Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Callahan Lake Road Hayward, WI 54843

    View on Map
    For Sale
    $699,000

    LAND - Hayward, WI

    Lot size:
    112.05 Acres
    Added:
    Nov 17, 2025
    Days on Market:
    135
    Last Refresh:
    Apr 1 at 5:06 am

    Property Features for Callahan Lake Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    APN
    40201
    Lot size
    112.05 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxDescription
    Lots 11 & 12, CSM 30/160 #7565, Prt NENW all in Sec 34-T41N-R7W and Prt SWSE E350', SESW, SWSE all in Sec 27-T41N-R7W
    TaxAnnualAmount
    2348

    Utilities

    Water front features
    Lake
    Water front
    1

    We can help!

    Listing Contact
    Joseph Donnellan
    Joseph Donnellan

    Listing agent Joseph Donnellan License #97723-94

    Listing office Area North Realty Inc 15453 Hwy B PO Box 747, Hayward, WI

    Listing date Nov 17, 2025

    MLS# 1597075 Listing URL

    Copyright © 2025 Northwestern Wisconsin Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Heavily Wooded Land Near Hayward

    Located 10 miles east of Hayward on Callahan Lake, this property features over 110 acres of heavily wooded land. The acreage includes more than 3,000 feet of water frontage with westerly views. A trail system winds throughout the acreage, facilitating exploration by foot, ATV, or snowmobile. The location provides opportunities for hunting and wildlife viewing. Situated within five minutes of the Chippewa Flowage, the property allows access to fishing, boating, and recreational opportunities. This parcel is suitable for hunting, a private getaway, or building a cabin in the woods.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Hayward
    County
    Sawyer
    State
    Wisconsin
    Longitude
    -91.231022
    Latitude
    45.98906

    Nearby Similar for Sale

    • $450,000
      3,520 SF

      Hayward Restaurant Opportunity For Sale

      Fine dining restaurant with highway visibility and recent updates.
      12695W Hwy 77, Hayward, WI 54843
      View Details
    • $750,000

      Grindstone Lake Waterfront Land

      Exceptional lakefront lot with cottage on Grindstone Lake.
      14954 W Goss Road, Hayward, WI 54843
      View Details
    • $550,000

      Lakeside Property on Schoolhouse Lake

      28+ acres with 1,641 feet of lake shore.
      7621 N White Beach Rd, Hayward, WI 54834
      View Details
    • $275,000
      2,064 SF

      Vintage Log Cabin Storefront

      Charming log cabin store with home in rear, near lakes.
      14293 W County Highway K, Hayward, WI 54843
      View Details
    • $199,900
      1,250 SF

      Hayward Storage Condos For Sale

      Upscale storage condos near Round Lake, Grindstone Lake, and Hayward.
      10195N County Highway K, Hayward, WI 54843
      View Details
    • $52,500

      Wooded Lot Near Hayward, WI

      Private wooded 4.76-acre lot near Hayward, WI.
      Ochu Road, Hayward, WI 54843
      View Details
    • $299,000

      Teal Lake Waterfront Land

      Land with 170 feet of frontage on Teal Lake.
      8182 W Nowak Road, Hayward, WI 54843
      View Details
    • $189,900
      1,500 SF

      Hayward Restaurant and Bar Opportunity

      Established bar and pizza restaurant with living quarters for sale.
      W904 Highway 77, Hayward, WI 54843
      View Details
    • $59,900

      Wooded Land Near Chippewa Flowage

      2.83-acre wooded parcel near Hayward with easy access to recreation.
      Dream Catcher Rd, Hayward, WI 54843
      View Details
    • $283,000
      3,000 SF

      Hayward Retail Property on Highway

      Retail property with high visibility and multiple access points.
      10331 State Highway 27, Hayward, WI 54843
      View Details
    • $60,000

      Hayward, WI Wooded Land Parcel

      5-acre wooded parcel near Hayward, WI, with recreational opportunities.
      US Highway 63, Hayward, WI 54843
      View Details
    • $1,695,000
      4,464 SF

      Thriving Hayward Restaurant and Bar

      Established restaurant and bar with prime lakefront location.
      9971N Grand Pines Lane, Hayward, WI 54843
      View Details

    FAQs

    What type of property is this?
    Recreation land - 112+ acre wooded land with 3,000+ feet water frontage.
    Where is this recreation land located?
    The property is located at Callahan Lake Road Hayward, WI.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Over 110 acres of heavily wooded, ultra‑private land.; Enjoy more than 3,000 feet of water frontage on Callahan Lake with westerly views.; Located within five minutes of the Chippewa Flowage, offering access to world‑class fishing and boating.
    (715) 699-0454
    We can help!
    Listing Contact
    Joseph Donnellan
    Joseph Donnellan
    Real Estate License ID: 97723-94
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!