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Aspen Inn 16154 US 63 Hwy 20 Room Hotel Hayward, WI 54843 $975,000 ($48,750/Room)
Investment Highlights
- Turn-key hospitality and investment opportunity
- features 20 guest rooms consisting of 1 King, 3 Queen, and 16 Double-Full rooms
- well-maintained and partially updated property
Executive Summary
Turn-key hospitality and investment opportunity in the heart of Wisconsin's Northwoods! The Aspen Inn Motel is a well-maintained and partially updated property offering everything needed to continue operating a successful lodging business or expand its potential. The motel features 20 guest rooms consisting of 1 King, 3 Queen, and 16 Double-Full rooms, with many recent improvements including updated flooring, remodeled bathrooms, newer beds, and fresh interior finishes. Guests will appreciate the inviting outdoor gathering space complete with a fire pit, picnic tables, and BBQ area, creating the perfect atmosphere for families, vacationers, hunters, anglers, ATV/UTV riders, snowmobilers, and outdoor enthusiasts. The sale also includes a 3-bedroom, 1-bath detached owner's residence with a full unfinished basement, providing comfortable on-site living or additional rental potential. A 4-car detached garage and pole shed with lean-to offer abundant storage for maintenance equipment, supplies, recreational vehicles, or future business expansion. Additional improvements include a new concrete apron surrounding the motel, city water and sewer (converted from private well and septic), an efficient natural gas boiler with radiant heat, and updated LED exterior signage. The property is being sold with linens, housekeeping supplies, yard equipment, snow plow, and many operational necessities, making this a true turnkey opportunity. Whether you're an experienced hospitality operator or looking to invest in Wisconsin's thriving tourism industry, the Aspen Inn Motel offers a rare opportunity with established infrastructure, numerous updates, and room for future growth.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $975,000 | Building Size | 8,125 SF |
| Price Per Room | $48,750 | No. Rooms | 20 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1980 |
| Property Subtype | Hotel | Parking Ratio | 1.1/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 2.73 AC | Opportunity Zone |
Yes
|
| Zoning | C1 - (CITY C-1) City Commercial One | ||
| Price | $975,000 |
| Price Per Room | $48,750 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.73 AC |
| Building Size | 8,125 SF |
| No. Rooms | 20 |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 1.1/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C1 - (CITY C-1) City Commercial One |
Amenities
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 20 | $45.00 | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 236-941-28-3106 | Total Assessment | $684,200 |
| Land Assessment | $151,300 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $532,900 | Tax Year | 2025 |
Property Taxes
Parcel Number
236-941-28-3106
Land Assessment
$151,300
Improvements Assessment
$532,900
Total Assessment
$684,200
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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