1094 Lake AvePhillips, WI 54555

Property Details for 1094 Lake Ave

Lot size

1.20 AC

Property type

Commercial real estate

APN

50-272-4-37-01-07-5 05-013-90000

APU

9223372036854775807

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $11,000,301

  Hospitality

  $10,076,217

  Educational

  $8,383,294

  Medical

  $8,671,608

  Retail

  $13,040,679

Location Insight

City

Phillips

County

Price

State

Wisconsin

Latitude

45.7018

Longitude

-90.4141

Property Tax & Assessments

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