8355 Highway 2 - Restaurant FOR SALE


Iron River, WI 54847
$595,000 USD
218-340-0400
8355 Highway 2, Iron River, WI for Sale
$595,000 USD
Restaurant - FOR SALE
1/15
null | Request Cap Rate

8355 Highway 2
Iron River, WI 54847


HIGHLIGHTS

  • Expansive 6.28-acre property featuring cabins, campsites, and recreational amenities.
  • Nine studio cabins and six campsites with electrical and sewer connections.
  • Farm-to-table restaurant and bar with an event room for group and community gatherings.
  • 18-hole mini golf course to attract guests and enhance onsite experience.
  • Accessible location along Highway 2 near numerous lakes and public lands, just minutes from Duluth and Superior.

OVERVIEW

This unique hospitality and recreational property offers a compelling opportunity along Highway 2 in Iron River, WI. Positioned on 6.28 acres, this asset combines lodging, dining, and entertainment in a single destination, creating diverse income streams. The property features nine fully equipped studio cabins and six campsites, each supported by city sewer and electric hookups, ideal for accommodating seasonal and year-round visitors. Onsite amenities enhance its appeal from a guest perspective, with a farm-to-table restaurant and bar with an event room designed for group gatherings, private events, and community dining. Additional onsite attractions include an 18-hole mini golf course that provides an added recreation option for guests. For operations and storage, the property includes a functional two-car garage.

FOR SALE DETAILS

PRICE

$595,000 USD

PRICE/SF

$126 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Rustic Roost

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

5.37 AC

LAND SF

233,917 SF

ZONING

C1

APN/PARCEL ID

04-024-2-47-08-08-3-01-000-50000

ASK ABOUT THIS PROPERTY

Corrine HobbsEdina RealtyMore Info
218-340-0400

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Corrine HobbsEdina RealtyMore Info
218-340-0400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.