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10689 Swamp Lake Rd - LaCanne's Resort on Swamp Lake

12,310 SF Hospitality Building Offered at $2,583,166 CAD in Tomahawk, WI 54487

INVESTMENT HIGHLIGHTS

  • LaCanne's Resort on Swamp Lake is a 293-acre resort operating year-round with unparalleled recreational amenities.
  • Equipped with nine cabins, seven campground sites, and five mobile home pads this resort has it all.
  • There are a variety of activities offered all four seasons of the year including snowmobiling, ATV trails, fishing, boating, and more.
  • Ideally placed in northern Wisconsin with quick access to US 51 (Korean War Veterans Memorial Highway) about 3.5 hours west of Minneapolis.

EXECUTIVE SUMMARY

LaCanne's Resort on Swamp Lake is the ideal vacation investment in Wisconsin. This stunning resort, located on pristine 293-acre Swamp Lake, offers year-round business potential with unparalleled recreational amenities. Nestled in an outdoor enthusiast’s dream location, it’s perfect for those seeking both relaxation and adventure. The resort features nine newly updated cabins, a seven-site campground, five leased mobile home pads, offering additional revenue streams. The cabins have new AC, furnace and septic systems all updated in the last two years. For dining and entertainment, the property includes a renovated tavern/grill serving bar food, along with a pavilion that hosts live entertainment and events. With 2,300 feet waterfront including a sandy beach, shared docks, and a boat landing, the resort is perfect for outdoor activities in every season. This resort presents a rare investment opportunity with strong year-round appeal. Winter is the busiest time of the year at LaCanne’s Resort, where guests enjoy direct access to professionally groomed trails. Snowmobile and ATV riders take full advantage of the pristine conditions, while winter racing events add an extra thrill to the season. For those who prefer a slower pace, ice fishing on the frozen lake offers a peaceful retreat in the heart of winter. During the summer months guests can enjoy fishing and the 2,300 square feet of waterfront with a beach.

LaCanne's Resort on Swamp Lake is in the perfect location for vacationers. Tomahawk offers a small-town charm while offering the amenities of a larger city. The property is close to communities to the south and east. Tomahawk is known as a wonderful place to retire, as well as a safe and great place to raise a family. There is an excellent school system, over 20 churches of various denominations and a vibrant business community. The town provides a good balance between tourism and industry. Tomahawk has a mix of interesting historical sites scattered throughout the community, as well as attractions that appeal to thrill seekers of all ages. There are community events year-round that bring out both locals and travelers. Tomahawk is a popular destination for tourists. According to data from the Wisconsin Department of Tourism, Lincoln County generated its highest-ever overnight visitation numbers in 2023, producing $103 million in total economic impact and contributing to Wisconsin’s record-breaking $23.7 billion in total economic impact. A release from the Chamber said Lincoln County tourism supported 658 full-time and part-time jobs across various sectors of the industry and generated $5.6 million in local tax revenue.

PROPERTY FACTS

Price $2,583,166 CAD
Price Per Room $287,018 CAD
Sale Type Investment
Property Type Hospitality
Building Class B
Lot Size 24.80 AC
Building Size 12,310 SF
No. Rooms 9
No. Stories 1
Year Built/Renovated 1960/2022
Corridor Exterior

AMENITIES

  • Restaurant
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Meeting Event Space
  • Public Access Wifi
  • Fully-Equipped Kitchen
  • Multi-Room Suites

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Suite 9 $261.33 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • NO 83
  • NO 83 3
Land Assessment
$552,919 CAD
Improvements Assessment
$761,844 CAD
Total Assessment
$1,314,764 CAD

ZONING

Zoning Code Commercial
Commercial
  • Listing ID: 33970749

  • Date on Market: 2024-11-22

  • Last Updated:

  • Address: 10689 Swamp Lake Rd, Tomahawk, WI 54487

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