Hospitality•Limited Service•For Sale

EconoLodge

200 South Pine Ridge Avenue, Merrill, Wisconsin 54452

Sale Price $925,000
Year Built 1978
Stories 2
Vacancy 34%
Gross Bldg 17,000 SqFt
Land Area 3.12 Acres
Originally built as a Best Western, the Econo Lodge in Merrill has a terrific location with easy entrance/exit to US 51. There are many businesses near the property including: gas stations (KwikTrip & Mobile), restaurants (Subway, McDonalds, Arby’s, Culvers, Los Mezcales, and China Inn), and stores (Walmart & Piggly Wiggly). The guest rooms are inviting and the furniture is in very good condition. Many rooms have been updated with vinyl flooring and/or ceramic tile in the sink areas. Guests enjoy the property’s indoor pool, hot tub, high-speed internet, and truck parking. The property has a 3.5 rating on Tripadvisor. The current owners are retiring after 20 years, making it possible for a new buyer to have the opportunity to purchase this long-time revenue generator! Merrill is located along the scenic banks of the Wisconsin and Prairie Rivers and is known as the City of Parks, including the impressive Council Grounds State Park. The city is one of the major entries into Wisconsin’s famous Northwoods which offers fishing, hunting, boating, snowmobiling, skiing, hiking and biking. Thousands of tourists are drawn to this area to enjoy these activities and view the magnificent autumn colors each fall. Merrill is a vibrant city of 10,000 with “Small Town Charm and Northwoods Hospitality”. Building size is approximate and all information is obtained from sources deemed reliable but subject to buyer verification. All property tours must be arranged through the broker. THIS IS A CONFIDENTIAL SALE. PLEASE DO NOT CONTACT THE HOTEL OR ANY EMPLOYEES. Merrill is located in Northcentral Wisconsin on US 51.
  • Built as a Best Western
  • Open concept room with kitchen and bedroom could be used as a Manager's Apartment
  • Indoor Pool & Hot Tub
  • Good Tripadvisor Rating
  • Great location near restaurants, stores, and gas stations.
3/17/2020 9:06:01 PM 3/30/2020 4:45:51 PM
Jennifer Church
President
Milmark Hotel/Motel Investments, LLC
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