14770 State Highway 13Herbster, WI 54844

  • Other commercial real estate
  • 0.17 AC
For Sale
$399,900 View listing

Property Details for 14770 State Highway 13

Lot size
0.17 AC
Property type
Other commercial real estate
APN
04-014-2-50-07-05-4 00-238-04000
APU
9223372036854775807

Description

This exceptional turnkey business opportunity encompasses the Elsie Blue General Store and Timberrr Bar, situated on a 0.34-acre lot at 14770 State Hwy 13 in Herbster, Wisconsin. Priced at $399,900, this well-established establishment is a local landmark, renowned throughout the South Shore of Lake Superior. The property boasts stunning views of Lake Superior, a significant advantage attracting both local residents and tourists. Its strategic location directly on an ATV and snowmobile trail provides easy access for outdoor enthusiasts, while its proximity to thousands of acres of hunting land and numerous lakes and streams, including the Cranberry River (a Class 1 trout stream), further enhances its appeal. Timberrr Bar is recognized for its rapid growth, a testament to its popularity and strong customer base. The combined business model of a general store and a thriving bar offers a diverse revenue stream and significant potential for future expansion. This is a rare chance to acquire a profitable, established business with a strong reputation and exceptional location. The property's unique combination of natural beauty, recreational access, and a thriving business makes it an attractive investment opportunity. This turnkey operation is ready for a new owner to step in and continue its success.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,558,334
    Hospitality
    $1,427,426
    Educational
    $1,187,601
    Medical
    $1,228,445
    Retail
    $1,847,380
14770 State Highway 13, Herbster, Wisconsin

Location Insight

City
Herbster
County
Bayfield
State
Wisconsin
Latitude
46.8329
Longitude
-91.2627

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$1,693
$7,700
$99,500
$107,200
-
-
-
$134,900

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