Skip to main content

Hotel-Motel

Proposed Extended-Stay America

S Airline Rd, Mount Pleasant, WI 53406

Listing Price: $750,000

Cap Rate
6.29%
RevPAR
$46
RRM
6.28
Year Built
2023

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap’s National Hospitality Division is pleased to present for sale to quali?ed investors the proposed 1.95-acre hospitality development opportunity in Mount Pleasant, Wisconsin. The project is located at the intersection of South Airline Road and Kinzie Avenue, offered for sale at $750,000. Positioned just 30 miles south of Milwaukee and 60 miles north of Chicago, Mount Pleasant is a village in Wisconsin rich with agricultural and manufacturing history. One of the fastest-growing communities in Wisconsin, Mount Pleasant stretches from Lake Michigan to Interstate 94 providing easy access to metropolitan Milwaukee and Chicago. The ideal location, excellent accessibility, and plethora of recreational activities anchor the village as a strong traveler’s destination. With popular local attractions like the Pike River Pathway, Caledonia-Mount Pleasant Memorial Park, Cozy Acres Park, and Smolenski Park, Mount Pleasant is peppered with parks that span a total of more than 400 acres. Travelers often visit one of Mount Pleasant’s popular escape rooms, take a trip to Borzynski’s Farm and Floral Market, tour the Dinosaur Discovery Museum, or spend the afternoon at the Karen A. Nelson Memorial Dog Park. With plenty of nearby golf courses, pumpkin picking, dog parks, wineries, vineyards, and more at their ?ngertips, both locals and tourists can enjoy the village’s wide selection of local amenities. In addition to the variety of tourism demand generators, Mount Pleasant also offers an array of business opportunities. Numerous local, national, and international companies reside within the boundaries of the village, including SC Johnson, Foxconn, CNH Industrial, Advocate Aurora Health, Seda North America, Ascension, InSinkErator, Putzmeister, and many others. Further development has allowed Mount Pleasant to realize signi?cant growth that delivers additional jobs and amenities for residents. The village’s strategic location in southeast Wisconsin also allows for additional growth possibilities outside of the currently active development climate. The development opportunity’s revenue is projected to exceed $2.1 million and $815 thousand in net operating income, or 38.8 percent of gross revenues, after a four percent capital replacement reserve. Providing ample opportunity to capitalize on the city’s growing business sector and future tourism generated by the casino, the strategically positioned development has a high potential for strong performance.

Investment Highlights

  • Fee-Simple Interest in 1.95 Acres in Mount Pleasant, Wisconsin Located off State Highway 20
  • Centrally Located Just 30 Miles South of Milwaukee and 60 Miles North of Chicago
  • Nearby Demand Drivers Include Borzynski's Farm & Floral Market, Dinosaur Discovery Museum, Hawthorn Hollow Nature Sanctuary, Harbor Park, and Abandoned Haunted House Complex
  • Offered Unencumbered by Any Leases and Debt, Free and Clear of All Liens

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s) WI: 56163-90

    Wisconsin

Hotel-Motel

Proposed Extended-Stay America

Listing Price: $750,000

Cap Rate
6.29%
RevPAR
$46
RRM
6.28
Year Built
2023

Investment Highlights

  • Fee-Simple Interest in 1.95 Acres in Mount Pleasant, Wisconsin Located off State Highway 20
  • Centrally Located Just 30 Miles South of Milwaukee and 60 Miles North of Chicago
  • Nearby Demand Drivers Include Borzynski's Farm & Floral Market, Dinosaur Discovery Museum, Hawthorn Hollow Nature Sanctuary, Harbor Park, and Abandoned Haunted House Complex
  • Offered Unencumbered by Any Leases and Debt, Free and Clear of All Liens

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap’s National Hospitality Division is pleased to present for sale to quali?ed investors the proposed 1.95-acre hospitality development opportunity in Mount Pleasant, Wisconsin. The project is located at the intersection of South Airline Road and Kinzie Avenue, offered for sale at $750,000. Positioned just 30 miles south of Milwaukee and 60 miles north of Chicago, Mount Pleasant is a village in Wisconsin rich with agricultural and manufacturing history. One of the fastest-growing communities in Wisconsin, Mount Pleasant stretches from Lake Michigan to Interstate 94 providing easy access to metropolitan Milwaukee and Chicago. The ideal location, excellent accessibility, and plethora of recreational activities anchor the village as a strong traveler’s destination. With popular local attractions like the Pike River Pathway, Caledonia-Mount Pleasant Memorial Park, Cozy Acres Park, and Smolenski Park, Mount Pleasant is peppered with parks that span a total of more than 400 acres. Travelers often visit one of Mount Pleasant’s popular escape rooms, take a trip to Borzynski’s Farm and Floral Market, tour the Dinosaur Discovery Museum, or spend the afternoon at the Karen A. Nelson Memorial Dog Park. With plenty of nearby golf courses, pumpkin picking, dog parks, wineries, vineyards, and more at their ?ngertips, both locals and tourists can enjoy the village’s wide selection of local amenities. In addition to the variety of tourism demand generators, Mount Pleasant also offers an array of business opportunities. Numerous local, national, and international companies reside within the boundaries of the village, including SC Johnson, Foxconn, CNH Industrial, Advocate Aurora Health, Seda North America, Ascension, InSinkErator, Putzmeister, and many others. Further development has allowed Mount Pleasant to realize signi?cant growth that delivers additional jobs and amenities for residents. The village’s strategic location in southeast Wisconsin also allows for additional growth possibilities outside of the currently active development climate. The development opportunity’s revenue is projected to exceed $2.1 million and $815 thousand in net operating income, or 38.8 percent of gross revenues, after a four percent capital replacement reserve. Providing ample opportunity to capitalize on the city’s growing business sector and future tourism generated by the casino, the strategically positioned development has a high potential for strong performance.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    First Vice President/Regional Manager

    (262) 364-1900

    License(s): WI: 56163-90

    Wisconsin

MM Texture Background
MM Textured Background Lower