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Schlecht's Resort 317 E Park Ave 12 Room Hotel Minocqua, WI 54548 $4,950,000 ($412,500/Room)
INVESTMENT HIGHLIGHTS
- Historic home and resort on the shores of Lake Minocqua.
- Located with easy access to all Minocqua has to offer.
- Includes a home, duplex, 4 waterfront cottages and 6 kitchenette units.
EXECUTIVE SUMMARY
Unique commercial investment in downtown Minocqua! Schlecht’s Resort has been family owned & operated for 3 generations. Offering a historic home with timeless elegance shown in its grand entrance, stained glass and well-preserved wood details, it takes you back in time while offering modern comfort. Surrounding this piece of history are 4 inviting waterfront cottages, 6 well-appointed kitchenette units, duplex & 2 permanent piers for all watercraft. All situated on 343’ sand frontage, with southern exposure on well sought after LAKE MINOCQUA. Walking distance to shopping, dining & nightlife, the location can not be beat. With a rich history & rental track record, this resort is an ideal investment for those seeking opportunity. Alternatively, the potential for redevelopment opens doors to creating what a new owner envisions in this scenic location. Favorable zoning will allow for continuation as a commercial endeavor, resort, condominiums, marina...all will be possible here.
PROPERTY FACTS
| Price | $4,950,000 | Lot Size | 0.59 AC |
| Price Per Room | $412,500 | Building Size | 8,511 SF |
| Sale Type | Investment | No. Rooms | 12 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1906 |
| Building Class | C | Corridor | Exterior |
| Zoning | B-1 - Business | ||
| Price | $4,950,000 |
| Price Per Room | $412,500 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.59 AC |
| Building Size | 8,511 SF |
| No. Rooms | 12 |
| No. Stories | 2 |
| Year Built | 1906 |
| Corridor | Exterior |
| Zoning | B-1 - Business |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
PROPERTY TAXES
| Parcel Number | 01601-3415-0000 | Improvements Assessment | $234,300 |
| Land Assessment | $580,000 | Total Assessment | $814,300 |
PROPERTY TAXES
Parcel Number
01601-3415-0000
Land Assessment
$580,000
Improvements Assessment
$234,300
Total Assessment
$814,300
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Schlecht's Resort | 317 E Park Ave
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