317 Park Ave E, Minocqua, WI 54548

$4,500,000
15
BD
12
BA

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List Price
$4,500,000
Price Change
▼ $450,000 1778281394
MLS#
215917
Status
ACTIVE UNDER CONTRACT
County
Oneida
City
Minocqua
Bedrooms
15
Bathrooms
12
Half-baths
1
Subtype Additional Info
Multi Family, Investment

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 & 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.

Additional Information

Days on Market
150
Year Built
1906
Lot Dimensions
266x199
Cooling
Central Air, Wall/Window Unit(s)
Heating
Baseboard, Electric, Forced Air, Natural Gas, Other
Exterior Features
Landscaping
Roof
Composition, Shingle

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Calculator source: Real Geeks

Listing courtesy of REDMAN REALTY GROUP, LLC.