84790 State Highway 13 S - Hospitality FOR SALE


Bayfield, WI 54814
$2,240,000 USD
651-492-0563
84790 State Highway 13 S, Bayfield, WI for Sale
$2,240,000 USD
Hospitality - FOR SALE
1/18
null | 9.5% Cap Rate

84790 State Highway 13 S
Bayfield, WI 54814


HIGHLIGHTS

  • Turn-key resort with consistent revenue situated on ±10.03 acres just one mile from downtown Bayfield, Wisconsin, the gateway to the Apostle Islands
  • 13 fully-furnished and beautifully maintained cottages with a mix of cozy and upscale floor plans featuring fireplaces, two-person tubs or Jacuzzi tub
  • ±2,622 SF owner's residence on-site, which is included in the sale. The home contains four bedrooms and three bathrooms (2 full, 1 half bath)
  • Strong reputation as one of the top lodging options in the Bayfield area, offering easy access to Madeline Island, the Apostle Islands, and more
  • 5+ wooded acres; there exists the potential to develop a minimum of one additional cabin, with a "lot" that is already ready to go

OVERVIEW

SVN | Northco is pleased to present, as exclusive advisor to ownership, the Woodside Cottages of Bayfield ("Property"), a charming resort destination located just one mile from downtown Bayfield, Wisconsin. Situated on ±10.03 acres, the Property includes 13 fully-furnished and beautifully appointed cottages as well as a 2,622 SF owner's residence with four bedrooms and three bathrooms (2 full and 1 half bath), offering a peaceful and scenic retreat for visitors to the Bayfield area, Lake Superior, Madeline Island, and the Apostle Islands. Woodside Cottages offers a range of seven unique floor plans, from simple comfort to upscale luxury, featuring cozy fireplaces, kitchens, romantic two-person tubs and Jacuzzi tubs, decks, air conditioning, and WiFi. Each unit has been designed to provide guests with a private, relaxing atmosphere—a true “home away from home” while they explore the natural beauty and recreational opportunities of the region. In addition to its well-maintained cottages, the Property includes a pole barn for storage or future expansion potential, as well as a Pavilion complete with grills and picnic tables for guest use. Woodside Cottages has become one of the most sought-after lodging destinations in Bayfield, blending rustic charm with modern comfort and excellent proximity to local attractions.

FOR SALE DETAILS

PRICE

$2,240,000 USD

PRICE/SF

$135 USD /SF

# OF ROOMS

13

PRICE/ROOM

$172,308 {currency}

CAP RATE

9.5%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Woodside Cottages of Bayfield

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

2000

PARKING SPACES

21

LAND DETAILS

LAND ACRES

10.03 AC

LAND SF

436,907 SF

ZONING

RRB

APN/PARCEL ID

04-006-2-50-04-23-2 01-000-31000,04-006-2-50-04-23-2 01-000-32000

ASK ABOUT THIS PROPERTY

Ned RuppSVN | Northco Real EstateMore Info
651-492-0563

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Ned RuppSVN | Northco Real EstateMore Info
651-492-0563

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