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- LoopNet Team
11390 South 5th St E
Solon Springs, WI 54873
St. Croix Inn · Hospitality Property For Sale
·
20,691 SF
INVESTMENT HIGHLIGHTS
- 12.64% Cap Rate - Profitable, lakefront resort situated on 1.51 acres with 200 feet of water frontage for guests to enjoy
- 5 of the 38 units are cabins that will be rented starting in May 2022; these will generate significantly more revenue than the existing hotel units
- Constructed in 1986 and has been continually updated over the past five years; there are few capital improvement or FF&E replacement needs
- The Property consists of thirty-eight (38) units plus an owner's apartment, lobby, bar area, pool and hot tub, banquet room, and employee housing
- Located on Upper Saint Croix Lake which covers more than 828 acres
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built | 1986 |
| Building Class | B | Parking Ratio | 5.9/1,000 SF |
| Lot Size | 2.02 AC | Corridor | Exterior |
| Building Size | 20,691 SF | ||
| Zoning | C2 - C2-Highway Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.02 AC |
| Building Size | 20,691 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 5.9/1,000 SF |
| Corridor | Exterior |
| Zoning | C2 - C2-Highway Commercial |
AMENITIES
- Balcony
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Wedding Venue
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Multi-Room Suites
ABOUT 11390 SOUTH 5TH ST E , SOLON SPRINGS, WI 54873
The Property is located in the village of Solon Springs in Douglas County, WI, on the Upper Saint Croix Lake. Solon Springs is a small town in Northern Wisconsin with a population of 600 according to the 2010 censes. The property has approximately 200 feet of water frontage on the Upper Saint Croix Lake which consists of 828 acres and has a max depth of 22 feet. The Upper Saint Croix Lake is near Lake Superior and visitors can access to the lake from public boat landings and a public beach. Many varieties of fish can be found in the lake, some of which include, Musky, Largemouth Bass, Smallmouth bass, Northern Pike, Walleye, Sturgeon and Catfish. Enjoy, boating, water skiing, kayaking, canoeing, swimming, tubing and much more on the lake. The Property has has 2 beautiful Pontoon boats available to rent for the day or just 3 hours if guests are short on time. The Property is located approximately 40 miles southeast of the popular port city on Lake Superior known as Duluth. This popular tourist destination for the Midwest is known for the nation's only all-freshwater aquarium, the Great Lakes Aquarium. Duluth is also known for its waterfront Lakewalk Trail which passes along Canal Park, with views of the 1905 Aerial Lift Bridge. Distances from larger Cities: Duluth, MN - 37 miles southeast of Duluth Minneapolis, MN - 160 miles northeast of Minneapolis Green Bay, WI - 298 miles west of Green Bay Milwaukee, WI - 390 miles northwest of Milwaukee Local airports include, Superior, WI (33 miles) and Hayward, WI (40 miles). Nearby International airports include, Duluth International Airport (48 miles) and Minneapolis-Saint Paul International Airport (160 miles).
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,839,800 | |
| Land Assessment | $281,400 | Total Assessment | $2,121,200 |
PROPERTY TAXES
