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2401 S Main St
Rice Lake, WI 54868

$2,350,000 USD

Hotel For Sale  •  21,118 SF

Property Details

  • Property Type Hotel
  • Total Building Size 21,118 SF
  • Lot Size 1.81 AC
  • Building Class C
  • Year Built 1985
  • Zoning Commercial
40 Walk Score

Highlights

46 Units, 2 Stories, Interior Corridors
2025 Revenue: $721,943; 2024 Revenue: $720,471, 2023 Revenue: $747,203. 2025 NOI ~$325,000 with CAP Rate of 13.8%
Trailing Twelve Revenue thru April 2026: $753,202. Consistent Revenue Year Over Year. Priced at 3.1x Room Revenue
Situated on South Main Street near the high-traffic interchange of U.S. Highway 53 and Highway 48.
Located in the economic hub of the city with major plants located within a 5 minute drive including Rice Lake Weighing Systems, Johnson Truck Bodies,
Close proximity to Rice Lake , the Cedar Side Walking Trail, and the Rice Lake Speedway, capturing significant seasonal tourism

Amenities

  • Business Center
  • High Speed Internet Access
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 53
Type: Surface
Included in Rent: Yes
Kenneth Caro 805-557-8857 Bowman Post Group
Kenneth Caro 805-557-8857 Bowman Post Group