324 W Bayfield St, Washburn, WI 54891

This turnkey mixed-use building combines a spacious commercial storefront on the main floor with two residential apartments on the upper levels. The commercial space totals 2,130 sq ft, while the apartments are 625 sq ft and 835 sq ft. The property is fully occupied and described as cash-flowing from day one, with financial details and a rent roll available upon request. The building is supported by a newer boiler, a durable metal roof, and a full walk-out basement. Fiber optic internet service and off-street parking are also included.

Located in the heart of downtown Washburn, the property is positioned steps from the Chequamegon Bay waterfront, according to the seller’s remarks. The live-work zoning is called out as a feature that can support an owner-operator approach, pairing residential rental income with the ability to use the commercial space.

For tenants and operators, the configuration offers separate commercial and residential income opportunities under one roof, along with dedicated off-street parking. For an owner-operator, the live-work zoning provides a practical path to occupy the storefront while the two apartments can help offset operating costs. The rear apartment’s view of Lake Superior is specifically noted as a factor that has helped sustain tenant renewals.