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Listed by Jeremy Mavis • Woodland Developments & Realty
$ 350,000
Est. payment /mo
Active
68290 S Main ST Iron River, WI 54847
11,040 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 11,040 sqft
Price per Sqft $31
MLS Listing ID 1596501
HOA Y/N No
Abv Grd Liv Area 11,040
Annual Tax Amount $6,076
Tax Year 2024
Lot Size 0.370 Acres
Acres 0.37
Property Sub-Type Commercial
Property Description
A rare opportunity to own a versatile 11,040 sq ft commercial building in the heart of downtown Iron River, WI, ideally situated on the corner of US Hwy 2 and Main Street for maximum visibility and easy access. This property offers multiple income-producing possibilities with four distinct spaces under one roof. The main level features a 6-lane bowling alley spanning nearly 4,500 sq ft, providing a fun and timeless community attraction. Adjacent to it, a 3,500 sq ft bar area includes gaming tables, a stage for live entertainment, and plenty of seating, making it ideal for hosting events and gatherings. A separate 1,500+ sq ft restaurant area with a fully equipped commercial kitchen provides opportunities for food service expansion or a standalone dining concept. Upstairs, a spacious 1,500+ sq ft apartment offers 2 bedrooms, 1.5 baths, and an open living area, perfect for owner occupancy or rental income. Additional features include a 32x56 attached garage with three overhead doors, providing excellent storage, parking, or workspace options. All this sits on a 0.374-acre corner lot with city water and sewer, and natural gas service. Whether you're seeking an investment, an owner-operator opportunity, or a redevelopment site in a high-traffic corridor, this property delivers versatility, visibility, and value in a thriving Northwoods community.
Location
State WI
County Bayfield
Rooms
Basement Full
Interior
Interior Features Furnished, Storage
Heating Baseboard, Forced Air, Radiant
Cooling Central Air, Wall Unit(s)
Flooring Carpet
Equipment Compressor
Furnishings Furnished
Fireplace No
Exterior
Water Access Desc Public
Building
Foundation Block, Poured
Sewer Public Sewer
Water Public
Schools
School District Maple
Others
Tax ID 20442