a Berkshire Hathaway affiliate

$695,000

20100 County Hwy M, Cable, WI 54821


20100 County Hwy M Cable, WI 54821

For Sale MLS# 6093902

Commercial

Data current as of {{getLocalTime('2021-04-23T04:05:47Z')}}

Details

MLS# 6093902

Description for 20100 County Hwy M, Cable, WI, 54821


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.

Listing Information


Property Type: Commercial

Status: Active

Lot Size: 21.96 Acres

Square Feet:

Year Built: 1978

Foundation:

Garage: No

Stories: 2

Construction: Frame/Wood

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision:

Builder:

Foundation:

Total Units: 7

Current Use:

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: Bayfield

HERS Score:

Construction Status:

School Information


District: Drummond Area (WI) #1491

Elementary:

Middle:

High:

Interior Features


Square Footage above:

Square Footage below:

Flooring:

Additional Interior Features: Bar Area, Fire Alarm, Kitchen Area, Restrooms, Smoke Detectors

Utilities


Water: Private

Sewer: Private, Drain Field

Available Utilities:

Other Utilities:

Cooling: Central, Window

Heating: Fireplace, Forced Air, Radiant, Boiler, Hot Water, Baseboard, Propane

Exterior / Lot Features


Parking Description: Driveway - Gravel, Uncovered/Open, Off Street Parking

Exterior: Wood

Roof: Asphalt Shingles

Lot View:

Lot Dimensions: 1050 x 825

Farm Type:

Crop Type:

Zoning:

Additional Exterior/Lot Features: Road Frontage - Paved

Soil Type:

Tillable Acres:

Community Features


Security Features: Security Lighting

Pets Allowed: No

Association Name:

Driving Directions


7 miles E of Cable on County Hwy M

Financial Considerations


Other Deposit Fees:

Covenants/Deed Restrictions:

Terms: Cash,Conventional,Small Business Admin.

Tenant Pays:

Owner Pays:

Ownership Type:

Tax/Property ID: 24763

Tax Amount: $3,513

Tax Year: 2020

HomeStead Description:

Sales History

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Schools nearby 20100 County Hwy M

Schools in attendance boundaries Grades Distance SchoolDigger® Rating i
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings