MLS# 167285 - $1,270,000

HWY 45 1982 - Eagle River WI 54521 Commercial - 3.03 Acres

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Property Description

$1,270,000  |  Commercial # 167285  |  HWY 45 1982 - Eagle River, WI

PROFITABLE BUSINESS ACCOMMODATIONS BUSINESS ON THE SHORES OF DUCK LAKE ON THE FAMED EAGLE RIVER CHAIN OF LAKES. THIS 29-UNIT LODGE WITH AN ADJOINED THREE-BEDROOM TWO BATH LIVING QUARTERS HAS AN EXCELLENT OCCUPANCY HISTORY AND CASH FLOWS. THE HIAWATHA HAS VERY STRONG REPEAT BUSINESS FROM YEAR TO YEAR WITH LARGE GROUPS AND FAMILIES BOOKING THE NEXT YEARS WEEK UPON DEPARTURE. IT IS AN ESTABLISHED AREA LANDMARK THAT SERVES ALL FOUR SEASONS OF RECREATION THE AREA HAS TO OFFER. IT HAS DIRECT LAKE ACCESS WITH A DOCK SYSTEM TO ACCOMMODATE GUEST'S BOATS AND IS LOCATED DIRECTLY ON THE SNOWMOBILE TRAIL. THERE IS A LARGE WELCOMING LOBBY WITH A GAME AREA AND A LOWER LEVEL MEETING/MOVIE ROOM. A GREAT NEW REVENUE STREAM IS THE PONTOON, KAYAK, AND PADDLE-BOARD RENTALS. THERE IS A HUGE ATTACHED GARAGE AREA (THE OLD POOL AREA) THAT CAN SERVE AS MOTORCYCLE/SNOWMOBILE INDOOR PARKING AND PLENTY OF TRAILER PARKING. THE NEIGHBORING RESTAURANT HAS RECENTLY BEEN PURCHASED AN IS BEING RENOVATED.

Property Details

$1,270,000  |  Commercial # 167285  |  HWY 45 1982 - Eagle River, WI

Class: Commercial
Waterfront: Yes
Acres: 3.03
Area: VI Lincoln
County: Vilas
Courtesy Listing: FIRST WEBER - MINOCQUA

Additional Details

Tax Year: 774
Taxes: $2,016
Body of Water Name: DUCK
Lake ID: 1201
Lake Size: 108
Lake Chain: Eagle River

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$1,270,000  |  Commercial # 167285  |  HWY 45 1982 - Eagle River, WI

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