451 E Grand Ave | Wisconsin Rapids, WI 54494
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- LoopNet Team
451 E Grand Ave
Wisconsin Rapids, WI 54494
Hotel Mead Resort & Convention Center · Hospitality Property For Sale · 139,000 SF
Investment Highlights
- 2 Room Towers/150 Guest Rooms; Built in 1978 and 1998, concrete & steel construction
- 51.64% Occ @ $90.25 ADR = $46.61 RevPAR (T12 October 2023)
- Independent Hotel unencumbered of franchise, buyer’s option to keep independent or add a franchise
- T12 September 2023 Room Revenue almost $2.4M; Total Revenue almost $2.9M.
- #1 Traveler Ranked Hotel on Trip Advisor in Wisconsin Rapids
- 12 Meeting Rooms with up to 17,000 SF of Meeting Space; Amenities include the onsite restaurant “The Whitney”, pool, hot tub, sauna, fitness room
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 5 |
| Property Subtype | Hotel | Year Built/Renovated | 1951/2013 |
| Building Class | B | Parking Ratio | 0.57/1,000 SF |
| Lot Size | 5.46 AC | Corridor | Interior |
| Building Size | 139,000 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 5.46 AC |
| Building Size | 139,000 SF |
| No. Stories | 5 |
| Year Built/Renovated | 1951/2013 |
| Parking Ratio | 0.57/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Hot Tub
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,533,800 | |
| Land Assessment | $569,100 | Total Assessment | $3,102,900 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$569,100
Improvements Assessment
$2,533,800
Total Assessment
$3,102,900
zoning
| Zoning Code | B-2 |
| B-2 |
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