For Sale
$699,000

9293N County HwyHayward, WI 54843

Profitable Lakeside Resort; 10 Beds, 12 Acres

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents the Wilderness Haven Resort, a profitable hospitality and mixed-use property nestled on over 12 acres in Hayward, Wisconsin. The resort boasts five charming seasonal log cabins, each equipped with modern amenities including water, septic, window air conditioning, gas fireplaces, full kitchens, and sleeping quarters. Cabin sizes range from 336 to 996 square feet, offering a variety of accommodations. The resort also features a substantial lodge with 1440 square feet of finished lower-level space and an additional 3600 square feet of unfinished space on the main and upper levels, presenting significant expansion potential. Currently operating as a successful seasonal resort, primarily rented weekly during spring, summer, and fall, the property includes pontoons for guest use on Spring Lake. The property's zoning permits residential, recreational, and forestry uses, offering flexibility for future development. With a total of 4,306 square feet, a net rentable area of 2,866 square feet, and a pro-forma NOI of $70,000, this property offers a compelling 10.01% pro-forma cap rate. The asking price is $699,000, translating to $162.33 per square foot. The property is anticipated to be available for occupancy on September 1, 2024. This unique property offers a blend of established income and significant upside potential, making it an ideal investment for those seeking a tranquil lakeside retreat with substantial return. The property's APN is 40083.

Highlights

  • $699,000 asking price for this mixed-use hospitality property.
  • Class C motel with 4,306 total square feet and 2,866 square feet of net rentable space.
  • 10.01% pro-forma cap rate with a $70,000 pro-forma NOI.
  • Located on 12.57 acres in Hayward, WI, with a Sawyer County APN of 40083.
  • Features five seasonal cabins and a partially finished lodge, currently operating as a seasonal resort.
  • Includes 10 beds across multiple units, spread across a two-story building.

Property Details for 9293N County Hwy

Property type
Mixed-use properties, Hospitality properties
Square Feet
4,306 SF
Class
C
Stories
2
Lot Size (sq. ft)
547,549 SF

Location Insight

City
Hayward
County
Sawyer
State
Wisconsin
Latitude
45.9467075
Longitude
-91.3867031
9293N County Hwy, Hayward, Wisconsin

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9293N County Hwy
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