W7614 Oasis Ln
Lake Mills, WI 53551
Econo Lodge Lake Mills · Hospitality Property For Sale
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22,564 SF
INVESTMENT HIGHLIGHTS
- Priced Below Replace Cost at $39,419 per Key
- Ability for Hands-on Owner-Operator to Decrease Expenses & Increase Net-Operating Income
- 43-Room, Interior Corridor, Economy Hotel Built in 1991
- Strong Historical EBITDA - 2019 - $299,452 or 41.4 Percent of Total Revenues; 2020 - $296,299 or 46.6 Percent of Total Revenues
PROPERTY FACTS
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.99 AC |
| Building Size | 22,564 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1991/2010 |
| Tenancy | Single |
| Parking Ratio | 2.39/1,000 SF |
| Corridor | Interior |
| Zoning | Commercial - Commercial (102) |
AMENITIES
- Business Center
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
- Smoke-Free
ABOUT W7614 OASIS LN , LAKE MILLS, WI 53551
Property Overview: The Econo Lodge Lake Mills is a Choice Hotels International-branded property with 43 rooms throughout two stories. Built in 1991, the economy hotel features a flat-screen television with sitting areas in select rooms. The common amenities include truck/bus parking, an indoor whirlpool/hot tub, and an indoor pool. Location Overview: Lake Mills, Wisconsin is located in the southeastern part of the state between Madison (28 miles) and Milwaukee (53 miles). The Econo Lodge Lake Mills is located near Interstate 94 and the region is well known for its natural beauty, hiking path, biking trails, and wildlife. Notable leisure traveler destinations include Rock Lake, Azatlan State Park, and the Glacial Drumline State Trail which all attract several visitors each year. The Lake Mills Industrial Business Park have a host of several industrial businesses and near the hotel. Also, the Dane County Regional Airport is 25 miles from the hotel with direct access for business and leisure travelers alike.
PROPERTY TAXES
| Parcel Number | 018-0713-0133-002 | Improvements Assessment | $606,000 |
| Land Assessment | $239,600 | Total Assessment | $845,600 |
