120th S 6th Street Bayfield, WI 54814

$624,900
Pending
Business  |  MLS # 6500644
Pending
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About The Listing

Own a piece of Iconic Bayfield WI, Lucy’s Place is an established bed and breakfast, featuring 4 ensuites for rent, and a separate owner’s wing. Each ensuite features a private bath with jetted tub. in Lake superiors views from the garden, or walk a few blocks and be immersed in the shops and water front of this picturesque tourism hot spot. The property includes several additions and updates, including solar panels, upgrades in energy efficiency , and mechanical updates. This property operates at an 11.5% cap rate, making it an excellent investment opportunity. At just under 3800 square feet, it would also make an amazing north shore vacation property, with room to spare for friends and family.


Listing courtesy of Anthony Khambata, RE/MAX Professionals
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Property Details

Features

 
 
 
Property Type: Commercial
Status: Pending
Contingency Type: None
Year Built: 1903
MLS #: 6500644
Garage Spaces: 2
Parking Description: Attached Garage, Concrete, Gravel, Tuckunder Garage
Sewer Description: City Sewer/Connected, City Sewer - In Street
Air Conditioning Type: Window Unit(s)
Water: City Water/Connected, City Water - In Street
Heat Type: Forced Air
Basement: Block, Finished, Insulating Concrete Forms, Owner Access, Concrete, Walkout
Construction Description: Aluminum Siding
Roof Description: Asphalt
Days On Market (Continuous): 146
Disability Features: Wheelchair Ramp(s)
Latest Update: 08/01/2024
List Date: 03/08/2024
Listing Agent ID: 506006385
Listing Office: RE/MAX Professionals
Listing Office ID: 10346
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Appliances: Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Owned
Lot Dimensions: 119x120
Lot Size: 0.33 Acres
Lot Features: Tree Coverage - Medium, Underground Utilities
View Description: Harbor, Lake
Waterfront: Lake View
School District: Bayfield
Tax Year: 2022
Estimated Taxes: $4,255
Contingency Type: None
City: Bayfield
Zip: 54814
County: Bayfield
State: WI
Listing last updated: 08/01/24

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