240 Fond Du Lac StRipon, WI 54971

Property Details for 240 Fond Du Lac St

Year built

1970

Lot size

0.69 AC

Property size (Sq ft)

17,600 SF

Zone code

2

Property type

Commercial real estate

APN

RIP-16-14-99-BR-010-00

APU

RIP161499BR01000

Description

This exceptional investment opportunity presents a 17,600 square foot, 38-room hotel situated on a 0.92-acre lot in Ripon, Wisconsin. Located on the city's most prominent commercial corridor, this property boasts a substantial 200-seat banquet hall complete with a bar and dance floor, ideal for weddings, corporate events, and other large gatherings. The hotel also features a spacious lobby, a dedicated breakfast room, and convenient guest laundry facilities. Recent improvements include a complete roof replacement and the installation of two new water heaters in September 2022, ensuring efficient and cost-effective operation. The property's significant potential extends beyond its current configuration. The 0.92-acre lot includes two additional parcels at 416 and 418 Houston Street, offering ample space for expansion of the existing hotel or the construction of a secondary commercial building. This presents a unique chance to increase revenue streams and further capitalize on the property's prime location. The asking price for this remarkable property is $890,000. An adjacent single-family home is available separately, providing additional investment possibilities. This is a rare chance to acquire a well-maintained, established business with significant upside potential in a thriving Wisconsin community.

Location Insight

City

Ripon

County

Fond Du Lac

State

Wisconsin

Latitude

43.8421

Longitude

-88.8357

CBSA code

22540

CBSA name

FOND DU LAC, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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