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667 W Kemp St
Rhinelander, WI 54501
Rodeway Inn Rhinelander · Hospitality Property For Sale
·
16,750 SF

INVESTMENT HIGHLIGHTS
- Original Property Owner – Pride of Ownership – Absentee Owned
- Well Maintained Property/Minimal Change of Ownership PIP Anticipated
- Manager’s Living Quarters Onsite
- Strong Leisure Market
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1988/2024 |
| Building Class | C | Parking Ratio | 2.81/1,000 SF |
| Lot Size | 2.11 AC | Corridor | Interior |
| Building Size | 16,750 SF | ||
| Zoning | C - Commercial Hospitality | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.11 AC |
| Building Size | 16,750 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1988/2024 |
| Parking Ratio | 2.81/1,000 SF |
| Corridor | Interior |
| Zoning | C - Commercial Hospitality |
AMENITIES
- High Speed Internet Access
- Patio
- Public Access Wifi
ABOUT 667 W KEMP ST , RHINELANDER, WI 54501
Cushman & Wakefield has been exclusively retained to solicit offers to purchase the fee simple interest in the Rodeway Inn (“Property”), a limited-service, 41-room hotel located in the city of Rhinelander in the heart of Wisconsin’s Northwoods. Rhinelander acts as the regional retail, recreational, commercial and industrial base of Northern Wisconsin and upper Michigan. The property is still owned by its original developer and has been well maintained. A minimal change of ownership PIP is anticipated. The property converted to a Rodeway in March 2018. An investor looking to act as an owner-operator can improve operations and reduce expenses thus boosting net income. Conveniently located east of the intersection of Highways 8 and 47 and only 2 miles from Rhinelander-Oneida County Airport, the hotel is located in a prime leisure and destination market with direct access to multiple recreational areas, state parks, national forests, trails, golf courses and several lakes. The property offers convenient access to nearby attractions including Hodag Park, Wisconsin River Cruises, Lakes George and Julia, Rhinelander Country Club, Northwood Golf Course as well as miles of ski, snowmobile, snowshoe, and hiking trails. In addition, the hotel is only 2 miles from Historic Downtown Rhinelander and 5 miles from Nicolet College and Ascension St. Mary’s Hospital. Rodeway Inn Ironwood provides an excellent opportunity to acquire a well-maintained, absentee owned hotel in a prime vacation and recreational area in the heart of the Northwoods of Wisconsin.
LINKS
PROPERTY TAXES
| Parcel Number | 27601-9001-1609 | Improvements Assessment | $566,800 |
| Land Assessment | $293,800 | Total Assessment | $860,600 |
PROPERTY TAXES
Listing ID: 18568420
Date on Market: 2/19/2020
Last Updated:
Address: 667 W Kemp St, Rhinelander, WI 54501
The Hospitality Property at 667 W Kemp St, Rhinelander, WI 54501 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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