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Listed by Jeremy Mavis • Woodland Developments & Realty
$ 225,000
Est. payment /mo
Active
68290 S Main Street Iron River, WI 54847
11,040 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 11,040 sqft
Price per Sqft $20
Municipality IRON RIVER
MLS Listing ID 1596501
Annual Tax Amount $5,831
Tax Year 2025
Lot Size 0.370 Acres
Acres 0.37
Property Description
A rare opportunity to own a versatile 11,040 sq ft commercial building in the heart of downtown Iron River, WI, ideally situated on the corner of US Hwy 2 and Main Street for maximum visibility and easy access. This property offers multiple income-producing possibilities with four distinct spaces under one roof. The main level features a 6-lane bowling alley spanning nearly 4,500 sq ft, providing a fun and timeless community attraction. Adjacent to it, a 3,500 sq ft bar area includes gaming tables, a stage for live entertainment, and plenty of seating, making it ideal for hosting events and gatherings. A separate 1,500+ sq ft restaurant area with a fully equipped commercial kitchen provides opportunities for food service expansion or a standalone dining concept. Upstairs, a spacious 1,500+ sq ft apartment offers 2 bedrooms, 1.5 baths, and an open living area, perfect for owner occupancy or rental income. Additional features include a 32x56 attached garage with three overhead doors, providing excellent storage, parking, or workspace options. All this sits on a 0.374-acre corner lot with city water and sewer, and natural gas service. Whether you?re seeking an investment, an owner-operator opportunity, or a redevelopment site in a high-traffic corridor, this property delivers versatility, visibility, and value in a thriving Northwoods community.
Location
State WI
County Bayfield
Zoning Commercial
Rooms
Basement Full, Block, Poured Concrete
Interior
Heating Natural Gas
Cooling Central Air, Wall/Sleeve Air, Baseboard, Forced Air, Radiant
Exterior
Exterior Feature Aluminum/Steel, Stone, Vinyl
Building
Sewer Municipal Sewer, Municipal Water
New Construction N
Schools
School District Maple
Others
Acceptable Financing Seller May Assist
Listing Terms Seller May Assist
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