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Listed by Sally North eXp Realty, LLC- WI
$1,290,000
Est. payment /mo
12,152 SqFt
UPDATED:
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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Nearby Locations
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