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Mixed-Use Property with Lake Frontage

667 HWY 45, Eagle River, WI 54521

For Sale
$610,000

CommercialSale, Eagle River, WI

Property SizeContact for details
Lot Size1.68 Acres
Days on Market263

Property Features for 667 HWY 45

General Information

Property type Commercial Sale
Property subtype Retail
Bedrooms 4
Bathrooms 4
Full bathrooms 2
Half bathrooms 2
Rooms Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 4, Bedroom 2, Bathroom 1, Bathroom 3, Bathroom 2
Interior features Storage
Exterior features Storage
Lot features Lake Front, Sloped, Wooded
Directions HWY 70 east to HWY 45 south go 2.3 miles, home is on west side of HWY 45
Standard status Active
APN 14-435
Lot size 1.68 Acres

Tenancy & Operations

Currently Operating Yes
Business Included Yes

Additional Details

Mixed-Use Components retail, residential

Taxes and HOA fees

Tax Year 2025
Tax Description PRT LOTS 3,4 & N 1/2 LOT 5 PLAT PINECREST EXC 199-630, 181-36,199-551,309-35 A/K/A 3-1,4-1,5-1
Tax Annual Amount 1979
Legal Description PRT LOTS 3,4 & N 1/2 LOT 5 PLAT PINECREST EXC 199-630, 181-36,199-551,309-35 A/K/A 3-1,4-1,5-1

Utilities

Sewer type Septic Tank
Heating system Natural Gas, Forced Air
Water source Well
Water front features Lake Front
Water front 1

Building Details

Year built 1971
Floors in Building 1
Number of units 2
Flooring type Mixed
Building materials Frame, VinylSiding, WoodSiding
Roof type Composition, Shingle
Additional Structures Storage, Outbuilding
Listing Agency: RE/MAX PROPERTY PROS · RE/MAX International
Listed By: JENNIFER BIEGEL (BIEGEL TEAM) · License WI 114076-94
Added: Feb 20 Changed: Oct 26 Last Checked: Nov 9 at 11:06AM
MLS# 215824

Copyright © 2026 Greater Northwoods MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This mixed-use property combines a convenience, liquor, tobacco, and bait store with an attached residential component. The store contains 1,200 square feet, while the multi-level home provides 2,600 square feet with four bedrooms and three bathrooms. Residential features include an open kitchen, dining and living area, family room with fireplace, office, fitness room, west-facing deck, and two-car garage.

Set on 1.68 acres at 667 HWY 45 in Eagle River, the property offers more than 300 feet of road frontage and exposure to 6,000+ motorists daily. The site also includes 50 feet of sand frontage on Spring Lake and a private dock. Additional property infrastructure includes a well, septic tank, natural-gas forced-air heat, frame construction, and mixed wood and vinyl siding. Built in 1971, the property includes storage areas and composition and shingle roofing.

Key Highlights

  • 1,200 sq ft convenience, liquor, tobacco, and bait store
  • Attached 2,600 sq ft multi‑level home with 4 bedrooms and 3 bathrooms
  • 50 ft of sand frontage on Spring Lake with private dock

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Grocery and convenience stores

Suggested Use

Top Pick Building Supply (Bike/Boat/Book/etc) Store Auto Repair Shop Furniture & Home Goods Food Market 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

6,000 VPD
Traffic count
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

31
Businesses Nearby

Demographics for 54521, WI

8,317
Population
7,687
Households
1.1
Avg Household Size
54
Median Age
29%
College-Educated
96%
High-School Grad
188.4 sq mi
ZIP Area
44
Density / Sq Mi
$72,619
Median Household Income
$40,006
Median Earnings
$913
Median Rent
$275,900
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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Convenience retail space is attached to a four-bedroom, three-bath residence with private dock access.
Where is this mixed-use property located?
The property is located at 667 HWY 45 Eagle River, WI.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: 1,200 sq ft convenience, liquor, tobacco, and bait store; Attached 2,600 sq ft multi‑level home with 4 bedrooms and 3 bathrooms; 50 ft of sand frontage on Spring Lake with private dock
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