Waterfront Resort with
For Sale
$1,495,000
8181 County Road Y, Gordon, WI 54838
Six boat slips and a private launch provide on-site boating access.
Property Size6,000 SF
Price / SF$249.17
Days on Market29
Property Features for 8181 County Road Y
General Information
Standard status
Active
Size
6,000 SF
Property subtype
Commercial
Units
Unit Mix
3 x 2BR/1BA, 1 x 2BR apartment, 1 x 2BR house
Multifamily Units
5
Additional Details
Furnished
Yes
Amenities
six-slip dock system
private boat launch
RV dump station
covered deck
recreation room
laundry facility
in-floor heat
Building Details
Building Size
6,000 SF
Buildings
5
Listing Agency:
Freedom Choice Realty LLC
(715) 748-1177
Listed By:
Jamie Kleutsch · License #58107-90
(715) 550-5246
Source:
Freedom-choice
Added: Sep 25
Changed: Oct 23
Last Checked: Oct 23 at 3:35PM
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 Freedom Choice Realty LLC
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Investment Insights
Based on property information with market context.
This waterfront resort property includes three remodeled, furnished cabins, each with two bedrooms and one bathroom, plus a 52-by-60-foot shouse. The shouse has a two-bedroom apartment, shower rooms, laundry, a recreation room with a full kitchen, and a covered deck. A separate two-bedroom, 1,100-square-foot house is being remodeled and is expected to be completed before sale. The property also has a new septic system and an RV dump station, with permits for 24 RV or campsite sites.
More than 500 feet of waterfront extends along the St. Croix Flowage, which covers approximately 2,800 acres. Boating amenities include a six-slip dock and private boat launch; ATV and snowmobile trails are accessible from the property. The site encompasses nearly five acres. It was previously operated as a weekly rental resort, while recent improvements have not been operated as a rental business.
More than 500 feet of waterfront extends along the St. Croix Flowage, which covers approximately 2,800 acres. Boating amenities include a six-slip dock and private boat launch; ATV and snowmobile trails are accessible from the property. The site encompasses nearly five acres. It was previously operated as a weekly rental resort, while recent improvements have not been operated as a rental business.
Key Highlights
- More than 500 feet of frontage on the St. Croix Flowage, which covers approximately 2800 acres
- Three remodeled, furnished cabins, each with 2 bedrooms and 1 bath
- 52x60 shouse with a 2‑bedroom apartment, recreation room, kitchen, laundry, and covered deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,015
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,300
$880.3K
Cap Rate 7%
$628,786
$628.8K
Cap Rate 9%
$489,056
$489.1K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$84.2K $14.04/SF
− Vacancy
−$4.2K −$0.70/SF
EGI
$80.0K $13.34/SF
− OpEx
−$36.0K −$6.00/SF
NOI
$44.0K $7.34/SF
Area
Douglas County, WI
Vacancy
5.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,300
Cap Rate 7%
$628,786
Cap Rate 9%
$489,056
Alternative Uses
Best Use
Apartment 5plus
$628.8K
$550.2K – $733.6K
NOI $44,015 @ 7.0% cap · market cap 2.94%
Second Best
Hotel Hospitality
$522.2K
$456.9K – $609.2K
NOI $36,551 @ 7.0% cap · market cap 2.44%
Theoretical Best
Specialty Retail
$1.89M
$1.66M – $2.21M
NOI $132,423 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
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Business Placement
Demographics for 54838, WI
1,481
Population
1,685
Households
0.9
Avg Household Size
59
Median Age
29%
College-Educated
95%
High-School Grad
241.0 sq mi
ZIP Area
6
Density / Sq Mi
$75,000
Median Household Income
$39,554
Median Earnings
$917
Median Rent
$235,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Resort - Six boat slips and a private launch provide on-site boating access.
Where is this resort located?
The property is located at 8181 County Road Y Gordon, WI.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: More than 500 feet of frontage on the St. Croix Flowage, which covers approximately 2800 acres; Three remodeled, furnished cabins, each with 2 bedrooms and 1 bath; 52x60 shouse with a 2‑bedroom apartment, recreation room, kitchen, laundry, and covered deck
