For Sale: Iron River MLS# 6774502
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Property Description
Exceptional commercial opportunity on 6.28 acres along US Hwy 2. This unique multi-income property includes a fully equipped restaurant/bar, nine rental cabins, six city-serviced campsites, an 18-hole mini-golf course, and a two-car garage, all in a high-traffic corridor ideal for year-round business.
The well-maintained restaurant features a welcoming bar area, separate dining room, gift shop, two restrooms, and a clean, updated kitchen currently supporting farm-to-table service. The lower level offers an additional entertainment space with its own bar, bathroom, seating area, and storage—perfect for private events or expanded revenue. A 1990s addition enhances functionality and flow. Outdoor amenities include nine studio cabins, six campsites with city water and sewer hookups, and a mini-golf course. The property sits on a busy tri-state route with strong ATV, snowmobile, and tourist traffic, and benefits from steady vehicle flow to Ashland, Bayfield, and Lake Superior. With over six acres of commercially zoned land, the site offers excellent expansion potential for additional campsites, lodging units, storage buildings, a farmer’s market, or other commercial uses. Two additional 1.26-acre residential lots are also available.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$595,000
Property Type:
Commercial
City:
Iron River
Garage Spaces:
2
County:
Bayfield
Year Built:
1940
State:
WI
Property Style:
1 Story
Zip Code:
54847
Interior
Ceiling Height:
8-10
Basement Details:
- Block
- Full
Exterior
Stories:
One
Garage Spaces:
2
Air Conditioning:
None
Foundation Size:
4,740 ft2
Handicap Accessible:
Doors 36"+
Heating System:
Forced Air
Parking Features:
- Asphalt
- Detached Garage
Road Frontage:
- Highway
- Paved Streets
Exterior Material:
Frame
Roof Details:
Asphalt
Lot & Land
Acres:
6.28
Geolocation:
46.5643596249, -91.4007562442
Inclusions:
Building, Fixture/Equipment, Land, Liquor License
Lot Dimensions:
Irreg
Zoning:
Business/Commercial
Lot Description:
Irregular Lot
Schools
School District:
1399
District Phone:
7157793201
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$8,129
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$8,129
Units
Total Units:
1
Miscellaneous
Current Use:
- Bar/Tavern
- Hotel/Motel
- Resort
- Restaurant
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Common
Water System:
City Water/Connected
Power Company Name:
Bayfield Co-op
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Edina Realty, Inc. - Duluth.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.