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
AVG $1.32M
$700K
Taxes
AVG $5,722
$3,512
Visits
AVG 53
52
Year Built
AVG 1978
1978

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