Balsam Lake Lodge & Restaurant | 264 County I Rd
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Balsam Lake Lodge & Restaurant 264 County I Rd
10 Room Hotel Balsam Lake, WI 54810 $4,909,357 CAD ($490,936 CAD/Room) 10.19% Cap Rate
Investment Highlights
- 10.19% Cap Rate | Established bar & restaurant with ample outdoor seating
- Located on the shore of one of Wisconsin’s most pristine and well-known lakes, Balsam Lake
- Development potential exists for new lodging units and/or amenities
- 10 luxurious suites, built in 2021 with a selection of room types
- Amenities include boat rentals, multiple boat slips, on-site dining, banquet facilities, and more
Executive Summary
SVN | Northco is pleased to present the sale of Balsam Lake Lodge & Restaurant, an established bar & restaurant with boutique lakeside lodging on beautiful Balsam Lake in northwestern Wisconsin ("Property"). The Property offers 10 luxurious suites including a variety of room types, and there is a well-known bar & restaurant with spacious outdoor patio seating on the main floor. The facilities on the Property are well suited for any number of events from corporate retreats to holiday parties and weddings. The Property is nestled on the shore of one of Wisconsin’s most pristine lakes and offers boat rentals and multiple boat slips.
Property Facts
| Price | $4,909,357 CAD | Lot Size | 3.26 AC |
| Price Per Room | $490,936 CAD | Building Size | 13,000 SF |
| Sale Type | Investment | No. Rooms | 10 |
| Cap Rate | 10.19% | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 2004 |
| Property Subtype | Hotel | Parking Ratio | 5.92/1,000 SF |
| Building Class | B | Corridor | Interior |
| Price | $4,909,357 CAD |
| Price Per Room | $490,936 CAD |
| Sale Type | Investment |
| Cap Rate | 10.19% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.26 AC |
| Building Size | 13,000 SF |
| No. Rooms | 10 |
| No. Stories | 1 |
| Year Built | 2004 |
| Parking Ratio | 5.92/1,000 SF |
| Corridor | Interior |
Amenities
- Restaurant
- Room Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 2 | $258.46 CAD | - |
| Guest Room | 8 | $167.16 CAD | - |
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PROPERTY TAXES
| Parcel Number | 106-00376-0000 | Improvements Assessment | $1,007,429 CAD |
| Land Assessment | $1,100,245 CAD | Total Assessment | $2,107,674 CAD |
PROPERTY TAXES
Parcel Number
106-00376-0000
Land Assessment
$1,100,245 CAD
Improvements Assessment
$1,007,429 CAD
Total Assessment
$2,107,674 CAD
zoning
| Zoning Code | G2 (Business/Commercial) |
| G2 (Business/Commercial) |
-
Frank Jermusek -
Ned Rupp -
Emilia Molle -
Mark Battles -
SVN | Northco Real Estate
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Balsam Lake Lodge & Restaurant | 264 County I Rd
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