16154 US Hwy 63
Hayward, WI, 54843 $ 975,000
Bedrooms-- Baths-- Sq 8,125 Monthly Estimate*
$ 6,734
for $975,000. This 8,125 square foot building was built in 1980 on a lot size of 2.73.
Turn-key hospitality investment opportunity with separate 3 bedroom home included! Right in the heart of Wisconsin's Northwoods, The Aspen Inn Motel is a well-maintained and cared for property offering everything needed to continue operating a successful lodging business or expand its potential. The motel features 20 guest rooms consisting of 1 King, 3 Queen, and 16 Double-Full rooms, with many recent improvements including updated flooring, remodeled bathrooms, newer beds, mini fridges, microwaves, garage roof, 10 new air conditioners, $7,000 hot water heater, new windows, and fresh interior finishes. Guests will appreciate the inviting outdoor gathering space complete with a fire pit, picnic tables, and BBQ area, creating the perfect atmosphere for families, vacationers, hunters, anglers, ATV/UTV riders, snowmobilers, and outdoor enthusiasts. Current favorite repeat location for medical workers, construction and industrial workers. The sale also includes an updated 3-bedroom, 1-bath detached owner's residence with a full unfinished basement, providing comfortable on-site living or additional rental potential. A 4-car detached garage and pole shed with lean-to offer abundant storage for maintenance equipment, supplies, recreational vehicles, or future business expansion. Additional improvements include a new concrete apron surrounding the motel, city water and sewer (converted from private well and septic), an efficient natural gas boiler with radiant heat, and updated LED exterior signage. Whether you're an experienced hospitality operator or looking to invest in Wisconsin's thriving tourism industry, the Aspen Inn Motel offers a rare opportunity with established infrastructure, numerous updates, spacious owner's quarters and lots of upside to implement marketing and social media to the public.
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FeaturesGeneralSewer City Sewer - In Street
Heating Baseboard Radiant
Cooling Wall Unit(s)
Utilities Electric Common Heating Common Hot Water Common
Appliances Gas Water Heater Microwave Refrigerator Wall Oven
Garage Spaces 3
Construction Materials Block
Year Built 1980
Levels One
Tax Year 2025
Current Use Hotel/Motel Residential
Accessibility Other
County Sawyer
New Construction N
Property Type Commercial Sale
Contingency None
Possible Use Income Motel/Hotel
Directions FROM HAYWARD TAKE HWY 63 SOUTH TOWARDS TREGO. PROPERTY ON THE RIGHT. No for sale sign on property.
City Hayward
High School District Hayward Community
Zoning Description Business/Commercial
Number Of Units Total 20
Lot Size Units Acres
Carport Spaces 4
Land Lease Y/N N
Tax Annual Amount 7069.97
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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InteriorBasement Full
Basement (Y/N) Y
Foundation Dimensions 240 x 24
Fuel Natural Gas
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ExteriorParking Features Detached Garage Asphalt Parking Lot
Water Source City Water - In Street
Inclusions Building Business Fixture/Equipment
Lot Size Area 2.73
Building Area Total 8125
Lot Dimensions 350 x 355 x 350 x 311
Waterfront Y/N N
Foundation Area 8125
Road Frontage Type City Street
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* Excluded FeaturesList ByChippewa Valley Real Estate, LBroker
raven@theraventeam.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,734
- Monthly Property Taxes
- $589
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Hayward, WI
Average List Price $991,667
Percent of Sale Price 2%
About Hayward, WI 2,443 Population
20% Since 2002
$ 39,548 Median Income
41.19 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
3048787 Elementary School
3048783 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/28/2026 | $975,000 | | Listed Price |