Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Versatile Waterfront Property on Blueberry Lake Title is generated by Realmo AI

    7042 N LAKESHORE DR, Couderay, WI 54828

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    Waterfront property with a 3-bedroom home and development potential.

    Type:Hospitality, Retail, Special Purpose
    Lot size:
    3.00 Acres
    Added:
    May 25, 2026
    Days on Market:
    6
    Last Refresh:
    May 27 at 8:25 am

    Property Features for 7042 N LAKESHORE DR

    General Information

    Standard status
    Active
    Lot size
    3.00 Acres
    Property subtype
    Hospitality, Retail, Special Purpose

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    Megan Steinmetz

    Listing agent Megan Steinmetz License #WI 85179 - 94

    Listing office Keller Williams Classic Realty

    Listing date May 25, 2026

    Source Crexi

    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 Keller Williams Classic Realty

    HighLights

    • Over 3 acres of waterfront land with rare sugar sand shoreline on crystal‑clear Blueberry Lake.
    • Fully finished attached 3‑bedroom home with panoramic lake views, ready for immediate occupancy.
    • Exceptional flexibility for various uses: co‑ownership, dual rentals, family retreat, or custom luxury destination.
    • Additional lakefront structure with outstanding potential for a second residence, entertainment lodge, or vacation rental conversion.
    • Recent exterior improvements (new siding and roofing) provide a strong foundation for future customization.
    • Premier four‑season recreational location with easy access to boating, fishing, snowmobiling, ATV/UTV trails, and nearby towns.

    Overview

    This waterfront property on Blueberry Lake in Couderay, Wisconsin, spans over 3 acres and features a sugar sand shoreline. The property, formerly a bar and restaurant, includes a finished 3-bedroom home with lake views. It is suited for various uses, including a co-ownership lake property, dual short-term rentals, a live-in/rent-the-other setup, a family retreat, or a custom Northwoods destination. The property offers flexibility with separate entrances suitable for multi-generational living, dual ownership, rental separation, or guest privacy. The additional lakefront structure has potential for a second residence, entertainment lodge, bunkhouse, event space, or vacation rental conversion. Exterior improvements include new siding and roofing. The location provides access to boating, fishing, snowmobiling, ATV/UTV trails, hiking, dining, and local events. It allows direct snowmobile access and is near ATV/UTV trails. The property is located near a bar and restaurant and is conveniently located near Hayward and Stone Lake.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Big Box & Wholesale Store Hotel & Motel Storage Facility Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Couderay
    County
    Sawyer
    State
    Wisconsin
    Longitude
    -91.250425
    Latitude
    45.889077

    Nearby Similar for Sale

    • $548,000

      Versatile Riverfront Property For Sale

      56.49-acre riverfront property with golf course, bar, restaurant, campground.
      11701 W State Route 27/70, Couderay, WI 54828
      View Details
    • $189,900

      Couderay, WI 26.89-Acre Land

      26.89 acres in Couderay, WI, perfect for recreation/building.
      12655 W Atherton Road, Couderay, WI 54828
      View Details
    • $249,000

      Bar, Restaurant, and Campground

      Bar/restaurant with 11-site campground on 4.6 acres by Couderay River.
      11701 W State Route 27/70, Couderay, WI 54828
      View Details
    • $149,483

      Couderay, WI Forestland Acreage

      40 acres of hunting and forestland in Sawyer County.
      ON N Old Couderay Road, Couderay, WI 54828
      View Details
    • $45,000

      Vacant Land Near Couderay, WI

      5.12-acre vacant parcel near Couderay, WI, ideal for recreation.
      Delap Lane lot: 2, Couderay, WI 54828
      View Details
    • $336,844

      Couderay, WI Forestland for Sale

      120-acre forestland in Sawyer County, great hunting land.
      ON N Hofer Road, Couderay, WI 54828
      View Details
    • $251,370

      Couderay, WI Forestland for Sale

      120-acre forestland in Sawyer County, suitable for hunting.
      ON Delap Lane, Couderay, WI 54828
      View Details
    • $147,845

      Couderay, WI Forestland for Sale

      40 acres of hunting and forestland in Sawyer County, Wisconsin.
      ON N Hofer Road, Couderay, WI 54828
      View Details
    • $189,900

      Couderay Acreage with Northwoods Privacy

      26.89-acre property with open space and mature trees.
      12655 West Atherton Road, Couderay, WI 54828
      View Details
    • $45,000

      Vacant Land Near Couderay

      5.12-acre vacant parcel near Couderay, Wisconsin.
      Lot 2 Delap Lane, Couderay, WI 54828
      View Details
    • $52,500

      5.12 Acre Northwoods Property

      5.12 acre property prepped for building in Couderay, WI.
      12331 Delap Lane, Couderay, WI 54828
      View Details
    • $99,500
      6,000 SF

      Spacious Commercial Building on Highway

      6,000 SF commercial building with loading dock on major highway.
      4449 N County Road CC, Couderay, WI 54828
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront property with a 3-bedroom home and development potential.
    Where is this waterfront land located?
    The property is located at 7042 N LAKESHORE DR Couderay, WI.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: Over 3 acres of waterfront land with rare sugar sand shoreline on crystal‑clear Blueberry Lake.; Fully finished attached 3‑bedroom home with panoramic lake views, ready for immediate occupancy.; Exceptional flexibility for various uses: co‑ownership, dual rentals, family retreat, or custom luxury destination.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Megan Steinmetz
    Real Estate License ID: WI 85179 - 94
    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
    7042 N LAKESHORE DR, COUDERAY, WI
    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!