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Key Details
Sold Price $580,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 2,997 sqft
Price per Sqft $193
MLS Listing ID 1580148
Sold Date 10/16/24
Annual Tax Amount $4,255
Tax Year 2022
Lot Size 0.329 Acres
Acres 0.329
Property Sub-Type Other
Property Description
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.
Location
State WI
County Bayfield
Zoning Commercial,Residential
Rooms
Basement Other-See Remarks
Interior
Heating Electric, Natural Gas, Solar
Cooling Wall A/C, Forced Air
Exterior
Exterior Feature Aluminum/Steel
Building
Sewer Municipal Sewer, Municipal Water
New Construction N
Schools
School District Bayfield
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