Building Details

Year Built 1884

Buildings 1

Stories 2

Units 1

Tenancy Multi

Listing Agency: Coldwell Banker Realty - Lakes s***@cbburnet.com Show Phone

Listed By: Sophie Hantzes Show Phone

Source: Ivyrealestategroup

Added: Oct 16, 2025 Changed: Aug 2 Last Checked: Aug 3 at 1:10PM

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Investment Insights

Based on property information with market context.

This street-level mixed-use property combines office and retail functionality within a four-unit building at 117 S 1st Street. The first floor contains two commercial spaces, while two lodging condominiums occupy the second floor. Built in 1884, the property offers views toward Lake Superior, Bayfield Marina, and Madeline Island.

The building is positioned across from Bayfield Marina in the center of Bayfield, with restaurants, shops, and beaches surrounding the property. Its Business/Commercial and Other zoning designations support its established commercial setting. The combination of first-floor storefront space, upper-level lodging units, and a marina-facing location creates a distinctive mixed-use configuration.

Key Highlights

• Street‑level office and retail space in a four‑unit building
• Two commercial spaces occupy the first floor
• Two lodging condominiums are located on the second floor

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store Garden Center Furniture & Home Goods (Bike/Boat/Book/etc) Store Building Supply

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

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

270

Businesses Nearby

Explore this area Business Placement

Demographics for 54814, WI

2,985

Population

1,902

Households

1.6

Avg Household Size

46

Median Age

35%

College-Educated

95%

High-School Grad

152.5 sq mi

ZIP Area

20

Density / Sq Mi

$62,813

Median Household Income

$26,583

Median Earnings

$628

Median Rent

$235,700

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercial space in a four-unit building with views toward Lake Superior, Bayfield Marina, and Madeline Island.

Where is this mixed-use property located?

The property is located at 117 S 1st Street ##100 Bayfield, WI.

What is the asking price?

The asking price for this property is Off market.

What are key features of this property?

This property features: Street‑level office and retail space in a four‑unit building; Two commercial spaces occupy the first floor; Two lodging condominiums are located on the second floor