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Woodside Cottages of Bayfield 84790 State Highway 13 S 13 Room Hotel Bayfield, WI 54814 $2,898,202 CAD ($222,939 CAD/Room) 10% Cap Rate
INVESTMENT HIGHLIGHTS
- Turn-key resort with consistent revenue situated on ±10.03 acres just one mile from downtown Bayfield, Wisconsin, the gateway to the Apostle Islands
- 10.00% Cap Rate. If the house is not required by a buyer, then it can reasonably be expected to be sold for upwards of $500,000, or it could be added
- Strong reputation as one of the top lodging options in the Bayfield area, offering easy access to Madeline Island, the Apostle Islands, and more
- 13 fully-furnished and beautifully maintained cottages with a mix of cozy and upscale floor plans featuring fireplaces, two-person tubs or Jacuzzi tub
- ±2,622 SF owner's residence on-site, which is included in the sale. Could be added to rental pool, live in it, or sell for $500,000+.
- 5+ wooded acres; there exists the potential to develop a minimum of one additional cabin, with a "lot" that is already ready to go
EXECUTIVE SUMMARY
In addition to its well-maintained cottages, the Property includes a pole barn for storage or future expansion potential, as well as a Pavilion complete with grills and picnic tables for guest use. Woodside Cottages has become one of the most sought-after lodging destinations in Bayfield, blending rustic charm with modern comfort and excellent proximity to local attractions.
PROPERTY FACTS
| Price | $2,898,202 CAD | Lot Size | 10.03 AC |
| Price Per Room | $222,939 CAD | Building Size | 12,750 SF |
| Sale Type | Investment | No. Rooms | 13 |
| Cap Rate | 10% | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built | 2000 |
| Property Type | Hospitality | Parking Ratio | 1.26/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | ||
| Zoning | RRB - RRB: residential recreational business. | ||
| Price | $2,898,202 CAD |
| Price Per Room | $222,939 CAD |
| Sale Type | Investment |
| Cap Rate | 10% |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 10.03 AC |
| Building Size | 12,750 SF |
| No. Rooms | 13 |
| No. Stories | 1 |
| Year Built | 2000 |
| Parking Ratio | 1.26/1,000 SF |
| Corridor | Exterior |
| Zoning | RRB - RRB: residential recreational business. |
AMENITIES
- High Speed Internet Access
- Patio
- Public Access Wifi
- Fully-Equipped Kitchen
- Multi-Room Suites
ABOUT 84790 STATE HIGHWAY 13 S , BAYFIELD, WI 54814
Bayfield, Wisconsin, is a picturesque waterfront community located along the southern shores of Lake Superior. Known as the "Gateway to the Apostle Islands," Bayfield is renowned for its charming small-town atmosphere, breathtaking natural beauty, and access to some of the Midwest's most treasured outdoor experiences. Surrounded by rolling hills, orchards, and pristine waters, Bayfield offers visitors and residents a peaceful escape from urban life. The town serves as the starting point for exploring the Apostle Islands National Lakeshore, a stunning archipelago of 21 islands that feature sea caves, lighthouses, sandy beaches, and opportunities for kayaking, boating, and sailing. In the winter months, the famous Ice Caves become accessible to adventurous visitors when Lake Superior freezes over. Bayfield is also known for its vibrant arts scene, historic downtown, and thriving local economy anchored by tourism, orchards, and ferry access to nearby Madeline Island. With a mild summer climate and snowy winters, Bayfield is a year-round destination for outdoor enthusiasts offering hiking, biking, fishing, cross-country skiing, and snowshoeing. Surrounding Bayfield, the Chequamegon-Nicolet National Forest provides additional opportunities for wilderness exploration, birdwatching, and camping. Numerous local farms and orchards offer fresh produce, apple picking, and seasonal festivals that draw visitors from across the region. Proximity to Larger Cities: 85 miles east of Duluth, MN 210 miles northeast of Minneapolis, MN 326 miles east of Fargo, ND 442 miles southeast of Thunder Bay, ON Nearby airports include Duluth International Airport (85 miles) and Minneapolis–Saint Paul International Airport (210 miles).
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 13 | $318.18 CAD | - |
PROPERTY TAXES
| Parcel Number | 04-006-2-50-04-23-2-01-000-32000 | Improvements Assessment | $790,578 CAD |
| Land Assessment | $144,326 CAD | Total Assessment | $934,904 CAD |
PROPERTY TAXES
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Woodside Cottages of Bayfield | 84790 State Highway 13 S
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