Property Type Business/Commercial
 Parcel # 0703-0600
 County Iron
 Sub Area Y01
 Municipality Knight
 MLS# 1969962
 Listing Date 01/23/2024

MLS Public Remarks  Bear Chasers Lodge Bar & Grill is now looking for a new Northwoods Owner. Located on Island Lake in Iron County Hurley Wisconsin with approx. 150' of SAND Frontage with a GENTLE SLOPE & zoned RR-1. Built in 2011 and comes complete with a very large private parking lot with a gas pump, 2 lower guest units with a view of the lake & a spacious commercial kitchen with a wood fired pizza oven and a large walkin cooler. The bar is U shaped, with lots of storage & the dining area is cathedral ceiling with a total seating capacity of 55. BONUS::::DIRECT ACCESS to the ATV/Snowmobile Trail, over 200 miles & your smack dab in the middle of Iron County, so its a perfect location! It has destinations galore in every direction. Better yet, this is priced below the SELLERS APPRAISAL!
Documents and Related Links  
1) Maps
2) Blue Print
3) Addendum 1.
4) Disclosure
LOCATION  
  • Location  Town
  • Other Marketing Area  
  • Mailing City  Hurley
  • C/T/V  Town
  • Unit #  
  • Directions  Us Hwy 51 N, Turn Left S. Island Lake Rd, Go 10 Miles, Turn Left Island Lake Rd, Turn Left Gerry Rd (chippewa Fire Ln), Turn Right Island Lake Rd
  • BUILDING DESCRIPTION  
  • Real estate for sale  Yes
  • Business for sale  Yes
  • For lease only  No
  • Ann. Rent/SqFt  $0
  • Total Units/Bldg  3
  • Building Gross SqFt  3,254
  • Net Leasable SqFt  0
  • Year Built  2011
  • Source for Year Built  Slr
  • Approx Bldg Dimen  56x40
  • Street Frontage  150
  • Parking Fees/Mo.  $0
  • Onsite Parking  Yes
  • # of Stories  2
  • Ceiling Height Min  8
  • Ceiling Height Max  16
  • Number of Loading Docks  0

  • Zoning  Commercial
  • Est. Total Acres  2.06
  • Source Of Est Acres  PubR
  • Lot Dimensions  175x510
  • Owner  
  • Tradename  Bear Chasers Lodge
  • ASSESSMENT & TAXES  
  • Land Assessment  $67,500
  • Assessment Year  2023
  • Net Taxes  $2,917
  • Tax Year  2023
  • Improvements  $185,300
  • Total Assessment  $252,800
  • ANNUAL INCOME/EXPENSES  
  • Income/Expenses Year  $0
  • Gross Operating Income  $0
  • Annual Operating Exp  $0
  • Net Operating Income  $0
  • UNIT INFORMATION  
    Unit Lease Type Lease Exp. Date Renewal Option Base Annual Rent Annual Rent/SqFt Other Fees/SqFt Gross SqFt
    1 Suite 0 0 $0 $0 $0 560
    2 Suite 0 0 $0 $0 $0 460
    3 Bar & Gril 0 0 $0 $0 $0 2,205
    Items Included Attached Addendum 1.
    Items Excluded  Sellers Personal Property
    INTERIOR FEATURES  
  • Heating/Cooling  Central air, Forced air
  • Water/Waste  Non-Municipal/Prvt dispos, Well
  • Basement  Block foundation, Full, Partial, Poured concrete foundatn, Walkout/Outside entrance
  • Fuel  Liquid propane
  • Seating Capacity  51-75 persons
  • EXTERIOR FEATURES  
  • Type   Motel/Hotel/Bed & Brkfst, Recreation, Restaurant/Supper Club, Tavern
  • Exterior Treatment  Wood
  • Building Parking  21-35 spaces, Gravel, Onsite
  • Roofing  Composition
  • Terms/Option  
  • Miscellaneous  Fuel tanks present, Internet - Satellite/Dish, Waterfront
  • OTHER FEATURES  
  • Documents on File  Blue prints, Fixtures & equipment, Inventory list, Property Condition Report
  • Location  Near Major Highway, Residential area
  • Tenant Pays  N/A
  • Present Use  Motel/Hotel/Bed & Brkfst, Recreation, Restaurant/Supper Club, Tavern
  • Licenses  Beer, Food, Liquor, Tobacco, Wine
  • Lease Type  Other
  • Occupied by  Owner
  • Sale Includes  Business name, Equipment, Furniture, Inventory, Signs
  • Features  Display window, Inside storage, Private Restrooms, Private office(s), Public rest rooms, Recreation facilities, Residential unit(s), Security lighting



  • Above Information Deemed Reliable, But Not Guaranteed

    Listing Courtesy of Rusty'S Real Estate Llc