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David Eliason

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

$ 897,000

Est. payment -/mo

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5256 HWY 51 Manitowish Waters, WI 54545

3 Beds

5 Baths

3,253 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 3,253 sqft

Price per Sqft $275

MLS Listing ID 219897

Bedrooms 3

Full Baths 3

Half Baths 2

HOA Y/N No

Annual Tax Amount $2,250

Tax Year 2025

Lot Size 1.160 Acres

Acres 1.1600091

Property Sub-Type Hotel/Motel

Property Description

Exceptional turn-key investment and lifestyle opportunity in the heart of Manitowish Waters. Seller financing available for qualified Buyers! This completely renovated 3,200+ sq. ft. community business zoned triplex combines modern luxury, flexible use, and exceptional Northwoods recreation. The property features three beautifully updated units with brand-new high-end furnishings, private exterior entrances, and secure interior connections - allowing the building to operate as three separate rentals or one expansive residential compound with sleeping 10+ comfortably. A centrally located common laundry room supports convenient living or efficient rental turnover, while a private gated entrance adds security and privacy. The property is ideally situated near snowmobile trails, biking paths, and a local boat landing providing access to the renowned Manitowish Chain of Lakes for boating, fishing, and watersports. Adding significant versatility is close to an acre behind the building with its own independent access from Townline Road. The additional acreage offers space and potential for outbuildings, detached garages, boat/RV storage, or future development. Community Business zoning provides flexibility for a variety of potential uses, including residential, corporate or long-term rentals, short-term vacation rentals, boutique hospitality, professional office space, or a live/work configuration. Ideal for an investor, hospitality entrepreneur, owner-occupant, or multi-generational family seeking a unique Northwoods property with income and expansion potential. Offered at $897,000, with flexible owner-financing options available to qualified buyers. Great location on USH 51 and WI DOT shows 4,600 vehicles pass per day! A rare combination of luxury, versatility, recreation, and investment potential in one of Wisconsin's premier year-round destinations.

Location

State WI

County Vilas

Direction From Manitowish Waters, go South on HWY 51 for about 5 miles. Property is on your left, across from the Howling Dog Saloon.

Rooms

Other Rooms Living Quarters

Interior

Heating Forced Air, Hot Water, Natural Gas

Cooling Central Air

Flooring Luxury Vinyl Plank, Tile, Wood

Inclusions Real Estate Only, Furniture

Fireplace No

Exterior

Exterior Feature Other, Landscaping

Parking Features Paved, Private, Driveway

Water Access Desc Drilled Well

Roof Type Composition,Shingle

Road Frontage Highway

Building

Lot Description Level, Wooded

Story 1

Sewer Conventional Sewer

Water Drilled Well

Additional Building Living Quarters

Others

Tax ID 16-1247-08

Ownership None

Listed by REDMAN REALTY GROUP, LLC

NEARBY SCHOOLS & PROPERTIES

David Eliason

Broker Associate

+1(715) 493-9141

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