For Sale
$299,900

411 Southgate DrTomahawk, WI 54487

Profitable motel, 20 beds, near lakes & trails

Overview

Added:
Dec 11, 2024
Days on market:
119
This exceptional income-producing motel, the Moose Run Motel, presents a unique investment opportunity in Tomahawk, Wisconsin. Located at 411 Southgate Dr, 54487, this established property boasts 19 guest rooms and a separate one-bedroom, one-bathroom manager's apartment complete with a full kitchen. Spanning 4,717 square feet on a 0.63-acre lot (APN 286-3406-031-0023), the single-story building was constructed in 1950. The motel benefits from its convenient location near numerous lakes, ATV/snowmobile trails, and the downtown area of Tomahawk. Currently operating as a short-term rental, it also caters to weekly and monthly guests, including a reliable clientele from the local mill. The current owner, retiring after 17 years of operation, has successfully managed the property as a largely passive investment. This presents a compelling opportunity for a new owner to either maintain the existing passive income stream or actively manage the property to potentially increase profitability. The permitted zoning is to be verified by the buyer. The asking price for this established business is $299,900.

Highlights

  • Excellent passive investment opportunity, previously owner-operated.
  • Significant upside potential through active management or continued passive income generation.

Property Details for 411 Southgate Dr

Property type
Hospitality properties, Motels
Square Feet
4,717 SF
Year Built
1950
Buildings
1
Stories
1
Lot Size (sq. ft)
27,443 SF

Location Insight

City
Tomahawk
County
Lincoln
State
Wisconsin
Latitude
45.466147
Longitude
-89.7329297
411 Southgate Dr, Tomahawk, Wisconsin

FAQs

What type of property is this?
Hospitality property - Profitable motel, 20 beds, near lakes & trails
Where is the hospitality property located?
The property is located at 411 Southgate Dr Tomahawk, WI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Excellent passive investment opportunity, previously owner-operated.; Significant upside potential through active management or continued passive income generation.;
How can I contact the broker?
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411 Southgate Dr
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