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Best Western Inn Rice Lake 2835 S Main St 57 Room Hotel Rice Lake, WI 54868 $6,055,461 CAD ($106,236 CAD/Room)
Investment Highlights
- 57 Guestrooms, 2 stories, Interior Corridor
- Within an Opportunity Zone
- located within a 5 minute drive including Rice Lake Weighing Systems, Johnson Truck Bodies, Quanex Building Products, and Henry Repeating Arms
- Fully Renovated in 2024-2025 and Approved Auto Transfer
- Located in the economic hub of the city with major plants
- Close proximity to Rice Lake , the Cedar Side Walking Trail, and the Rice Lake Speedway, capturing significant seasonal tourism
Executive Summary
We are pleased to offer an exciting opportunity to purchase the fully renovated (2024-2025) Best Western Inn in Rice Lake, Wisconsin. This strategically located select-service hotel features 57 well-appointed guest rooms and suites and is fresh from a major remodel.
This exceptional asset is poised to capitalize on its prime positioning within the vibrant Rice Lake market, the regional economic hub of Barron County. Benefiting from immediate access via US Highway 53 (Exit 140), the hotel captures a diverse demand base of business and leisure travelers drawn to the area’s key economic drivers.
This exceptional asset is poised to capitalize on its prime positioning within the vibrant Rice Lake market, the regional economic hub of Barron County. Benefiting from immediate access via US Highway 53 (Exit 140), the hotel captures a diverse demand base of business and leisure travelers drawn to the area’s key economic drivers.
Property Facts
| Price | $6,055,461 CAD | Building Size | 32,540 SF |
| Price Per Room | $106,236 CAD | No. Rooms | 57 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1958/2018 |
| Property Subtype | Hotel | Parking Ratio | 2.83/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 3.99 AC | Opportunity Zone |
Yes
|
| Zoning | G2 - Commercial | ||
| Price | $6,055,461 CAD |
| Price Per Room | $106,236 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.99 AC |
| Building Size | 32,540 SF |
| No. Rooms | 57 |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2018 |
| Parking Ratio | 2.83/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | G2 - Commercial |
Amenities
- Business Center
- Fitness Center
- High Speed Internet Access
- On-Site Bar
- Public Access Wifi
- Smoke-Free
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | $239.43 CAD | - |
| Guest Room | 53 | $204.63 CAD | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 276-8001-63-000 | Improvements Assessment | $2,578,697 CAD |
| Land Assessment | $698,356 CAD | Total Assessment | $3,277,053 CAD |
Property Taxes
Parcel Number
276-8001-63-000
Land Assessment
$698,356 CAD
Improvements Assessment
$2,578,697 CAD
Total Assessment
$3,277,053 CAD
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Best Western Inn Rice Lake | 2835 S Main St
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