411 Southgate Dr Tomahawk, WI 54487
- Hospitality properties
- 4,717 SF
- 0.63 lot acres
Current Use by Public Records
- Moose Run motel / Motel / Hotel
Property Details for 411 Southgate Dr
- Year built
- 1950
- Lot size
- 0.63 lot acres
- Property size
- 4,717 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional income-producing motel, the Moose Run Motel, presents a unique investment opportunity in Tomahawk, Wisconsin. Located at 411 Southgate Dr, 54487, this established property boasts 19 guest rooms and a separate one-bedroom, one-bathroom manager's apartment complete with a full kitchen. Spanning 4,717 square feet on a 0.63-acre lot (APN 286-3406-031-0023), the single-story building was constructed in 1950. The motel benefits from its convenient location near numerous lakes, ATV/snowmobile trails, and the downtown area of Tomahawk. Currently operating as a short-term rental, it also caters to weekly and monthly guests, including a reliable clientele from the local mill. The current owner, retiring after 17 years of operation, has successfully managed the property as a largely passive investment. This presents a compelling opportunity for a new owner to either maintain the existing passive income stream or actively manage the property to potentially increase profitability. The permitted zoning is to be verified by the buyer. The asking price for this established business is $299,900.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tomahawk
- County
- Lincoln
- State
- Wisconsin
- Longitude
- -89.7329
- Latitude
- 45.4661
