Paradise On Pelican | 507 Shariden Dr
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Paradise On Pelican 507 Shariden Dr
6 Room Hotel Pelican Lake, WI 54463 $1,170,000 ($195,000/Room)
Investment Highlights
- Recent renovations made to all cabins for interior and exterior.
- Rare opportunity for developed spring fed lake waterfront property.
- Sale includes existing business, already up and running.
- Property offers different room configurations for all party sizes.
Executive Summary
Live here and enjoy the income from the five other rental units. Brand new year-round 2-bedroom, full bath home less than fifty feet from the water’s edge. Property includes a newly installed aluminum pier and 2 car garage. Situated on a 1.48-acre lot with an additional 2 acres right across the street for potential storage units or maybe another future building with more lake views. The main Cabin 507; comes with 3 bedrooms 1 bath, wood burning fireplace, pine ceiling and walls, forced air furnace, and very close to the water’s edge. Cabin 502 sits just back off the lake with 2 bedrooms, full bath, knotty pine walls, screened in porch, and excellent view of the lake. Cabin 503 has 2 bedrooms, 1 bath, small kitchen living area with water views. The duplex, with a newly installed steel roof has 3 bedrooms, 1 bath, and electric heat. The rear of duplex has 1 bedroom and 1 full bath. Currently owned by an LLC but can be sold as condo units as all, condo association paperwork is ready to submit. Seller financing options available, please inquire for more information.
Property Facts
| Price | $1,170,000 | Building Size | 7,105 SF |
| Price Per Room | $195,000 | No. Rooms | 6 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 2010/2024 |
| Property Subtype | Hotel | Parking Ratio | 2.39/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Lot Size | 5.27 AC |
| Price | $1,170,000 |
| Price Per Room | $195,000 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 5.27 AC |
| Building Size | 7,105 SF |
| No. Rooms | 6 |
| No. Stories | 1 |
| Year Built/Renovated | 2010/2024 |
| Parking Ratio | 2.39/1,000 SF |
| Corridor | Exterior |
Amenities
- Patio
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 6 | $132.00 | - |
PROPERTY TAXES
| Parcel Number | 00601-0982-0000 | Improvements Assessment | $0 |
| Land Assessment | $153,700 | Total Assessment | $153,700 |
PROPERTY TAXES
Parcel Number
00601-0982-0000
Land Assessment
$153,700
Improvements Assessment
$0
Total Assessment
$153,700
zoning
| Zoning Code | G1 (Residential) |
| G1 (Residential) |
-
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Paradise On Pelican | 507 Shariden Dr
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