For Sale: Iron River MLS# 6774502
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Now is you time to own this unique opportunity on almost 5 commercial acres on US 2! A combination of a restaurant/bar with 8 cabins, plus 6 campsites. All with city utilities. Plus a 2 car garage. So many options! The restaurant features a neat and clean updated kitchen currently ran as farm to table food with locally grown meals. There is ample seating on the main level plus a lower level with a separate bar, bathroom and table seating which has be great for events and private parties. The restaurant also has a gift shop to enjoy shopping while you dine. Conveniently on the tri-state corridor for ample atv and snowmobile traffic. Also, located on the way to Ashland and Bayfield to catch the Lake Superior visitors. Addition to the building was put on in the 90s.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$495,000
Property Type:
Commercial
City:
Iron River
Garage Spaces:
2
County:
Bayfield
Year Built:
1940
State:
WI
Property Style:
Other
Zip Code:
54847
Interior
Ceiling Height:
8-10
Basement Details:
- Block
- Full
Exterior
Stories:
One
Garage Spaces:
2
Other Parking Spaces:
1
Air Conditioning:
None
Foundation Size:
1 ft2
Handicap Accessible:
Doors 36"+
Heating System:
Forced Air
Parking Features:
- Asphalt
- Detached
Road Frontage:
- Highway
- Paved Streets
Exterior Material:
Log
Roof Details:
Asphalt
Lot & Land
Acres:
4.9
Geolocation:
46.5643596249, -91.4007562442
Inclusions:
Building, Fixture/Equipment, Land, Liquor License
Lot Dimensions:
Irreg
Zoning:
Business/Commercial
Lot Description:
Irregular Lot
Schools
School District:
315
District Phone:
715-779-3201
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$7,113
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,113
Units
Total Units:
1
Miscellaneous
Current Use:
- Bar/Tavern
- Hotel/Motel
- Resort
- Restaurant
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Common
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Edina Realty, Inc. - Duluth.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.