NEED TO SELL your home to buy this one?
  • 20100 County Hwy M

  • Cable, WI 54821
  • $695,000
  • MLS® #: 6093902
  • Year Built: 1978
COMMERCIAL property for sale in Cable, WI at 20100 County Hwy M. This property is priced at $31,648/acre.

Description of 20100 County Hwy M, Cable, WI 54821 - $695,000

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.

Essential Information

  • MLS® #6093902
  • Price$695,000
  • Bathrooms0.00
  • Acres21.96
  • Year Built1978
  • TypeCOMMERCIAL
  • Sub-TypeResort
  • StatusACTIVE

Heating

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

Community Information

  • Address20100 County Hwy M
  • AreaCable
  • CityCable
  • CountyBayfield County
  • StateWI
  • Zip Code54821

Exterior

  • ExteriorWood
  • RoofAsphalt Shingles
  • ConstructionFrame/Wood

Interior

  • InteriorSheet Rock, Wood
  • CoolingCentral, Window
  • # of Stories2

School Information

  • DistrictDrummond Area (WI) #1491

Additional Information

  • Listing OfficeLakeplace.com/birchwood

Kris LindahlREALTOR®

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