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120 S 6th ST Bayfield, WI 54814
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Key Details
Sold Price $580,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,997 sqft
Price per Sqft $193
MLS Listing ID 1580148
Sold Date 10/16/24
HOA Y/N No
Abv Grd Liv Area 2,497
Annual Tax Amount $4,255
Tax Year 2022
Lot Size 0.329 Acres
Acres 0.329
Property Description
Own a piece of Iconic Bayfield WI, Lucy's Place is an established bed and breakfast, featuring 4 ensuites for rent, and a separate owner's wing. Each ensuite features a private bath with jetted tub. in Lake superiors views from the garden, or walk a few blocks and be immersed in the shops and water front of this picturesque tourism hot spot. The property includes several additions and updates, including solar panels, upgrades in energy efficiency , and mechanical updates. This property operates at an 11.5% cap rate, making it an excellent investment opportunity. At just under 3800 square feet, it would also make an amazing north shore vacation property, with room to spare for friends and family.
Location
State WI
County Bayfield
Area 57 - Ashland/Bayfield
Rooms
Basement Other, See Remarks
Interior
Heating Forced Air
Cooling Window Unit(s)
Fireplace No
Exterior
Waterfront Description Lake
View Y/N Yes
Water Access Desc Public
View Lake
Building
Sewer Public Sewer
Water Public
Schools
School District Bayfield
Others
Tax ID 04206250041440012763100
Financing Cash
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