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Active
$975,000
/mo Edit
Commercial:  1 Story
Built 1980
2.73 acres
Hayward Community schools
MLS# 7149335
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    Property Description

    Turn-key hospitality investment opportunity with separate 3 bedroom home included! Right in the heart of Wisconsin's Northwoods, The Aspen Inn Motel is a well-maintained and cared for property offering everything needed to continue operating a successful lodging business or expand its potential. The motel features 20 guest rooms consisting of 1 King, 3 Queen, and 16 Double-Full rooms, with many recent improvements including updated flooring, remodeled bathrooms, newer beds, mini fridges, microwaves, garage roof, 10 new air conditioners, $7, 000 hot water heater, new windows, and fresh interior finishes. Guests will appreciate the inviting outdoor gathering space complete with a fire pit, picnic tables, and BBQ area, creating the perfect atmosphere for families, vacationers, hunters, anglers, ATV/UTV riders, snowmobilers, and outdoor enthusiasts. Current favorite repeat location for medical workers, construction and industrial workers. The sale also includes an updated 3-bedroom, 1-bath detached owner's residence with a full unfinished basement, providing comfortable on-site living or additional rental potential. A 4-car detached garage and pole shed with lean-to offer abundant storage for maintenance equipment, supplies, recreational vehicles, or future business expansion. Additional improvements include a new concrete apron surrounding the motel, city water and sewer (converted from private well and septic), an efficient natural gas boiler with radiant heat, and updated LED exterior signage. Whether you're an experienced hospitality operator or looking to invest in Wisconsin's thriving tourism industry, the Aspen Inn Motel offers a rare opportunity with established infrastructure, numerous updates, spacious owner's quarters and lots of upside to implement marketing and social media to the public.

    Listing

    Contingency: None
    City: Hayward
    County: Sawyer
    State: WI
    Property Style: 1 Story
    Zip Code: 54843

    Interior

    Appliances Included:
    • Gas Water Heater
    • Microwave
    • Refrigerator
    • Wall Oven
    Basement Details: Full

    Exterior

    Stories: One
    Garage Spaces: 3
    Air Conditioning: Wall Unit(s)
    Foundation Size: 8,125 ft2
    Foundation Dimensions: 240 x 24
    Handicap Accessible: Other
    Heating System:
    • Baseboard
    • Radiant
    Parking Features:
    • Asphalt
    • Detached Garage
    • Parking Lot
    Road Frontage: City Street
    Exterior Material: Block

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 2.73
    Geolocation: 46.0022632949, -91.501631027
    Inclusions: Building, Business, Fixture/Equipment
    Lot Dimensions: 350 x 355 x 350 x 311
    Zoning: Business/Commercial

    Schools

    School District: 2478
    District Phone: 7156342619

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $7,070
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: None

    Units

    Total Units: 20

    Miscellaneous

    Current Use:
    • Hotel/Motel
    • Residential
    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer - In Street
    Available Utilities:
    • Electric Common
    • Heating Common
    • Hot Water Common
    Water System: City Water - In Street

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Chippewa Valley Real Estate, L.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.