701 State Rd 70 Grantsburg, WI 54840-7888
- Commercial real estate
- 3.14 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 701 State Rd 70
- Lot size
- 3.14 lot acres
- Property type
- Commercial real estate
- APN
- 07-131-2-38-19-22-1 02-000-011000
- APU
- 9223372036854775807
Description
This exceptional commercial property in Grantsburg, Wisconsin, presents a lucrative investment opportunity. The 12,000 square foot complex sits on a generous 3.14-acre lot and includes a well-maintained 22-unit motel, a car wash, and a laundry facility. The motel boasts 18 double queen rooms, two quad queen rooms, and one king suite, all recently remodeled. Six additional long-term rental apartments provide consistent income streams. The property also features a spacious lobby, a manager's apartment, and additional unfinished attic and basement space offering potential for expansion or storage. Located in a highly desirable vacation area near the Twin Cities, this property benefits from proximity to numerous recreational attractions. The Crex Meadows and Fish Lake Wildlife areas are within a mile or two, and the St. Croix River is approximately four miles away. Significant upgrades have been implemented within the last two years, ensuring the property is in excellent condition and ready for immediate operation. This turnkey business offers a unique blend of income-generating assets, making it an ideal investment for savvy entrepreneurs seeking a high return on investment in a thriving tourist destination. The property's size and diverse offerings provide ample opportunities for growth and expansion.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $330,000
- 6.5%
- $295,000
- 7%
- $290,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $285,000
- Geo Method
- $285,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $335,000
- Retail
- $290,000
- Mixed-Use
- $320,000
- Hospitality
- $295,000
- Educational
- $365,000
- Residential Income
- $345,000
- Energy
- $300,000
- Income-Based Land
- $325,000
- Food Service
- $340,000
Location Insight
- Map
- Local Demand
- City
- Grantsburg
- County
- Burnett
- State
- Wisconsin
- Longitude
- -92.6999
- Latitude
- 45.7719