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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
Year Built 1903
Annual Tax Amount $4,255
Tax Year 2022
Lot Size 0.330 Acres
Property Sub-Type Business
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
Rooms
Family Room Community Room
Interior
Heating Forced Air
Cooling Window Unit(s)
Exterior
Parking Features Attached Garage, Concrete, Gravel, Tuckunder Garage
Garage Spaces 2.0
Utilities Available Electric Common, Heating Common, Hot Water Common
Waterfront Description Lake View
View Harbor, Lake
Roof Type Asphalt
Building
Lot Description Many Trees, Underground Utilities
Story Two
Foundation 1242
Sewer City Sewer/Connected, City Sewer - In Street
Water City Water/Connected, City Water - In Street
Structure Type Aluminum Siding
Schools
School District Bayfield
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