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Tarragon Motel W1915 Flame Rd 18 Room Hotel Marinette, WI 54143 $685,000 ($38,056/Room) 21.55% Cap Rate
Investment Highlights
- Profitable 18-19 room Motel with Manager Apartment on 4.55 Acres
- Owner-operator opportunity generating strong cash flow.
- Located near major employers and outdoor recreation in Marinette, Wisconsin.
- Established hospitality property serving contractors, regional travelers, fishermen, and hospital visitors.
- Large land parcel offers expansion potential for RV sites, cabins, or storage development.
Executive Summary
This is a 18-room motel with a 2-BR Manager's apartment, a rental apartment and a common area equipped for guest laundry and cooking along the bank of Lake Michigan and State Highway 41. Tourist and business area. 5 minutes to Walmart and hospital. Very close to fishing tournaments, Marinette shipyard, and local job centers. Huge parking lot and electric outlets for boat plug in and truck parking. Official snowmobile track runs inside the property. Well water with no water bill. Large lot with extra few acres in the back with lots of potential, such as self-storage and RV park. Daily rentals and weekly rentals make this business great all year round. Absentee owner wants to retire. Asking $685,000. PLEASE DO NOT CALL THE PROPERTY! If interested, please sign the attached NDA and email it to me so I can provide a more detailed P/L. Any questions, please call (737) 217-7817. I also respond to text messages quickly.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$225,000
|
$51.14
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$86,450
|
$19.65
|
| Net Operating Income |
$138,550
|
$31.49
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $225,000 |
| Annual Per SF | $51.14 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $86,450 |
| Annual Per SF | $19.65 |
| Net Operating Income | |
|---|---|
| Annual | $138,550 |
| Annual Per SF | $31.49 |
Property Facts
| Price | $685,000 | Lot Size | 4.55 AC |
| Price Per Room | $38,056 | Building Size | 4,400 SF |
| Sale Type | Investment | No. Rooms | 18 |
| Cap Rate | 21.55% | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1989/2016 |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | ||
| Zoning | C - Commercial | ||
| Price | $685,000 |
| Price Per Room | $38,056 |
| Sale Type | Investment |
| Cap Rate | 21.55% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.55 AC |
| Building Size | 4,400 SF |
| No. Rooms | 18 |
| No. Stories | 1 |
| Year Built/Renovated | 1989/2016 |
| Corridor | Exterior |
| Zoning | C - Commercial |
Amenities
- Room Service
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 18 | $57.00 | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 024-01119.000 | Improvements Assessment | $321,200 (2024) |
| Land Assessment | $45,100 (2024) | Total Assessment | $366,300 (2024) |
Property Taxes
Parcel Number
024-01119.000
Land Assessment
$45,100 (2024)
Improvements Assessment
$321,200 (2024)
Total Assessment
$366,300 (2024)
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Presented by
Alice Yip
Tarragon Motel | W1915 Flame Rd
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