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Waterfront Mixed-Use Property
For Sale
$849,000
Pending

11633 Lakeview Dr, Butternut, WI 54514

Restaurant and tavern operations are paired with four on-site cabins and lake access.

Property Size2,470 SF
Lot Size2.70 Acres
Days on Market8

Property Features for 11633 Lakeview Dr

General Information

Standard status Pending
Size 2,470 SF
Lot size 2.70 Acres
Property subtype Commercial

Restaurant

Patio Yes
Equipment Included Yes

Additional Details

Furnished Yes
Business Included Yes

Taxes and HOA fees

Annual Taxes $3,383

Amenities

Handicap Accessible
Irrigation Sprinklers
Landscaping
Storage

Building Details

Building Size 2,470 SF
Stories 1
Listing Agency: Redman Realty Group, LLC
Listed By: Renee & Chad Rasmussen Team · License #71524 - 94
Source: Integrityrealtorsllc
Added: Oct 22 Changed: Oct 25 Last Checked: Oct 26 at 4:04AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Redman Realty Group, LLC

Rey
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Investment Insights

Based on property information with market context.

At 11633 Lakeview Dr in Butternut, this 2,470-square-foot property combines a restaurant and tavern with four guest cabins on approximately 2.7 acres. Cabin configurations include a three-bedroom, one-bath unit; a one-bedroom unit with a loft and one bath; and two studio cabins with lofts and bathrooms. The sale includes the real estate, business, restaurant equipment, furnishings, fixtures, business assets, and cabin contents.

The property has approximately 190 feet of frontage on Butternut Lake, with multiple piers and a lakeside patio. It is located on ATV and snowmobile routes. Included equipment updates include a new ice machine identified for 2026, a pizza prep table, beverage cooler, walk-in cooler compressor, and newer docks. A storage shed is also on site.

Key Highlights

  • Approximately 2.7 acres with 190'+/- of frontage on Butternut Lake
  • 2,470‑square‑foot property includes a restaurant and tavern
  • Four cabins: one 3BR/1BA, one 1BR plus loft/1BA, and two studios with lofts and bathrooms

Property Analytics

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Current Use

Bobber’s On The Lake Restaurant

Suggested Use

Top Pick Big Box & Wholesale Store Restaurant Bed & Breakfast Hotel & Motel Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

8
Businesses Nearby

Demographics for 54514, WI

1,673
Population
1,556
Households
1.1
Avg Household Size
55
Median Age
21%
College-Educated
95%
High-School Grad
227.7 sq mi
ZIP Area
7
Density / Sq Mi
$73,875
Median Household Income
$40,978
Median Earnings
$633
Median Rent
$158,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Restaurant and tavern operations are paired with four on-site cabins and lake access.
Where is this mixed-use property located?
The property is located at 11633 Lakeview Dr Butternut, WI.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Approximately 2.7 acres with 190'+/- of frontage on Butternut Lake; 2,470‑square‑foot property includes a restaurant and tavern; Four cabins: one 3BR/1BA, one 1BR plus loft/1BA, and two studios with lofts and bathrooms
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