Address
20100 County Hwy M Cable, WI
Price
$ 695,000
Property Attributes
- MLS#6093902
- TypeCommercial
- CountyBAYFIELD
- CityCable
- AreaCable
- NeighborhoodNamakagon township
- Zip54821
- StyleResort
- Year Built1978
- Taxes$ 3512
- Price$ 695,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size21.96 Acres
Listing Provided Courtesy Of:
Lakeplace.com/Birchwood
Data Source:
Lake Superior Area of REALTORS (LSAR)
Property Description
LOOKING TO ESCAPE THE CITY? Here’s an excellent opportunity for an ambitious couple to earn $100k+ while living the Northwoods lifestyle! Two businesses in one, this exquisite 7 room guest lodge and award-winning restaurant offers the resiliency needed during these challenging times. Lodging revenue hit a 15 year record high in 2020, despite the pandemic. And even with the restaurant scaled back for most of the year, net operating income (NOI) for 2020 was on par with the most recent 5 year average. Lodging income alone more than covers the fixed costs, with boundless possibilities for further developing the restaurant and other revenue streams. Plus what traditional job enables one to take a month-long vacation twice a year? There's no other resort/hospitality business like this currently available in northern Wisconsin. And it couldn't be replicated for anything close to the price it can be purchased for today. Ideally located on 22 private acres in the Chequamegon National Forest.
| Price History | |
|---|---|
| 10/31/2020 | Listed $695,000 |
General Features
| Cooling | Central, Window |
|---|---|
| Heating | Baseboard, Boiler, Fireplace, Forced Air, Hot Water, Propane, Radiant |
| Roof | Asphalt Shingles |
| School District | Drummond Area (WI) #1491 |
Exterior Features
| Latitude | 46.202952 |
|---|---|
| Longitude | -91.151372 |
| Exterior | Wood |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 54821
Price
Taxes
Visits
Year Built
Lake Superior Area of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
