Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land Near Red Cedar Lake Title is generated by Realmo AI

    Lot #24 28 1/8 Avenue, Birchwood, WI 54817

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land close to public boat landing on Red Cedar Lake.

    Type:Land / Mixed Use
    Added:
    May 12, 2026
    Days on Market:
    23
    Last Refresh:
    May 15 at 10:21 pm

    Property Features for Lot #24 28 1/8 Avenue

    General Information

    Standard status
    Active
    Property subtype
    Land / Mixed Use

    We can help!

    Listing Contact
    Jeff Iverson

    Listing agent Jeff Iverson License #57720-90

    Listing office Dane Arthur Real Estate Agency/Birchwood

    Listing date May 12, 2026

    Source Compass

    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 Dane Arthur Real Estate Agency/Birchwood

    HighLights

    • Short distance (two blocks) to public boat landing on Red Cedar Lake.
    • No HOA fees as a non‑member lot.
    • Option to join LL Beach Club (LLBC) and access amenities after closing.
    • Allowed to camp and build a cabin anytime.
    • Part of Loch Lomond community.
    • Lower taxes compared to properties directly on Red Cedar Lake.

    Overview

    This property is located a short distance, approximately two blocks, from the public boat landing on Red Cedar Lake. It is part of Loch Lomond but is not a member lot, and is subject to Division Four Restrictive Covenants. There are no HOA fees unless the buyer chooses to become a member lot after closing, in which case annual HOA dues will apply and the buyer will be able to share in LLBC amenities. As a non-member lot, there are no HOA fees but the buyer is required to observe Restrictive Covenants. In LLBC Division Four, camping and cabin construction are permitted.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Real Estate Agency Hotel & Motel Bar & Pub Bed & Breakfast

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Birchwood
    County
    Washburn
    State
    Wisconsin
    Longitude
    -91.56966
    Latitude
    45.611132

    Nearby Similar for Sale

    • $398,000

      Red Cedar Lake Waterfront Lot

      Serene waterfront lot on Red Cedar Lake with many amenities.
      2977 27 7/8 Street, Birchwood, WI 54817
      View Details
    • $397,500

      Balsam Lake Wooded Waterfront Land

      3 acres with 200 feet of frontage on Balsam Lake.
      Balsam Drive lot: 4, Birchwood, WI 54817
      View Details
    • $25,000

      Recreational Land Near Red Cedar Lake

      Land with access to Red Cedar Lake amenities.
      28 11/16 Street lot: #24, Birchwood, WI 54817
      View Details
    • $400,000

      80 Acres of Northwoods Paradise

      Secluded 80-acre land with pond, bordering county land.
      Sunset Lane, Birchwood, WI 54817
      View Details
    • $199,900

      Big Chetac Lake Build-Ready Lot

      0.84-acre lake lot with 88 feet of frontage.
      2796N County Hwy F, Birchwood, WI 54817
      View Details
    • $64,900

      Birchwood Land with Lake Access

      0.95-acre lot with lake access and exceptional privacy.
      2861 29 7/16 Avenue, Birchwood, WI 54817
      View Details
    • $35,000

      Wooded Lot Near Red Cedar Lake

      0.71-acre wooded lot near Red Cedar Lake in Birchwood, WI.
      28 3/8 Street, Birchwood, WI 54817
      View Details
    • $90,000

      Loch Lomond Land with Garage

      Half-acre lot with well, garage, and beach club access.
      2828 27 7/8 Avenue, Birchwood, WI 54817
      View Details
    • $46,000

      Land with Lake Access

      Two lots with access to Red Cedar Lake amenities.
      2975 28 1/2 Street, Birchwood, WI 54817
      View Details
    • $220,631

      32 Acres Near Birchwood, WI

      32-acre wooded property near Birchwood with recreational opportunities.
      W State Highway 48, Birchwood, WI 54817
      View Details
    • $17,000

      Recreational Land Near Red Cedar Lake

      0.69-acre parcel with access to Red Cedar Lake.
      LOT #9 KIRKWALL Drive, Birchwood, WI 54817
      View Details
    • $47,900

      Waterfront Residential Double Lot

      Build a up to 3-bedroom home or cabin on a level wooded double lot with 200-amp electric and lake access.
      2863 INDEPENDENCE WAY /29 9/16 Avenue, Birchwood, WI 54817
      View Details

    FAQs

    What type of property is this?
    Land - Land close to public boat landing on Red Cedar Lake.
    Where is this land located?
    The property is located at Lot #24 28 1/8 Avenue Birchwood, 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: Short distance (two blocks) to public boat landing on Red Cedar Lake.; No HOA fees as a non‑member lot.; Option to join LL Beach Club (LLBC) and access amenities after closing.
    (715) 354-9773
    We can help!
    Listing Contact
    Jeff Iverson
    Real Estate License ID: 57720-90
    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

    Thank You for Inquiry
    Lot #24 28 1/8 Avenue, Birchwood, WI 54817
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!