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2401 S Main St
Rice Lake, WI 54868

Super 8 by Wyndham Rice Lake · Hospitality Property For Sale · 21,118 SF

INVESTMENT HIGHLIGHTS

  • 46-Room, Two-Story, Interior-Corridor Hotel Recently Renovated
  • Located in Downtown Rice Lake
  • Offered Fee Simple, Unencumbered by a Management Contract or Debt
  • Priced Below Replacement Cost at $33,152 per Key
  • Recorded a Healthy Net-Operating Income of 26.4 Percent of Total Revenues

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.81 AC
Building Size 21,118 SF
No. Stories 2
Year Built/Renovated 1985/2014
Parking Ratio 3.6/1,000 SF
Corridor Interior

AMENITIES

  • Business Center
  • High Speed Internet Access
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free

ABOUT 2401 S MAIN ST , RICE LAKE, WI 54868

Property Overview: The Super 8 by Wyndham Rice Lake is a 46-room, two-story property that includes room features such as a desk with ergonomic chair, refrigerator, microwave, sitting area, and select rooms feature a sofabed. The common areas feature a breakfast area, lobby, coined laundry facility, and business center. There is also an owner's apartment with two bedrooms and a kitchen. Location Overview: Rice Lake, Wisconsin is located in the upper northwest corner of the state and is approximately two hours from Minneapolis, Minnesota. The region is located in the Red Cedar River valley and is the largest community in the county. Industry sectors in the city are manufacturing, commerce, manufacturing, health, and educational services. Super 8 by Wyndham Rice Lake is positioned on 2401 South Main near the interchange of U.S. Highway 53 and Highway 48. The Marshfield Medical Center, Rice Lake (3.8 miles) is an inpatient and outpatient facility that is a fully integrated medical campus offering comprehensive treatments for patients in the region. There are also two educational institutions in the region, the Wisconsin Indianhead Technical College (0.9 miles) and the University of Wisconsin Eau Claire at Barron County (1.5 miles). The campuses combined support over a thousand students and host scholastic events year-round. Another attraction for leisure and business travelers is the Turtleback Golf Course (3.6 miles) which offers over 4,500 square feet of event space between five different meeting rooms, three full-service bars, and a full-service kitchen. The venue is popular for golf events, weddings, meetings, and banquets. Christie Mountain (21.6 miles) is a sought-after attraction for leisure activities and has 21 ski runs from bunny to black diamond, and in the summer the mountain is known for its rock climbing sessions. Additionally, recreational activities popular in the region include fishing, boating, and hiking.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
276-8001-17-000
Land Assessment
$356,500
Improvements Assessment
$1,539,600
Total Assessment
$1,896,100

ZONING

Zoning Code Commercial
Commercial
  • Listing ID: 23721938

  • Date on Market: 7/20/2021

  • Last Updated:

  • Address: 2401 S Main St, Rice Lake, WI 54868

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