$580,000
$624,900
7.2%For more information regarding the value of a property, please contact us for a free consultation.
13,939 SqFt
SOLD DATE : 10/16/2024
Key Details
Sold Price $580,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 13,939 sqft
Price per Sqft $41
MLS Listing ID 6500644
Sold Date 10/16/24
Year Built 1903
Annual Tax Amount $4,255
Lot Size 0.320 Acres
Acres 0.32
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
Direction East side of Hwy 13 (S 6th St) driving through Bayfield.
Rooms
Basement Concrete Block, Finished (Livable), Insulating Concrete Forms, Owner Access, Poured Concrete, Walkout
Interior
Heating Forced Air
Cooling Window
Window Features Double Pane Windows,Drapes
Exterior
Parking Features Attached Garage, Driveway - Concrete, Gravel Lot, Tuckunder Garage
Garage Spaces 2.0
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Asphalt Shingles
Accessibility Wheelchair Ramp
Total Parking Spaces 2
Building
Lot Description Tree Coverage - Medium, Underground Utilities
Water City Water - In Street, City Water/Connected
Structure Type Block,Frame
Others
Senior Community No
Tax ID TBD
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