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Best Western Inn Rice Lake 2835 S Main St 57 Room Hotel Rice Lake, WI 54868 $4,350,000 ($76,316/Room)
Investment Highlights
- 57 Guestrooms, 2 stories, Interior Corridor
- Within an Opportunity Zone
- located within a 5 minute drive including Rice Lake Weighing Systems, Johnson Truck Bodies, Quanex Building Products, and Henry Repeating Arms
- Fully Renovated in 2024-2025 and Approved Auto Transfer
- Located in the economic hub of the city with major plants
- Close proximity to Rice Lake , the Cedar Side Walking Trail, and the Rice Lake Speedway, capturing significant seasonal tourism
Executive Summary
We are pleased to offer an exciting opportunity to purchase the fully renovated (2024-2025) Best Western Inn in Rice Lake, Wisconsin. This strategically located select-service hotel features 57 well-appointed guest rooms and suites and is fresh from a major remodel.
This exceptional asset is poised to capitalize on its prime positioning within the vibrant Rice Lake market, the regional economic hub of Barron County. Benefiting from immediate access via US Highway 53 (Exit 140), the hotel captures a diverse demand base of business and leisure travelers drawn to the area’s key economic drivers.
This exceptional asset is poised to capitalize on its prime positioning within the vibrant Rice Lake market, the regional economic hub of Barron County. Benefiting from immediate access via US Highway 53 (Exit 140), the hotel captures a diverse demand base of business and leisure travelers drawn to the area’s key economic drivers.
Property Facts
| Price | $4,350,000 | Building Size | 32,540 SF |
| Price Per Room | $76,316 | No. Rooms | 57 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1958/2018 |
| Property Subtype | Hotel | Parking Ratio | 2.83/1,000 SF |
| Building Class | C | Corridor | Interior |
| Lot Size | 3.99 AC | Opportunity Zone |
Yes
|
| Zoning | G2 - Commercial | ||
| Price | $4,350,000 |
| Price Per Room | $76,316 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 3.99 AC |
| Building Size | 32,540 SF |
| No. Rooms | 57 |
| No. Stories | 2 |
| Year Built/Renovated | 1958/2018 |
| Parking Ratio | 2.83/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | G2 - Commercial |
Amenities
- Business Center
- Fitness Center
- High Speed Internet Access
- On-Site Bar
- Public Access Wifi
- Smoke-Free
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | $172.00 | - |
| Guest Room | 53 | $147.00 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 276-8001-63-000 | Improvements Assessment | $1,827,800 |
| Land Assessment | $495,000 | Total Assessment | $2,322,800 |
Property Taxes
Parcel Number
276-8001-63-000
Land Assessment
$495,000
Improvements Assessment
$1,827,800
Total Assessment
$2,322,800
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
Bowman Post Group
Best Western Inn Rice Lake | 2835 S Main St
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