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    20100 County Highway M

    Cable, WI 54821
    • $695,000
    • STATUS: Active
    • ON SITE: 294 days
    • MLS #: 1544412
    UPDATED: 171 min ago
    $695,000
    • 0
      BEDS
    • 21.96
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,150
      SQFT
    • $113
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1978
    County:

    School Ratings & Info

    School District:

    Description

    LOOKING TO ESCAPE THE CITY? Heres 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.

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    © 2021 Realtors Association of Northwestern Wisconsin. All rights reserved. Information received from other 3rd parties: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor RE/MAX Affiliates nor RANW MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-05-06T23:38:27.187.
    www.davepetersonrealtor.com/homes/107914399
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    20100 County Highway M Cable, WI 54821

    • Price: $695,000
    • Status: Active
    • Updated: 171 min ago
    • MLS #: 1544412
    0
    Beds
    0
    Baths
    0
    ½ Baths
    21.96
    Acres
    6,150
    SQFT
    $113
    $/SQFT
    1978
    Built
    Neighborhood:
    56 - Drummond Schl Dist
    County:
    Bayfield
    Area:
    56 - Drummond Schl Dist
    School District:
    Drummond
    Property Description
    LOOKING TO ESCAPE THE CITY? Heres 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.
    Exterior Features

    Construction Materials Wood Siding Exterior Features Lighting Other Structures OtherPole Barn Road Frontage Type County Road Road Surface Type Asphalt Waterfront YN No

    Interior Features

    Basement Full Building Area Total 6150 Cooling Central AirWindow Unit(S) Cooling YN Yes Heating Forced AirHot WaterRadiantZoned Heating YN Yes Interior Features FurnishedHandicap AccessStorage

    Property Features

    Building Features Private Restrooms Foundation Details Block Lot Size Dimensions 1050 X 825 X Possession Close Of Escrow Property Sub Type Business Sewer Private SewerSeptic Tank Tax Annual Amount 3513 Tax Year 2020 Water Source Drilled WellPrivateWell Zoning Description RecreationalResidential

    Listing information © 2021 Realtors Association of Northwestern Wisconsin
    Listing provided courtesy of Lakeplace.Com/Birchwood.



    © 2021 Realtors Association of Northwestern Wisconsin. All rights reserved. Information received from other 3rd parties: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker nor RE/MAX Affiliates nor RANW MLS shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2021-05-06T23:38:27.187.
     
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