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MLS # 1544412 - $695,000

20100 County Highway M - Cable, WI 54821

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Property Description

$695,000  |  MLS # 1544412  |  20100 County Highway M - Cable, WI 54821

LOOKING TO ESCAPE THE CITY? HERE’S AN EXCELLENT OPPORTUNITY FOR AN AMBITIOUS COUPLE TO EARN $100K+ WHILE LIVING THE NORTHWOODS LIFESTYLE! TWO BUSINESSES IN ONE, THIS EXQUISITE 7 ROOM GUEST LODGE AND AWARD-WINNING RESTAURANT OFFERS THE RESILIENCY NEEDED DURING THESE CHALLENGING TIMES. LODGING REVENUE HIT A 15 YEAR RECORD HIGH IN 2020, DESPITE THE PANDEMIC. AND EVEN WITH THE RESTAURANT SCALED BACK FOR MOST OF THE YEAR, NET OPERATING INCOME (NOI) FOR 2020 WAS ON PAR WITH THE MOST RECENT 5 YEAR AVERAGE. LODGING INCOME ALONE MORE THAN COVERS THE FIXED COSTS, WITH BOUNDLESS POSSIBILITIES FOR FURTHER DEVELOPING THE RESTAURANT AND OTHER REVENUE STREAMS. PLUS WHAT TRADITIONAL JOB ENABLES ONE TO TAKE A MONTH-LONG VACATION TWICE A YEAR? THERE'S NO OTHER RESORT/HOSPITALITY BUSINESS LIKE THIS CURRENTLY AVAILABLE IN NORTHERN WISCONSIN. AND IT COULDN'T BE REPLICATED FOR ANYTHING CLOSE TO THE PRICE IT CAN BE PURCHASED FOR TODAY. IDEALLY LOCATED ON 22 PRIVATE ACRES IN THE CHEQUAMEGON NATIONAL FOREST.

Property Details

$695,000  |  MLS # 1544412  |  20100 County Highway M - Cable, WI 54821

Zoning: Recreational, Residential
Acreage: 21.9600
Lot Size: 1050 x 825 x
Exterior: Wood
Basement: Full
Foundation: Block
Fuel Source: LP Gas
Heating: Forced Air, HotWater, Radiant, Zoned
Cooling: Central,Window
Sewer: PrivateSeptic,Septic Conveninstalled
Courtesy Listing: Lakeplace.com - Birchwood

Additional Details

Year Built: 1978
SqFt Above Grade: 3200
SqFt Below Grade: 2950
Taxes: $3,513
Tax Year: 2020

Approximate Location

$695,000  |  MLS # 1544412  |  20100 County Highway M - Cable, WI 54821

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$695,000  |  MLS # 1544412  |  20100 County Highway M - Cable, WI 54821

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Contact Bill Brakken - 715-580-0850

Re: $695,000  |  MLS # 1544412  |  20100 County Highway M - Cable, WI 54821

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  • Bill Brakken

    Listing Agent

    Birchwood Office

    715-580-0850

    bill@lakeplace.com

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