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    N2580 HWY 55 White Lake, WI 54491

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    Claim this Listing
    For Sale
    $2,350,000

    COMMERCIAL - White Lake, WI

    Lot size:
    39.02 Acres
    Added:
    Jan 20, 2025
    Days on Market:
    471
    Last Refresh:
    May 6 at 10:06 am

    Property Features for N2580 HWY 55

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bedrooms
    9
    Rooms
    Bedroom 3, Bedroom 8, Bedroom 5, Bedroom 7, Bedroom 2, Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 9
    Interior features
    Storage
    Exterior features
    Landscaping
    Standard status
    Active
    APN
    034-1852.011
    Lot size
    39.02 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    2 tax parcels for a total of 39.02 acres. Total tax for both parcels in 2024 = $6450.16.
    Tax Annual Amount
    6451

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Hot Water(Heating), Propane (Heating), Forced Air
    Water source
    Well
    Water front features
    River Front
    Water front
    1

    Building Details

    Year built
    1972
    Floors in Building
    2
    Number of units
    9
    Flooring type
    Mixed
    Building materials
    Frame, WoodSiding
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    LISA KUENZLI

    Listing agent LISA KUENZLI License #4973194

    Listing office ABSOLUTE REALTORS INC. 816 1/2 Superior St, Antigo, WI

    Listing date Jan 20, 2025

    MLS# 210701 Listing URL

    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.

    Overview

    Wolf River Lodge and Campground

    This unique property encompasses over 39 acres and features 1100+ feet of frontage on the Wolf River. The property includes a 9200+ sq ft, two-level structure housing a bar, restaurant, and motel, along with a campground. The main level bar area offers space for dining and gaming, while the walk-out lower level includes a dining area with an additional bar and a full-service kitchen. Both levels have bathrooms, and 36 picture windows overlook the "Gilmore's Mistake" rapids. Adjacent to the main building are nine motel rooms, each with a private bathroom. The campground includes a boat landing for fishing, rafting, kayaking, and tubing, as well as a bathhouse. Additional acreage across the highway offers expansion possibilities. The property is located approximately 1 hour and 10 minutes northeast of Green Bay and could be converted to condos or a private residence. The property is located in White Lake, WI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Restaurant Building Supply Food Market Grocery & Convenience Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    White Lake
    County
    Langlade
    State
    Wisconsin
    Longitude
    -88.731
    Latitude
    45.261

    Nearby Similar for Sale

    • $2,350,000
      9,226 SF

      White Lake Business Opportunity

      Truck stop and retail property for sale in White Lake.
      N2580 STATE HIGHWAY 55, White Lake, WI 54491
      View Details
    • $2,350,000
      9,200 SF

      Wolf River Lodge & Campground

      Turn-key bar, restaurant, motel, and campground on 39+ acres.
      N2580 State Highway 55, White Lake, WI 54491
      View Details

    FAQs

    What type of property is this?
    Motel - Turn-key bar, restaurant, motel, and campground on 39+ acres.
    Where is this motel located?
    The property is located at N2580 HWY 55 White Lake, WI.
    What is the asking price?
    The asking price for this property is $2,350,000.
    What are key features of this property?
    This property features: 39+ acre property with an impressive 1100+' of Wolf River frontage.; Turn‑key bar, restaurant, motel, and campground business opportunity.; 9200+ sq ft, 2‑level lodge featuring a bar, dining area, full‑service kitchen, and 36 picture windows overlooking the rapids.
    (715) 610-2393
    We can help!
    Listing Contact
    LISA KUENZLI
    Real Estate License ID: 4973194
    Learn More
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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.

    More about this property
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