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Lakefront Resort with Rental Cabins
New
For Sale
$1,295,000

12770 Scenic Drive, Iron River, WI 54847

The lodge combines a bar and restaurant with an attached three-bedroom residence, plus three separate guest cabins.

Property SizeContact for details
Days on Market6

Property Features for 12770 Scenic Drive

General Information

Standard status Active
Property subtype Commercial
Zoning Business/Commercial

Additional Details

Business Included Yes
Currently Operating Yes

Taxes and HOA fees

Annual Taxes $7,160

Building Details

Year Built 1900
Units 4
Listing Agency: Coldwell Banker Realty
Listed By: Peggy M Kman · License #48695-90
Source: Getyoumoved
Added: Oct 20 Changed: Oct 25 Last Checked: Oct 23 at 2:18PM

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 Coldwell Banker Realty

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Investment Insights

Based on property information with market context.

This Lake Delta resort includes a lodge with an operating bar and restaurant, an attached three-bedroom home, and three rental cabins. The residence has an open kitchen and great room with a wood stove and pantry, along with a lower-level family room, full bath, bedrooms, and storage. Its primary suite includes an ensuite bath with a jetted tub and walk-in shower. A wraparound deck overlooks the lake. One cabin also has lower-level storage.

The property has lake frontage on Lake Delta in Bayfield County, with access to the lake for fishing and boating. Zoning is Business/Commercial. An open area behind the lodge provides additional land on the property.

Key Highlights

  • Lakefront resort on Lake Delta in Bayfield County
  • Lodge includes an operating bar and restaurant
  • Attached residence has three bedrooms

Property Analytics

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Current Use

Scenic Drive Resort Bar & Pub

Suggested Use

Top Pick Real Estate Agency Restaurant

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

6
Businesses Nearby

Demographics for 54847, WI

2,483
Population
2,176
Households
1.1
Avg Household Size
54
Median Age
31%
College-Educated
95%
High-School Grad
191.6 sq mi
ZIP Area
13
Density / Sq Mi
$67,946
Median Household Income
$44,243
Median Earnings
$890
Median Rent
$253,900
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 Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Resort - The lodge combines a bar and restaurant with an attached three-bedroom residence, plus three separate guest cabins.
Where is this resort located?
The property is located at 12770 Scenic Drive Iron River, WI.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Lakefront resort on Lake Delta in Bayfield County; Lodge includes an operating bar and restaurant; Attached residence has three bedrooms
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