Listing Agency: eXp Realty, LLC- WI w***@exprealty.net Show Phone

Listed By: Sally North · License #5795390 Show Phone

Source: Exprealty

Added: Jul 7, 2024 Changed: Oct 25 Last Checked: Oct 28 at 1:33PM

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Investment Insights

Based on property information with market context.

This mixed-use property, located in the heart of Madeline Island, presents an investment opportunity. The upper level features four tastefully renovated rental units, currently operating as profitable short-term rentals generating year-round income. The main level houses the Bell Street Tavern Event Center, a 6,000 square foot space that was a community gathering place for many years. The space includes a custom-made bar, a floor-to-ceiling Lake Superior stone fireplace, two large dining areas, a band/stage, and a full commercial kitchen. This area offers the potential for various commercial opportunities and could also be suitable for owner occupancy. The property is located within walking distance of area attractions. Madeline Island is a popular tourist destination with a growing community.

Key Highlights

• Profitable short‑term rental income from 4 renovated upper‑level units.
• Prime location on Madeline Island, a top tourist destination.
• Bell Street Tavern Event Center with custom bar and Lake Superior stone fireplace.

Property Analytics

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Open Analytics

Current Use

Short term rental ...

Location Intelligence

Trade Area within ½ mile

9

Businesses Nearby

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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Renovated rental units and event center in tourist destination.

Where is this mixed-use property located?

The property is located at 751 Bell St La Pointe, WI.

What is the asking price?

The asking price for this property is $1,290,000.

What are key features of this property?

This property features: Profitable short‑term rental income from 4 renovated upper‑level units.; Prime location on Madeline Island, a top tourist destination.; Bell Street Tavern Event Center with custom bar and Lake Superior stone fireplace.