Iron River, WI 54847
MLS# 1596501 $350,000.00
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.
| Style | Commercial |
|---|---|
| Type | CommercialSale |
| Zoning | Commercial |
| School Dist | Maple |
| County | Bayfield |
| Lot Size | 125 x 130 x |
|---|---|
| Acreage | 0.37 acres |
| Above Grd | 11,040 sq ft |
| Below Grd | — |
| Tax $ / Year | $6,076 / 2024 |
Includes
N/A
Excludes
N/A
| Roads | CityStreet,Highway |
|---|
| Basement | Full |
|---|---|
| Cooling | CentralAir,WallUnits |
| Exterior Features | MetalSiding,Stone,VinylSiding |
| Heating | Baseboard,ForcedAir,Radiant |
| Sewer Service | PublicSewer |
| Water Service | Public |
| Interior Features | Furnished,Storage |
| Laundry | N |
Listing Agency
Woodland Developments & Realty
Directions
In Iron River, the property is located on the corner of US Hwy 2 and Main St.
