9854 Wi-27 Hayward, WI 54843
- Hospitality properties
- 5,228 SF
- 2.65 lot acres
Current Use by Public Records
- Hospitality properties
Property Details for 9854 Wi-27
- Year built
- 1980
- Lot size
- 2.65 lot acres
- Property size
- 5,228 SF
- Property type
- Hospitality properties
- Property subtype
- Motels
Description
This exceptional investment opportunity presents a meticulously maintained, 9-room motel with an attached owner's residence situated on a spacious 2.65-acre lot just south of downtown Hayward, WI. The property boasts a prime location off State Highway 27, offering convenient access while maintaining a serene atmosphere. Recent renovations (2021-2024) have modernized all nine guest rooms, each equipped with contemporary amenities. Nine dedicated parking spaces cater to guests, supplemented by ample trailer parking. Outdoor amenities include a covered entry, WiFi, playground, firepit, and picnic table. The attached owner's residence provides comfortable living, featuring a main-level bedroom, full bathroom, open-concept living and dining area with vaulted ceilings, a galley kitchen, and two versatile lofts. A heated, two-car detached garage offers additional storage. The motel's strong financial performance is reflected in its current NOI of $67,409 and a pro-forma NOI of $79,325, yielding a current cap rate of 10.37% and a pro-forma cap rate of 12.20%. Built between 1980 and 1991, this single-story, 5,228 square foot building sits on a lot with Residential zoning (APN 13289). This turnkey operation offers a unique blend of business and residential living in a desirable location. The asking price is $650,000.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hayward
- County
- Sawyer
- State
- Wisconsin
- Longitude
- -91.4981
- Latitude
- 45.9889
