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Green Lake Suites 488 South St 15 Room Hotel Green Lake, WI 54941 $2,562,714 CAD ($170,848 CAD/Room)
Executive Summary
Green Lake Suites, LLC presents a unique investment opportunity. This property stands out not only for its prime location but also for its distinctive offering of 16 uniquely designed and furnished suites, including an owner's suite. Situated within steps of the water, Green Lake Suites benefits from its proximity to various local attractions. This includes being right in the heart of downtown, where guests can easily access restaurants, ice cream parlors, parks, marinas, and the public beach. Its enviable location across f from the marina and park further adds to its appeal, making it an attractive destination for those seeking a relaxing lakeside getaway. The sale represents a compelling opportunity for investors looking to enter or expand within the hospitality industry.
Property Facts
| Price | $2,562,714 CAD | Lot Size | 0.55 AC |
| Price Per Room | $170,848 CAD | Building Size | 8,000 SF |
| Sale Type | Investment | No. Rooms | 15 |
| Sale Condition | Business Value Included | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1958 |
| Property Subtype | Hotel | Parking Ratio | 2.38/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | G2 | ||
| Price | $2,562,714 CAD |
| Price Per Room | $170,848 CAD |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 8,000 SF |
| No. Rooms | 15 |
| No. Stories | 1 |
| Year Built | 1958 |
| Parking Ratio | 2.38/1,000 SF |
| Corridor | Exterior |
| Zoning | G2 |
Amenities
- Multi-Room Suites
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 15 | $136.68 CAD | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 231-00027-0100 | Improvements Assessment | $864,916 CAD |
| Land Assessment | $279,763 CAD | Total Assessment | $1,144,679 CAD |
Property Taxes
Parcel Number
231-00027-0100
Land Assessment
$279,763 CAD
Improvements Assessment
$864,916 CAD
Total Assessment
$1,144,679 CAD
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Green Lake Suites | 488 South St
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