Bay View Resort Green Lake

$1,950,000

439 lake st, green lake, WI 54941

Details

  • $1,950,000

Investment Overview:

Marcus & Millichap’s National Hospitality Group, as an exclusive broker, is pleased to offer for sale the Bay View Resort in Green Lake, Wisconsin. The hotel is an 18-room, exterior corridor resort. The subject property sits on Green Lake and has 331 feet of frontage along the lake. Expected NOI at year end 2017 is going to be close to $222,624 as an independent property. There are several redevelopment opportunities that a new owner can take advantage of. The existing property can be used for building new Lake Front Condominiums, which has been done next door. A new owner/developer could also look at building a Corporate or Non-Profit Organization Retreat, that they could use throughout the year as they wish. Green Lake is known to be a destination spot in Wisconsin and throughout the Midwestern States. This property is one of the largest in the area for boat docking, featuring 36 boat slips.

 

Property Overview:

The Bay View Resort offers spacious guest rooms and includes central air and heat, television, and wireless internet in all rooms. There is a private boat launching ramp and a 150-foot pier that provides mooring for guest’s boats in a sheltered bay. Additional accommodations include a private boat launching ramp, access to nearby golf, hiking, swimming, and use of Weber grills for barbecuing. The property sits on .88 acres with about 331 feet of frontage along the lake. The property has 5 permanent boat slips with 36 other boat slips for guests to use who come to the lake and stay or live at properties that do not have lakefront access. The view from this property is known to be one of the best spots in the area to see the sunset/sunrise each and every day.

 

Location Overview:

Green Lake, Wisconsin is located in Dartford Bay seated in Green Lake County. The city hosts weekly events which include festivals, fine art events, concerts, and family activities that all  generate room demand. This recreational city for tourist is known for its fishing, camping, hiking, golfing, and boating. There are several parks that blanket the city and these include Deacan Mills Park, Highknocker Park, Friday Club Park, Hattie Sherwood Park, and Sunset Park. Other nearby attractions are the Thrasher Opera House, and a shopping district that houses the farmers market, novelty boutique stores, and restaurants all less than one mile from the subject property. The property is about a six-minute drive to “One of the Top 100 Classic Golf Courses in the US” ranked #60 by GolfWeek in 2017, Golf Courses of Lawsonia. Furthermore, less than four miles from the Bay View Resort is the Green Lake Conference Center which hosts family reunions and conferences annually that can accommodate up to 1000 guests per event.

 

Broker of Record
Todd Lindblom
License: WI 56163-90

Agent for this listing

Ebrahim Valliani

Associate, National Hospitality Group
Office: (630) 570-2177
Mobile: (773) 331-5340
Fax: (773) 867-1510 fax
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Michael Klar

Associate, National Hospitality Group
Office: (630) 570-2175
Mobile: (248) 914-2183
Fax: (773) 867-1510
Other listings

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