Property for sale- 317 PARK AVE E, Minocqua, WI 54548 MLS#205501

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David Eliason

david@eliasonrealty.com +1(715) 493-9141

$ 5,200,000

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317 PARK AVE E Minocqua, WI 54548

17 Beds

14 Baths

8,511 SqFt

UPDATED:

06/24/2024 07:23 PM

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 8,511 sqft

Price per Sqft $610

MLS Listing ID 205501

Bedrooms 17

Full Baths 14

HOA Y/N No

Year Built 1906

Annual Tax Amount $14,253

Tax Year 2023

Lot Size 1.040 Acres

Acres 1.0399908

Lot Dimensions 266x199

Body of Water MINOCQUA

Property Description

Unique commercial investment in downtown Minocqua! Schlecht?s Resort has been family owned & operated for 3 generations. Offering a historic home with timeless elegance shown in its grand entrance, stained glass and well-preserved wood details, it takes you back in time while offering modern comfort. Surrounding this piece of history are 4 inviting waterfront cottages, 6 well-appointed kitchenette units, duplex & 2 permanent piers for all watercraft. All situated on 343? sand frontage, with southern exposure on well sought after LAKE MINOCQUA. Walking distance to shopping, dining & nightlife, the location can not be beat. With a rich history & rental track record, this resort is an ideal investment for those seeking opportunity. Alternatively, the potential for redevelopment opens doors to creating what a new owner envisions in this scenic location. Favorable zoning will allow for continuation as a commercial endeavor, resort, condominiums, marina...all will be possible here.

Location

State WI

County Oneida

Community Sidewalks

Direction Downtown Minocqua Hwy 51 South, LEFT onto Park Ave East. Schlecht's Cottages & Resort on the RIGHT. Zoning requirements to be verified by potential buyer.

Body of Water MINOCQUA

Rooms

Other Rooms Living Quarters, Outbuilding

Interior

Heating Baseboard, Electric, Forced Air, Natural Gas, Other

Cooling Central Air, Wall/Window Unit(s)

Flooring Carpet, Laminate, Vinyl, Wood

Inclusions Real Estate and Business, Furniture

Fireplace No

Exterior

Exterior Feature Landscaping

Parking Features Private, Unpaved, Driveway

Community Features Sidewalks

Utilities Available High Speed Internet Connected

Waterfront Description Shoreline - Sand,Lake Front

View Y/N Yes

Water Access Desc Public

View Water

Roof Type Composition,Shingle

Street Surface Paved

Road Frontage Town Road

Building

Lot Description Lake Front, Sloped, Views

Story 3

Sewer Public Sewer

Water Public

Additional Building Living Quarters, Outbuilding

Others

Tax ID MI-3415 & MI-3414

Listed by REDMAN REALTY GROUP, LLC

David Eliason

Broker Associate

+1(715) 493-9141

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