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Waterfront Retail Space
For Sale
$997,000

824 HWY 51, Minocqua, WI 54548

CommercialSale, Minocqua, WI

Property SizeContact for details
Lot Size0.41 Acres
Days on Market158

Property Features for 824 HWY 51

General Information

Property type Commercial Sale
Property subtype Other
Lot features Lake Front
Directions On HWY 51 North side of Minocqua
Standard status Active
APN 01601-2205-0002
Lot size 0.41 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description PT G L 2 .40CA/-SA SEE SM B900
Tax Annual Amount 1985
Legal Description PT G L 2 .40CA/-SA SEE SM B900

Utilities

Sewer type Public Sewer
Heating system Forced Air, Natural Gas, Electric (Heating)
Cooling system Central Air
Water source Public
Water front features Lake Front
Water front 1

Building Details

Floors in Building 1
Flooring type Carpet
Building materials Frame, LogSiding
Roof type Rubber, Rolled Hot Mop
Listing Agency: REDMAN REALTY GROUP, LLC
Listed By: PETER NICOL · License #86718 - 94
Added: Apr 15 Changed: Sep 13 Last Checked: Sep 19 at 11:06PM
MLS# 216514

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.

Investment Insights

Based on property information with market context.

This retail property includes an established bait and tackle operation, trolling motor repair service, and guided fishing trips. The business has operated for over 25 years and is supported by experienced employees, premium tackle lines, and relationships with manufacturers and wholesalers. The site contains 0.405 acres and features a frame and log-siding exterior, carpet flooring, central air, forced-air heating, and natural gas and electric heating systems.

Located at 824 Hwy 51 in Minocqua, the property has frontage on Mill Pond and access to public water and public sewer. The roof uses rolled hot-mop and rubber materials. The offering combines retail space with multiple established operating components, including merchandise sales, repair services, and guided trips.

Key Highlights

  • 0.405‑acre retail property at 824 Hwy 51, Minocqua, WI 54548
  • Mill Pond frontage with lakefront features
  • Established bait and tackle business operating for over 25 years

Property Analytics

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Current Use

Kurt's Island Sport ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Big Box & Wholesale Store Plumbing Service Storage Facility Locksmith (Bike/Boat/Book/etc) Store Pharmacy

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

Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

347
Businesses Nearby
30k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 48% Shops & Services 20% Hotels & Casinos 17% Apparel 7%
Save More Marketplace Groceries
14,539 visits/mo 0.2 miles
Dollar Tree Shops & Services
5,908 visits/mo 0.2 miles
Best Western Plus Concord Inn Hotels & Casinos
4,204 visits/mo 0.2 miles
Glik's Apparel
2,015 visits/mo 0.3 miles
Verizon Electronics
1,605 visits/mo 0.1 miles

Demographics for 54548, WI

5,406
Population
5,096
Households
1.1
Avg Household Size
56
Median Age
36%
College-Educated
96%
High-School Grad
99.0 sq mi
ZIP Area
55
Density / Sq Mi
$69,784
Median Household Income
$42,378
Median Earnings
$935
Median Rent
$307,700
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
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Retail property with public utilities, central air, and a frame-and-log exterior adjoining Mill Pond.
Where is this retail space located?
The property is located at 824 HWY 51 Minocqua, WI.
What is the asking price?
The asking price for this property is $997,000.
What are key features of this property?
This property features: 0.405‑acre retail property at 824 Hwy 51, Minocqua, WI 54548; Mill Pond frontage with lakefront features; Established bait and tackle business operating for over 25 years
More about this property
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