Price Reduced Listing
68290 S Main Street,Iron River, WI 54847
Iron River, WI 54847
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.
Details
| MLS # | 1596501 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 313 |
| Listing Provided By | Woodland Developments & Realty | Jeremy Mavis |
Features
| SQ Feet | 11,040 |
|---|---|
| Basement | Y |
| Zoning | Commercial |
| Acreage | 0.37 |
Taxes
| Tax Annual Amount | 5831 |
|---|
Area Information
| State | WI |
|---|---|
| County | Bayfield |
| City | Iron River |
| Zip Code | 54847 |
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Learn More About This Property
| State | WI |
|---|---|
| County | Bayfield |
| City | Iron River |
| Zip Code | 54847 |