201 Front St Minocqua, WI 54548
- Hospitality properties
- 4,513 SF
Current Use by Public Records
- Parkside Gallery & Framing / Store / Art Dealer
Property Details for 201 Front St
- Property size
- 4,513 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional 4,513 square foot hotel/motel in downtown Minocqua, Wisconsin, presents a lucrative investment opportunity. Situated on a 3,920 square foot lot at the corner of Front and Flambeau Streets, this well-known property boasts a historic red brick exterior and superb visibility from three sides. Currently operating at 100% occupancy, the building includes four apartments generating approximately $26,400 in annual gross rent. The spacious interior features a showroom, office, break room, bathroom, upper level display areas, and a workshop – all adaptable to various uses. The building benefits from high year-round foot traffic, easy access to public parking and island city amenities, and is equipped with three furnaces and three water heaters (all replaced within the last seven years). Utilities include natural gas, city water/sewer, and high-speed cable internet. This multi-family/multi-unit property offers significant potential for growth and return on investment in a desirable location. The asking price is $485,000. Note: The established gallery business is not included in the sale; real estate only.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Minocqua
- County
- Oneida
- State
- Wisconsin
- Longitude
- -89.7114
- Latitude
- 45.8712
