606 Lake Ave Phillips, WI 54555

Property Details for 606 Lake Ave

Lot size

1.04 lot acres

Property type

Commercial real estate

APN

50-272-4-37-01-18-5 05-005-01000

APU

9223372036854775807

Description

This exceptional 8,180 square foot commercial property presents a lucrative investment opportunity in the vibrant town of Phillips, Wisconsin. Situated on over one acre of land (1.04 acres to be exact) and boasting 22 individual motel units, this turnkey operation is ideally positioned on Highway 13, ensuring high visibility and consistent traffic flow. The motel's prime location directly across from Elk Lake is a significant draw for outdoor enthusiasts, capitalizing on the area's renowned fishing and hunting attractions. Ample on-site parking caters to guests arriving with boats and trailers. The property includes a convenient office space, with one unit situated above offering potential for on-site living quarters. This presents a unique opportunity for an owner-operator to live and work on the premises. The existing business is a proven success, offering immediate income potential. With its substantial size and prime location, this property offers significant upside for a creative and ambitious business owner. The property's established clientele and strong location make this a rare find in the thriving Phillips market. This is a chance to acquire a well-established business with significant growth potential in a desirable location. The property is ready for a new owner to step in and continue its success.