120th S 6th Street Bayfield, WI $ 624,900
120th S 6th Street
$ 624,900
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120th S 6th Street

Bayfield, WI, 54814
$ 624,900
Baths0.0 Sq 3,745

Monthly Estimate*

$ 4,365

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Studio

Commercial Property for sale in Bayfield, WI

for $624,900. This 3,745 square foot building was built in 1903 on a lot size of 0.33.

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.

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Commercial Active

Price

$ 624,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 4,255

Style

Business

Lot Size

0.33

Year Built

1903

Town/City

Bayfield

County/Region

Bayfield

MLS | Web ID

6500644

Features
General
Sewer City Sewer/Connected City Sewer - In Street
Heating Forced Air
Cooling Window Unit(s)
Utilities Electric Common Heating Common Hot Water Common
Roof Asphalt
Appliances Dishwasher Disposal Dryer Exhaust Fan Freezer Gas Water Heater Microwave Range Refrigerator Washer Water Softener Owned
Garage Spaces 2
Construction Materials Aluminum Siding
Year Built 1903
Tenant Pays None
View Harbor Lake
Levels Two
Property SubType Business
Tax Year 2022
Current Use Bed & Breakfast
Gross Income 75000
Waterfront Features Lake View
Accessibility Wheelchair Ramp(s)
County Bayfield
Property Type Commercial Sale
Association Amenities Porch
Contingency None
Directions East side of Hwy 13 (S 6th St) driving through Bayfield.
City Bayfield
Buyer Agent Compensation 2.40
Body of Water Lake Superior
High School District Bayfield
Zoning Description Business/Commercial Residential-Single Family
Total Units 4
Waterfront Y/N N
Street Name 6th
Land Lease Y/N N
Tax Annual Amount 4255
Electric Expense 750
Fuel Expense 1541
Water Sewer Expense 2882
Additional Parcels Y/N N
Days on Market 7
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement Block Finished Insulating Concrete Forms Owner Access Concrete Walkout
Basement (Y/N) Y
Street Suffix Street
Foundation Dimensions 23x54
Fuel Electric Natural Gas Solar
Garage Dimensions 20x20
Garage Door Width 8
Garage Square Feet 400
Lake Acres 20795117
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Exterior
Parking Features Attached Garage Concrete Gravel Tuckunder Garage
Lot Features Tree Coverage - Medium Underground Utilities
Water Source City Water/Connected City Water - In Street
Inclusions Building Business Assets Business Fixture/Equipment Inventory Land Rental License
Lot Size Area 0.33
Building Area Total 3745
Lot Dimensions 119x120
Lot Size Units Acres
Foundation Area 1242
Road Frontage Type City Street County Road
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 120
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* Excluded Features
List By
Re/Max Professionals

Broker

tonyk@professionals.net

Email

Affordability Calculator

$4,720
Per Month
92%
8%
0%
Monthly Principal & Interest
$4,365
Monthly Property Taxes
$355
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3850360 Elementary School
3850361 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/8/2024$624,900 Listed Price

Map


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120th S 6th Street, Bayfield, WI, 54814 is a Commercial Property for sale at $624,900 with 3,745 sqft and a lot size of 0.33. 120th S 6th Street is a studio with 0.0 baths and was built in 1903. The property's zip code is 54814 which is in Bayfield, WI