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Alexander Dempsey

alex@inter-state.realestate +1(715) 681-2879

Listed by Sally North eXp Realty, LLC- WI

$1,290,000

Est. payment - /mo

12,152 SqFt

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 12,152 sqft

Price per Sqft $106

MLS Listing ID LSA6114740

HOA Y/N No

Year Built 1997

Annual Tax Amount $9,393

Tax Year 2023

Lot Size 0.520 Acres

Acres 0.52

Lot Dimensions 174x150

Property Sub-Type Mixed Use

Source lsar

Property Description

Excellent investment opportunity, in the heart of Madeline Island. The upper level has 4 rental units that have all been tastefully renovated. Profitable short-term rentals that create year-round income. The Bell Street Tavern Event Center located on the main level was a staple in the community for many years. Beautiful custom-made bar sits across the room from a floor to ceiling Lake Superior stone fireplace, two large dining areas and a band/stage. Full commercial kitchen. This 6,000. Sq Ft area can be reimagined to have a multitude of other commercial opportunities. Owner occupy is also an option with this multi-income property. A very popular location within walking distance of area attractions. Madeline Island is a top tourist destination, and a growing community that's looking for a commercial investor with a vision for the future.

Location

State WI

County Ashland County

Area Lsar

Direction Take right off ferry dock and first left on LeSueur St. Building straight

Rooms

Basement Slab

Interior

Heating In Floor Heat, Propane, Electric

Inclusions Building, Liquor License

Exterior

View Y/N No

Roof Type Asphalt

Garage No

Building

Sewer Public Sewer

Water Private, Drilled

Structure Type Vinyl

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Alexander Dempsey

+1(715) 681-2879

Team Lead

751 Bell St Lapointe, WI 54850

Alexander Dempsey

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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