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$ 850,000
Est. payment | /mo
2,831 SqFt
$ 850,000
Est. payment | /mo
2,831 SqFt
Key Details
Property Type Commercial
Sub Type Motel/Hotel/Bed & Brkfst,Resort/Campground
Listing Status Active
Purchase Type For Sale
Square Footage 2,831 sqft
Price per Sqft $300
MLS Listing ID 1603857
Annual Tax Amount $4,119
Tax Year 2025
Lot Size 1.318 Acres
Acres 1.318
Property Sub-Type Motel/Hotel/Bed & Brkfst,Resort/Campground
Property Description
Step into a strong bar, restaurant, and rental business in Hayward, Wisconsin?one of the Northwoods? premier vacation destinations. Park Island Resort, located on full-recreation Nelson Lake, includes a popular bar and restaurant, outdoor bar and seating area, attached 2-bedroom/1-bath living quarters, and a 4-unit condo motel with four dock spaces - two docks are included in the sale. With newer kitchen and bar equipment, a loyal customer base of vacationers and locals, and year-round motel rental income, the business is ready for a new owner to begin operating right away. The owner has made significant updates in recent years, including kitchen and bar equipment, mini-splits, a wood pellet stove, remodeled bar bathrooms, a new outdoor pavilion, bar, and furniture added between 2023 and 2026, plus ongoing maintenance throughout. The bar/house roof is less than 10 years old, and the exterior was repainted in 2024. Motel updates include new AC/heat units, a new roof in 2021, and updated windows and beds. The attached residence features a full kitchen, living room, remodeled bathroom with walk-in shower, and private rear deck; it is currently occupied by a long-term tenant who may be interested in staying. This year-round resort is ideally positioned to capture Hayward?s recreation appeal, with direct snowmobile trail access, instant ATV ride-out access, proximity to the Birkie Trail, cross-country skiing, and CAMBA mountain bike trails, plus 2,500-acre Nelson Lake for fishing, boating, and water activities. Please contact an agent directly for details and showings rather than inquiring at the bar; showings can be scheduled on weekday mornings.
Location
State WI
County Sawyer
Zoning Recreational,Residential
Rooms
Basement Crawl Space, Full, Block
Interior
Heating Electric, Lp Gas, Wood
Cooling Central Air, Wall/Sleeve Air, Baseboard, Forced Air, Heat Pump, Radiant
Exterior
Exterior Feature Wood
Building
Dwelling Type 4-Season
Sewer Private Septic System
New Construction N
Schools
School District Hayward
Others
Acceptable Financing Seller May Assist
Listing Terms Seller May Assist
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Listed by Area North Realty Inc