The Narrows Resort 7952 Narrows Rd 18 Room Hotel Minocqua, WI 54548 $4,950,000 ($275,000/Room)
INVESTMENT HIGHLIGHTS
- Active resort on the Minocqua Chain of Lakes.
- 30+ acre property with 7 cabins + main home/office.
- Originally established over 100 years ago.
EXECUTIVE SUMMARY
The Opportunity of a lifetime on the shores of Tomahawk Lake in Minocqua, Wisconsin. It’s been ages since a Property of this stature could be obtained on the renowned Minocqua Chain. Active resort, originally established over 100 years ago, owned & operated by the same family since 1963. Expansive 945’ of sandy shores with sought-after southern exposure. Multi-Family Zoning. Minocqua lakefront legacy, located off Country Club Rd, at the end of a town road. Adjacent to State Lands & The Schlecht Lake Ski, bike & hike trails. Nearby The Minocqua Country Club & Lakeside Bar & Grill. Long driveway through the 30+ Acres, across a lakeside land bridge leads into the nostalgic resort that exudes the epitome of a Northwoods Currier and Ives vibe. Gambrel roofed main home / office built in the 1920s and 7 seasonal cabins tranquilly situated along the shoreline. Scenic walking trail leads to the back land & an open field that is prime for recreation or expansion.
PROPERTY FACTS
| Price | $4,950,000 |
| Price Per Room | $275,000 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 30.30 AC |
| Building Size | 1,008 SF |
| No. Rooms | 18 |
| No. Stories | 1 |
| Year Built | 1920 |
| Corridor | Exterior |
| Zoning | Multi-Family |
AMENITIES
- Patio
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 7 | $135.00 | - |
| Guest Room | 11 | $103.00 | - |
PROPERTY TAXES
| Parcel Number | 01601-2350-0000 | Improvements Assessment | $223,500 |
| Land Assessment | $1,751,700 | Total Assessment | $1,975,200 |
