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    100 Silver St Hurley, WI 54534

    For Sale
    $569,000

    Profitable 18-room motel, seller financing available.

    Property size:
    6,990 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 18-room motel in Hurley, Wisconsin presents a compelling investment opportunity. Built in 1960 and renovated in 2019, the property boasts 6,990 square feet on a 14,810 square foot lot. The two-story building includes 18 keys, offering ample guest accommodations. Each room has two parking spaces. The property also features an office and basement space. Seller financing is available with attractive terms. The asking price is $569,000, translating to $81.40 per square foot and $31,611.11 per bed. This turnkey operation provides a consistent income stream, making it an ideal investment for those seeking a profitable venture in the hospitality sector. Located at 100 Silver St, Hurley, WI 54534, this established motel offers a chance to capitalize on a thriving market. The property's history and recent renovations combine to create a strong foundation for future success. This is a rare opportunity to acquire a well-maintained, income-generating motel in a desirable location.

    Property Features for 100 Silver St

    General Information

    Property type
    Motels
    Square Feet
    6,990 SF

    Building Details

    Year Built/Renovated
    1960/2019
    Buildings
    1
    Stories
    2

    HighLights

    • $569,000 asking price for an 18‑room motel.
    • 6,990 square feet on a 14,810 square foot lot.
    • 18 keys, with 2 parking spaces per key.
    • Built in 1960, renovated in 2019.
    • Located at 100 Silver St, Hurley, WI 54534.
    Property Profile Location Intelligence

    Current Use by Public Records

    Love Hotels on Silver ... Hotel

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Hurley
    County
    Iron
    State
    Wisconsin
    Longitude
    -90.1807965
    Latitude
    46.4501843

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    FAQs

    What type of property is this?
    Motel - Profitable 18-room motel, seller financing available.
    Where is this motel located?
    The property is located at 100 Silver St Hurley, WI.
    What is the asking price?
    The asking price for this property is $569,000.
    What are key features of this property?
    This property features: $569,000 asking price for an 18-room motel.; 6,990 square feet on a 14,810 square foot lot.; 18 keys, with 2 parking spaces per key.
    Request Owner's contact information
    100 Silver St Hurley, WI 54534
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    Hurley, WI 54534
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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
    100 Silver St Hurley, WI 54534
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