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    Travelers Inn Motel For Sale Title is generated by Realmo AI

    309 WALL ST E, Eagle River, WI 54521

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    New
    For Sale
    $650,000

    COMMERCIAL - Eagle River, WI

    Lot size:
    0.41 Acres
    Added:
    May 19, 2026
    Days on Market:
    6
    Last Refresh:
    May 24 at 3:06 am

    Property Features for 309 WALL ST E

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bedrooms
    32
    Bathrooms
    30
    Rooms
    Bedroom 12, Bedroom 31, Bathroom 20, Bedroom 19, Bathroom 12, Bathroom 27, Bedroom 27, Bedroom 25, Bathroom 25, Bathroom 9, Bathroom 17, Bedroom 20, Bedroom 3, Bathroom 3, Bathroom 19, Bathroom 22, Bedroom 16, Bedroom 10, Bedroom 2, Bedroom 24, Bathroom 6, Bedroom 13, Bedroom 11, Bedroom 30, Bathroom 7, Bathroom 13, Bedroom 15, Bedroom 28, Bathroom 24, Bathroom 30, Bedroom 21, Bathroom 8, Bathroom 16, Bathroom 14, Bathroom 2, Bedroom 18, Bedroom 6, Bedroom 7, Bedroom 1, Bedroom 14, Bedroom 26, Bathroom 23, Bathroom 10, Bedroom 4, Bedroom 23, Bathroom 1, Bathroom 5, Bathroom 21, Bathroom 18, Bedroom 5, Bedroom 17, Bedroom 32, Bedroom 9, Bedroom 29, Bathroom 4, Bathroom 11, Bathroom 29, Bathroom 28, Bedroom 22, Bedroom 8, Bathroom 26, Bathroom 15
    Exterior features
    Landscaping
    Standard status
    Active
    APN
    221-726
    Lot size
    0.41 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 13 & 14 & S32' LOT 11 BLK 7 ORIGINAL PLAT EAGLE RIVER
    Tax Annual Amount
    5749

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Baseboard, Natural Gas
    Water source
    Public

    Building Details

    Floors in Building
    2
    Number of units
    27
    Flooring type
    Mixed
    Building materials
    Brick, Frame, WoodSiding
    Roof type
    Shingle, Composition

    We can help!

    Listing Contact
    ERICA DUMAS

    Listing agent ERICA DUMAS

    Listing office REDMAN REALTY GROUP, LLC 231 Oneida St PO Box 1287, Minocqua, WI

    Listing date May 19, 2026

    MLS# 217313

    Copyright © 2026 Greater Northwoods MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime downtown Eagle River location with high visibility and easy access.
    • Established motel with a recognizable Northwoods character and inn‑style frontage.
    • 27 guest accommodations, including 10 units with kitchenettes, offering flexible lodging options.
    • Strong potential for continued hospitality use, owner‑operator, or future investment strategies.
    • Ample on‑site parking and a layout designed for both motel and inn‑style operations.
    • Serves visitors drawn to year‑round recreation and extensive trail systems.

    Overview

    Located in downtown Eagle River, the Travelers Inn Motel is a hospitality investment opportunity. The established motel has served visitors drawn to Eagle River's year-round recreation, downtown atmosphere, and trail systems. Positioned on a visible downtown corner, the property benefits from exposure, accessibility, and proximity to restaurants, shopping and entertainment. The property features 27 guest accommodations, including 10 units equipped with kitchenettes, providing lodging options for extended stays, vacation travelers, seasonal guests, snowmobilers, anglers, and business visitors. The Travelers Inn Motel features a Northwoods character with a covered entrance and inn-style frontage. The site includes on-site parking and a layout designed to accommodate both motel-style access and inn-style lodging operations. The property is located on a 0.413-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • AmericInn by Wyndham Eagle River Downtown — 200 W Pine St, Eagle River, WI 54521
    • Vilas County Fairgrounds — 164 Forest St, Eagle River, WI 54521
    • Travelers Inn — 309 E Wall St, Eagle River, WI 54521
    • Pine Glo Motel — 916 E Wall St, Eagle River, WI 54521
    • Lake of the torches — 200 W Pine St, Eagle River, WI 54521

    Location Insight

    • Map
    • Local Demand
    City
    Eagle River
    County
    Vilas
    State
    Wisconsin
    Longitude
    -89.2490485
    Latitude
    45.9158043

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    FAQs

    What type of property is this?
    Motel - Hospitality investment opportunity in downtown Eagle River, Wisconsin.
    Where is this motel located?
    The property is located at 309 WALL ST E Eagle River, WI.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Prime downtown Eagle River location with high visibility and easy access.; Established motel with a recognizable Northwoods character and inn‑style frontage.; 27 guest accommodations, including 10 units with kitchenettes, offering flexible lodging options.
    (715) 891-2403
    We can help!
    Listing Contact
    ERICA DUMAS
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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