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Tarragon Motel W1915 Flame Rd 18 Room Hotel Marinette, WI 54143 $1,005,169 CAD ($55,843 CAD/Room) 19.11% Cap Rate
INVESTMENT HIGHLIGHTS
- Large lot with extra few acres in the back. Lots of potential.
- Solid concrete block construction
- Big tourist and busienss area
EXECUTIVE SUMMARY
This is a 18-room motel with a 2-BR Manager's apartment, a rental apartment and a common area equipped for guest laundry and cooking along the bank of Lake Michigan and State Highway 41. Tourist and business area. Very close to fishing tournaments, Marinette shipyard, a regional hospital and cancer center, and Waupaca foundry. Huge parking lot and electric outlets for boat plug in and truck parking. Official snowmobile track runs inside the property. Well water with no water bill. Large lot with extra few
acres in the back with lots of potential, such as self-storage. Daily rentals and weekly rentals make this business great all year round. Absentee owner wants to retire. Asking $725,000. PLEASE DO NOT CALL THE PROPERTY! Call (737) 217-7817. I also respond to text messages quickly.
acres in the back with lots of potential, such as self-storage. Daily rentals and weekly rentals make this business great all year round. Absentee owner wants to retire. Asking $725,000. PLEASE DO NOT CALL THE PROPERTY! Call (737) 217-7817. I also respond to text messages quickly.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$311,949
|
$70.90
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$119,858
|
$27.24
|
| Net Operating Income |
$192,091
|
$43.66
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $311,949 |
| Annual Per SF | $70.90 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $119,858 |
| Annual Per SF | $27.24 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $192,091 |
| Annual Per SF | $43.66 |
PROPERTY FACTS
| Price | $1,005,169 CAD | Lot Size | 3.70 AC |
| Price Per Room | $55,843 CAD | Building Size | 4,400 SF |
| Sale Type | Investment | No. Rooms | 18 |
| Cap Rate | 19.11% | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1989/2016 |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | ||
| Zoning | C | ||
| Price | $1,005,169 CAD |
| Price Per Room | $55,843 CAD |
| Sale Type | Investment |
| Cap Rate | 19.11% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.70 AC |
| Building Size | 4,400 SF |
| No. Rooms | 18 |
| No. Stories | 1 |
| Year Built/Renovated | 1989/2016 |
| Corridor | Exterior |
| Zoning | C |
AMENITIES
- Room Service
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 18 | $79.03 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 024-01119.000 | Improvements Assessment | $440,587 CAD (2024) |
| Land Assessment | $61,863 CAD (2024) | Total Assessment | $502,450 CAD (2024) |
PROPERTY TAXES
Parcel Number
024-01119.000
Land Assessment
$61,863 CAD (2024)
Improvements Assessment
$440,587 CAD (2024)
Total Assessment
$502,450 CAD (2024)
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Presented by
Alice Yip
Tarragon Motel | W1915 Flame Rd
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