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120th S 6th ST Bayfield, WI 54814
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Key Details
Sold Price $580,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6500644
Sold Date 10/16/24
Year Built 1903
Annual Tax Amount $4,255
Tax Year 2022
Contingent None
Lot Size 0.330 Acres
Acres 0.33
Lot Dimensions 119x120
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
Zoning Business/Commercial,Residential-Single Family
Body of Water Lake Superior
Rooms
Family Room Community Room
Basement Block, Finished, Insulating Concrete Forms, Owner Access, Concrete, Walkout
Interior
Heating Forced Air
Cooling Window Unit(s)
Fireplace No
Appliance Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Owned
Exterior
Garage Attached Garage, Concrete, Gravel, Tuckunder Garage
Garage Spaces 2.0
Utilities Available Electric Common, Heating Common, Hot Water Common
Waterfront false
Waterfront Description Lake View
View Harbor, Lake
Roof Type Asphalt
Present Use Bed & Breakfast
Parking Type Attached Garage, Concrete, Gravel, Tuckunder Garage
Building
Lot Description Tree Coverage - Medium, Underground Utilities
Story Two
Foundation 1242
Sewer City Sewer/Connected, City Sewer - In Street
Water City Water/Connected, City Water - In Street
Level or Stories Two
Structure Type Aluminum Siding
Schools
School District Bayfield
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