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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
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.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
27601-9001-1609
Land Assessment
$293,800
Improvements Assessment
$566,800
Total Assessment
$860,600
  • Listing ID: 18568420

  • Date on Market: 2/19/2020

  • Last Updated:

  • Address: 667 W Kemp St, Rhinelander, WI 54501

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