1844 20th Ave | Arkdale, WI 54613
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1844 20th Ave
Arkdale, WI 54613
Northern Bay Resort & Golf Course · Hospitality Property For Sale · 25,500 SF
Investment Highlights
- Profitable, well-known resort and golf course on beautiful Castle Rock Lake, the 4th largest lake in WI - 11.64% cap rate
- Rental Pool Management - 224 luxury condo units in the association, 2 owned units included in the sale price
- Activities and amenities include the Island View Pub & Grille, seasonal Tiki Bar, event space, sports courts, pool, marina, fitness center, etc.
- 18-hole championship golf course featuring 7 holes replicated from PGA Tour courses
- Currently 32 condo units and 2 5-bedroom homes are in the rental pool (39 keys)- opportunity to add more for increased revenue
- Additionally available, separate from the sale price, are 8.5 acres of development land
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 2004 |
| Building Class | B | Parking Ratio | 2.55/1,000 SF |
| Lot Size | 205.47 AC | Corridor | Exterior |
| Building Size | 25,500 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 205.47 AC |
| Building Size | 25,500 SF |
| No. Stories | 2 |
| Year Built | 2004 |
| Parking Ratio | 2.55/1,000 SF |
| Corridor | Exterior |
Amenities
- Balcony
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- Golf Course
- On-Site Bar
- Meeting Event Space
- Tennis
- Wedding Venue
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Fully-Equipped Kitchen
- Multi-Room Suites
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $714,800 | |
| Land Assessment | $245,400 | Total Assessment | $960,200 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$245,400
Improvements Assessment
$714,800
Total Assessment
$960,200
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