$695,000

20100 County Highway M

Cable WI, 54821

Description

LOOKING TO ESCAPE THE CITY? Heres 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.

Details

MLS#1544412
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1978
Days On Site268

Features

SQ Feet6,150
ZoningRecreational,Residential
Acreage21.96
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Area Information
StateWI
CountyBayfield
CityCable
Zip Code54821
Area56 - Drummond Schl Dist
Listing VS Median (in 54821)
Price:
$695,000
low | high
Med:
$179,900
100% of Average
SqFt:
6,150
low | high
Med:
1,133
100% of Average
$ / SqFt:
$113
low | high
Med:
$159
9.495069434302% of Average
On Site:
268
low | high
Med:
30
100% of Average
Sourced by Back At You
Listing Updated: April 10, 2021 9:28:38 PM PDT
William Brakken LogoMLS Number: 1544412
Listing Provided By:
William Brakken  of  Lakeplace.com Birchwood
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Realtors Association of Northwestern Wisconsin