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    8135 Us-51 Minocqua, WI 54548

    For Sale
    $599,000

    Prime Hwy 51 location, endless possibilities.

    Property size:
    2,502 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional commercial/residential property in Minocqua, Wisconsin, presents a unique investment opportunity. Located on the west side of Highway 51, boasting an estimated 15,950 daily vehicles (per Wisconsin DOT), this property offers 2,502 square feet across three buildings situated on a 35,719 square foot lot. The main building, completely renovated inside, is zoned for short-term rentals, providing potential rental income. A separate 12' x 27' shop building, featuring newer flooring and year-round climate control, previously operated as a bait shop and is ideal as a showroom. The property's prime location offers direct frontage on Lake Minocqua, complete with a pier, and provides convenient access to a snowmobile trail. Two access points ensure easy navigation. Its proximity to downtown Minocqua and local amenities adds to its appeal. Utilities include city water/sewer, natural gas, and Charter high-speed internet. This all-encompassing property offers a blend of commercial and residential potential, allowing for diverse uses and income streams. The asking price is $599,000. This is a rare chance to own a versatile property in a desirable Wisconsin location.

    Property Features for 8135 Us-51

    General Information

    Property type
    Motels
    Square Feet
    2,502 SF

    HighLights

    • $599,000 asking price.
    • 2,502 square foot building on a 35,719 square foot lot.
    • Located on US‑51 in Minocqua, WI, with an estimated 15,950 daily traffic count.
    • Includes three buildings offering commercial and residential potential, including a renovated residence suitable for short‑term rentals.
    • Lake Minocqua frontage with pier, snowmobile trail access, and city utilities (water, sewer, natural gas, high‑speed internet).
    Property Profile Location Intelligence

    Current Use by Public Records

    Motels

    Map

    City
    Minocqua
    County
    Oneida
    State
    Wisconsin
    Longitude
    -89.7052955
    Latitude
    45.8568022

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    FAQs

    What type of property is this?
    Motel - Prime Hwy 51 location, endless possibilities.
    Where is this motel located?
    The property is located at 8135 Us-51 Minocqua, WI.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: $599,000 asking price.; 2,502 square foot building on a 35,719 square foot lot.; Located on US-51 in Minocqua, WI, with an estimated 15,950 daily traffic count.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    8135 Us-51 Minocqua, WI 54548
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