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84790 State Highway 13 S
Bayfield, WI 54814

$2,095,000 USD

Hotel For Sale  •  12,750 SF

Property Details

  • Property Type Hotel
  • Total Building Size 12,750 SF
  • Lot Size 10.03 AC
  • Building Class C
  • Year Built 2000
  • Cap Rate 10.00 %
  • Zoning RRB
0 Transit Score
10 Walk Score

Description

Bayfield, Wisconsin, is a picturesque waterfront community located along the southern shores of Lake Superior. Known as the "Gateway to the Apostle Islands," Bayfield is renowned for its charming small-town atmosphere, breathtaking natural beauty, and access to some of the Midwest's most treasured outdoor experiences. Surrounded by rolling hills, orchards, and pristine waters, Bayfield offers visitors and residents a peaceful escape from urban life.

The town serves as the starting point for exploring the Apostle Islands National Lakeshore, a stunning archipelago of 21 islands that feature sea caves, lighthouses, sandy beaches, and opportunities for kayaking, boating, and sailing. In the winter months, the famous Ice Caves become accessible to adventurous visitors when Lake Superior freezes over.

Bayfield is also known for its vibrant arts scene, historic downtown, and thriving local economy anchored by tourism, orchards, and ferry access to nearby Madeline Island. With a mild summer climate and snowy winters, Bayfield is a year-round destination for outdoor enthusiasts offering hiking, biking, fishing, cross-country skiing, and snowshoeing.

Surrounding Bayfield, the Chequamegon-Nicolet National Forest provides additional opportunities for wilderness exploration, birdwatching, and camping. Numerous local farms and orchards offer fresh produce, apple picking, and seasonal festivals that draw visitors from across the region.

Proximity to Larger Cities:

85 miles east of Duluth, MN
210 miles northeast of Minneapolis, MN
326 miles east of Fargo, ND
442 miles southeast of Thunder Bay, ON

Nearby airports include Duluth International Airport (85 miles) and Minneapolis–Saint Paul International Airport (210 miles).

Highlights

Turn-key resort with consistent revenue situated on ±10.03 acres just one mile from downtown Bayfield, Wisconsin, the gateway to the Apostle Islands
13 fully-furnished and beautifully maintained cottages with a mix of cozy and upscale floor plans featuring fireplaces, two-person tubs or Jacuzzi tub
10.00% Cap Rate. If the house is not required by a buyer, then it can reasonably be expected to be sold for upwards of $500,000, or it could be added
±2,622 SF owner's residence on-site, which is included in the sale. Could be added to rental pool, live in it, or sell for $500,000+.
Strong reputation as one of the top lodging options in the Bayfield area, offering easy access to Madeline Island, the Apostle Islands, and more
5+ wooded acres; there exists the potential to develop a minimum of one additional cabin, with a "lot" that is already ready to go

Property Flyers

Cap Rate: 10.00 %

Amenities

  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Fully-Equipped Kitchen
  • Multi-Room Suites

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 21
Type: Surface
Included in Rent: Yes
Ned Rupp 651-492-0563 SVN | Northco Real Estate
Ned Rupp 651-492-0563 SVN | Northco Real Estate