1094 Lk Ave Phillips, WI 54555-1526

Prime investment opportunity in Phillips, Wisconsin! This exceptional mixed-use property, listed at $875,000, boasts a 6,250-6,400 square foot building situated on a 1.2-acre lot with over 500 feet of level lake frontage. The property includes a well-established bar and restaurant featuring a horseshoe-shaped bar with sliding doors leading to a tiered deck offering panoramic Long Lake views. A separate dining room provides a cozy atmosphere. The lower level includes living quarters with private deck access, presenting significant rental or residential potential. Additional outdoor amenities include a sandy beach and sand volleyball court, enhancing the property's appeal. The property is zoned commercial and presents numerous possibilities, from continuing the existing bar and restaurant operation to developing a new commercial venture or utilizing the living quarters as a lake home or rental. Its convenient location along Hwy 13, near the airport, and its proximity to popular recreational activities like fishing, boating, ATV riding, and snowmobiling make it an ideal destination. The property's APN is 272-109703021. Qualified buyers only.