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Key Details
Sold Price $765,000
Property Type Commercial
Sub Type Motel/Hotel/Bed & Brkfst
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 22100006
Sold Date 04/16/21
Annual Tax Amount $7,746
Tax Year 2020
Lot Size 2.110 Acres
Acres 2.11
Property Sub-Type Motel/Hotel/Bed & Brkfst
Property Description
Outstanding location (2.113 Acres) on the best part of Lake DuBay with 375 feet of frontage. This property has 10 units of rental space, an office with community laundry-2 coin washers and 1 commercial dryer, 10x16 storage building, appliances, 192 foot aluminum dock system (6+ slip potential), 2 wells, 4 septic systems, 1 attached garage, 1 2-car detached garage, boat ramp, swimming raft, and Riparian Rights. Currently 91% rented and $105,000 potential rental income. Tax forms are available upon request. This family business has been a success and the owner wants to retire. RENTED: Apt. 1: 1bedroom, 1 bath, stove, refrigerator, nat. gas & electric - $700/mo. utilities included; Apt. 2: 2 bedroom, 1 bath, stove, refrigerator, nat. gas & electric - $700/mo. utilities included; Apt. 3: 1 bedroom, 1 bath, stove, refrigerator, nat. gas & electric - $700/mo. utilities included; Home: 3 bedrooms, 2 baths, stove, refrigerator, nat. gas & electric - $1500/MO utilities included (owner/owner's family lives here but could be converted to 2 units).,South Cabin: 1 bedroom, nat. gas & electric - $850/mo. plus utilities; South Duplex: 1 bedroom, nat. gas & electric - $850/mo. plus utilities; North Duplex: 1 bedroom, nat. gas & electric - $850/mo. plus utilities; South Twin: 1 bedroom, electric - $900/mo. utilities included; North Twin: 1 bedroom, electric - $900/mo. utilities included. VACANT: Rustic: 1 bedroom, electric - $825/mo. plus utilities. More Information is available on the business website: lakeviewlogcabin.com. DIRECTIONS: I-39 to County Road DB, West on DB to Left on Wambold Drive to driveway on left.
Location
State WI
County Marathon
Zoning Commercial
Interior
Heating Electric, Natural Gas
Cooling Space Heater(s), Forced Air, Baseboard, Central Air, No Cooling, Window/wall AC
Exterior
Exterior Feature Wood
Roof Type Shingle
Building
Sewer Private Septic System, Well
New Construction N
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