Turnkey 19-room motel with owner's apartment on 4.55 Aces
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Turnkey 19 room motel with strong cash flow, owner’s apartment, and multiple value-add opportunities, situated on 4.55 acres in Marinette, Wisconsin near Lake Michigan and State Highway 41.
This established property serves a steady mix of contractors, regional travelers, fishermen, and hospital visitors, supported by nearby demand drivers including Marinette shipyard, a regional hospital and cancer center, Waupaca Foundry, and seasonal fishing tournaments. Direct access to a snowmobile trail further supports year-round occupancy.
The business offers both daily and weekly rentals, providing consistent income and flexibility. Operations are straightforward, with low overhead supported by features such as well water (no water bill) and an efficient layout.
A 2-bedroom owner’s apartment allows for comfortable on-site living, making this an ideal opportunity for an owner-operator or family business. The property is currently operated with staff and remote ownership, creating an opportunity for a hands-on owner to further improve efficiency and margins.
In addition to the existing motel, the property includes a large barn structure with a concrete foundation, offering flexible potential for expanded guest amenities, common space, or other income-generating uses. The expansive land also provides room for future development such as RV sites, cabins, or storage.
This is a proven, cash-flowing property with stable demand and clear upside for a motivated buyer. The owner is selling due to retirement and is willing to provide training and transition support to ensure a smooth handoff.
Asking Price: $685,000
Please do not contact or disturb staff or guests. All inquiries must go through the listing.
This established property serves a steady mix of contractors, regional travelers, fishermen, and hospital visitors, supported by nearby demand drivers including Marinette shipyard, a regional hospital and cancer center, Waupaca Foundry, and seasonal fishing tournaments. Direct access to a snowmobile trail further supports year-round occupancy.
The business offers both daily and weekly rentals, providing consistent income and flexibility. Operations are straightforward, with low overhead supported by features such as well water (no water bill) and an efficient layout.
A 2-bedroom owner’s apartment allows for comfortable on-site living, making this an ideal opportunity for an owner-operator or family business. The property is currently operated with staff and remote ownership, creating an opportunity for a hands-on owner to further improve efficiency and margins.
In addition to the existing motel, the property includes a large barn structure with a concrete foundation, offering flexible potential for expanded guest amenities, common space, or other income-generating uses. The expansive land also provides room for future development such as RV sites, cabins, or storage.
This is a proven, cash-flowing property with stable demand and clear upside for a motivated buyer. The owner is selling due to retirement and is willing to provide training and transition support to ensure a smooth handoff.
Asking Price: $685,000
Please do not contact or disturb staff or guests. All inquiries must go through the listing.
About the Business
- Years in Operation
- 37
- Currently Home Based
- Yes
- Facilities & Assets
- The property includes 19 guest rooms and a 2-bedroom owner’s apartment on approximately 4.55 acres.
The owner’s apartment allows for on-site living, ideal for an owner-operator and reduced staffing needs.
The motel supports both short-term and extended-stay guests, with a common area offering laundry and cooking facilities.
A large parking area accommodates cars, work trucks, trailers, and boats, with electric hookups available. The property also has direct access to a snowmobile trail, supporting seasonal demand.
A large barn with a concrete slab foundation is currently used for storage and offers flexible future use, such as additional common space or other income-generating purposes.
Well water helps keep operating costs low (no water bill). The excess land provides additional flexibility for expansion or development. - Website
- http://www.tarragonmotel.com
- Market Outlook / Competition
- The motel benefits from strong visibility along State Highway 41, a primary travel corridor with consistent traffic from both regional travelers and local workforce demand. Summer is the peak season due to tourism, fishing, and outdoor recreation activity in the Lake Michigan area.
The property is positioned as a budget-friendly lodging option in the Marinette market, attracting cost-conscious guests including contractors, long-term workers, and travelers seeking affordable accommodations.
Located just outside the city center, the motel benefits from proximity to major demand drivers including Walmart, newer commercial development, and shopping areas, while avoiding 8% city occupancy tax.
Compared to higher-priced branded hotels in the area, this property competes effectively on affordability, flexibility, and long-term stay options, which supports steady occupancy throughout the year. - Opportunities for Growth
- There is clear upside for a new owner to increase both revenue and profitability.
An owner-operator can immediately improve margins by living on-site and reducing management and staffing costs. Additional opportunities include enhancing online presence, optimizing pricing, and increasing occupancy through targeted marketing to contractors and regional businesses.
The 4.55-acre lot provides strong expansion potential, including the development of RV sites, cabins, or self-storage units.
In addition, the existing barn structure with a concrete foundation offers a cost-effective opportunity to expand usable space. With insulation and finishing, it could be adapted for guest amenities, group space, or other revenue-generating uses, subject to buyer’s plans and local approvals.
With hands-on management and modest operational improvements, a new owner can further unlock the property’s earning potential.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 4,400
About the Sale
- Seller Motivation
- Tired of remote management and retirement.
- Transition Support
- 1 month of operational support by the owner remotely.
- Financing Options
- Conventional loan at 6.75% with 20% down or SBA loan with 10% down
Listing Info
- ID
- 2483178
- Listing Views
- 203
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Listing ID: 2483178 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
