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Green Lake Suites 488 South St 15 Room Hotel Green Lake, WI 54941 $1,800,000 ($120,000/Room)
Executive Summary
Green Lake Suites, LLC presents a unique investment opportunity. This property stands out not only for its prime location but also for its distinctive offering of 16 uniquely designed and furnished suites, including an owner's suite. Situated within steps of the water, Green Lake Suites benefits from its proximity to various local attractions. This includes being right in the heart of downtown, where guests can easily access restaurants, ice cream parlors, parks, marinas, and the public beach. Its enviable location across f from the marina and park further adds to its appeal, making it an attractive destination for those seeking a relaxing lakeside getaway. The sale represents a compelling opportunity for investors looking to enter or expand within the hospitality industry.
Property Facts
| Price | $1,800,000 | Lot Size | 0.55 AC |
| Price Per Room | $120,000 | Building Size | 8,000 SF |
| Sale Type | Investment | No. Rooms | 15 |
| Sale Condition | Business Value Included | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1958 |
| Property Subtype | Hotel | Parking Ratio | 2.38/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Zoning | G2 | ||
| Price | $1,800,000 |
| Price Per Room | $120,000 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 8,000 SF |
| No. Rooms | 15 |
| No. Stories | 1 |
| Year Built | 1958 |
| Parking Ratio | 2.38/1,000 SF |
| Corridor | Exterior |
| Zoning | G2 |
Amenities
- Multi-Room Suites
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 15 | $96.00 | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 231-00027-0100 | Improvements Assessment | $607,500 |
| Land Assessment | $196,500 | Total Assessment | $804,000 |
Property Taxes
Parcel Number
231-00027-0100
Land Assessment
$196,500
Improvements Assessment
$607,500
Total Assessment
$804,000
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
Green Lake Suites | 488 South St