For Sale
$875,000

1094 Lake AvePhillips, WI 54555

Lakeside business, living quarters, huge potential!

Overview

Added:
Dec 11, 2024
Days on market:
117
Prime investment opportunity in Phillips, Wisconsin! This exceptional mixed-use property, listed at $875,000, boasts a 6,250-6,400 square foot building situated on a 1.2-acre lot with over 500 feet of level lake frontage. The property includes a well-established bar and restaurant featuring a horseshoe-shaped bar with sliding doors leading to a tiered deck offering panoramic Long Lake views. A separate dining room provides a cozy atmosphere. The lower level includes living quarters with private deck access, presenting significant rental or residential potential. Additional outdoor amenities include a sandy beach and sand volleyball court, enhancing the property's appeal. The property is zoned commercial and presents numerous possibilities, from continuing the existing bar and restaurant operation to developing a new commercial venture or utilizing the living quarters as a lake home or rental. Its convenient location along Hwy 13, near the airport, and its proximity to popular recreational activities like fishing, boating, ATV riding, and snowmobiling make it an ideal destination. The property's APN is 272-109703021. Qualified buyers only.

Highlights

  • $875,000 asking price for a mixed-use business opportunity.
  • 6,250-6,400 square foot building on a 1.2-acre lot with 500+ feet of lake frontage.
  • Includes a bar, restaurant, and living quarters/rental space.
  • Located at 1094 N Lk Ave, Phillips, WI 54555 (APN: 272-109703021).
  • Commercial zoning.
  • Broker co-op available.

Property Details for 1094 Lake Ave

Property type
Retail properties, Restaurants
Square Feet
6,250 SF
Lot Size (sq. ft)
52,272 SF

Location Insight

City
Phillips
County
Price
State
Wisconsin
Latitude
45.7019708
Longitude
-90.4140769
1094 Lake Ave, Phillips, Wisconsin

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1094 Lake Ave
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