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Alexander Dempsey

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

$849,000

Est. payment - /mo

2 Baths

2,470 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 2,470 sqft

Price per Sqft $343

MLS Listing ID 218101

Half Baths 2

HOA Y/N No

Annual Tax Amount $3,383

Tax Year 2025

Lot Size 2.700 Acres

Acres 2.7

Lot Dimensions 190x

Property Sub-Type Hotel/Motel

Property Description

Exceptional opportunity to own Bobber's On The Lake, a well-established Northwoods destination offering a rare combination of waterfront real estate, restaurant/tavern, resort lodging, and future growth potential. Situated on approximately 2.7 acres with 190'+/- of frontage on full recreational Butternut Lake, this property offers excellent visibility, ample parking, and direct access to one of Ashland County's premier recreational lakes. Known for outstanding Musky, Walleye, Bass, Northern Pike and Panfish fishing, Butternut Lake also attracts boaters, vacationers and outdoor enthusiasts throughout the year. The property is conveniently located on ATV and snowmobile routes, creating exceptional four-season traffic. Customers can arrive by boat or vehicle, dock at one of the multiple piers, enjoy waterfront dining on the lakeside patio, and extend their stay in one of the four on-site cabins. The sale includes the real estate and business, along with an extensive inventory of restaurant equipment, furnishings, fixtures, business assets, and all cabin contents for a seamless transition to new ownership. Recent improvements include a new ice machine (2026), pizza prep table, beverage cooler, walk-in cooler compressor, newer docks, and numerous additional equipment updates. Accommodations include four cabins consisting of a 3BR/1BA cabin, a 1BR plus loft/1BA cabin, and two studio cabins with lofts and bathrooms, creating excellent rental income potential. A storage shed and room for future expansion provide additional possibilities, subject to buyer verification. Whether you're looking to continue a successful hospitality business, expand an existing operation, or invest in a unique waterfront property with multiple income streams, this iconic Northwoods destination offers outstanding potential.

Location

State WI

County Ashland

Direction From Park Falls, take Hwy 13 N toward Butternut. L onto CTH B (Lakeview Dr.). Continue on Lakeview Dr. to Bobber's On The Lake.

Body of Water BUTTERNUT

Rooms

Other Rooms Living Quarters, Outbuilding

Interior

Heating Baseboard, Forced Air, Floor Furnace, Propane

Cooling Central Air, Wall/Window Unit(s)

Flooring Carpet, Laminate, Tile

Inclusions Real Estate and Business, Fixtures, Equipment, Furniture, Inventory

Fireplace No

Exterior

Exterior Feature Handicap Accessible, Sprinkler/Irrigation, Landscaping, Storage

Parking Features Private, Unpaved

Utilities Available High Speed Internet Connected, Phone Available

Waterfront Description Shoreline - Sand,Shoreline - Fisherman/Weeds,Shoreline - Rocky,Lake Front

View Y/N Yes

Water Access Desc Drilled Well

View Water

Roof Type Composition,Metal,Shingle

Street Surface Paved

Accessibility Wheelchair Access

Road Frontage Town Road

Building

Lot Description Lake Front, Level, Open Space, Views, Wooded

Story 1

Sewer Conventional Sewer

Water Drilled Well

Additional Building Living Quarters, Outbuilding

Others

Tax ID 006-00228-0200

Ownership None

Security Features Fire Sprinkler System

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Listed by REDMAN REALTY GROUP, LLC

Nearby Locations

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Alexander Dempsey

+1(715) 681-2879

Team Lead

11633 LAKEVIEW DR Butternut, WI 54514

Alexander Dempsey

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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