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Executive Summary

Excellent investment opportunity, in the heart of Madeline Island. The upper level has 4 rental units that have all been tastefully renovated. Profitable short-term rentals that create year-round income. The Bell Street Tavern Event Center located on the main level was a staple in the community for many years. Beautiful custom-made bar sits across the room from a floor to ceiling Lake Superior stone fireplace, two large dining areas and a band/stage. Full commercial kitchen. This 6,000. Sq Ft area can be reimagined to have a multitude of other commercial opportunities. Owner occupy is also an option with this multi-income property. A very popular location within walking distance of area attractions. Madeline Island is a top tourist destination, and a growing community that’s looking for a commercial investor with a vision for the future.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
12,152 SF
Building Class
C
Year Built
1992
Price
$1,755,058 CAD
Price Per SF
$144.43 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.28
Lot Size
0.98 AC
Zoning
C-1
Parking
10 Spaces (0.82 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 6,076 SF
  • Restaurant
  • -
  • Now

*** Building is also available for Sale

Space Size Space Use Position Available
1st Floor 6,076 SF Restaurant - Now

1st Floor

Size
6,076 SF
Space Use
Restaurant
Position
-
Available
Now

1st Floor

Size 6,076 SF
Space Use Restaurant
Position -
Available Now

*** Building is also available for Sale

Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
014-00437-0201
Land Assessment
$47,869 CAD
Improvements Assessment
$1,073,902 CAD
Total Assessment
$1,121,771 CAD
  • Listing ID: 34998663

  • Date on Market: 2025-03-03

  • Last Updated:

  • Address: 751 Bell St, La Pointe, WI 54850

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