-358-0450
317 E Park Ave, Minocqua, WI for Sale
$4,950,000 USD
Hospitality - FOR SALE
1/24
null | Request Cap Rate

317 E Park Ave
Minocqua, WI 54548


HIGHLIGHTS

  • Family owned resort for 3 generations.
  • Historic home + 4 waterfront cottages + 6 kitchenettes.
  • 343' sandy water frontage on highly desirable Lake Minocqua.

OVERVIEW

Unique commercial investment in downtown Minocqua! Schlecht’s Resort has been family owned & operated for 3 generations. Offering a historic home with timeless elegance shown in its grand entrance, stained glass and well-preserved wood details, it takes you back in time while offering modern comfort. Surrounding this piece of history are 4 inviting waterfront cottages, 6 well-appointed kitchenette units & 2 permanent piers for all watercraft. All situated on 343’ sand frontage, with southern exposure on well sought after LAKE MINOCQUA. Walking distance to shopping, dining & nightlife, the location can not be beat. With a rich history & rental track record, this resort is an ideal investment for those seeking opportunity. Alternatively, the potential for redevelopment opens doors to creating what a new owner envisions in this scenic location. Favorable zoning will allow for continuation as a commercial endeavor, resort, condominiums, marina...all will be possible here.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$582 USD /SF

# OF ROOMS

10

PRICE/ROOM

$495,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Schlecht's Resort

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,611 SF

ZONING

B-1

APN/PARCEL ID

01601-3415-0000

ASK ABOUT THIS PROPERTY

Pat Van HeftyRedman Realty Group LLCMore Info
715-358-0450

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Pat Van HeftyRedman Realty Group LLCMore Info
715-358-0450

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