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$525,000  (list price)
$521,500
/mo Edit
Commercial:  Business Opportunity
Built 1900
0.65 acres
Solon Springs schools
MLS# 5644477
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    Property Description

    This is your opportunity to own a thriving business on Lake Saint Croix in Solon Springs! Nestled on the shore with approximately 325' of waterfront on one of the best lakes in Douglas County. The bar restaurant is located on the lake lot and has an apartment located above it that is perfect for an owner occupant or just additional income! Bar is located on the lower level with an awesome covered deck looking out on Lake Saint Croix. Bar features a large horseshoe bar, a clean and neat kitchen, two bathrooms, a large seating area for guests to relax. Lots of parking and potential across the road to develop into a campground or other uses giving the buyer ability to increase their income. Lake St Croix is an awesome lake with excellent fishing (Panfish, Largemouth Bass and Northern Pike) and large enough to support water sports. The apartment upstairs is currently rented and features 2+ bedrooms, 1 full bath.

    Listing

    Contingency: None
    City: Solon Springs
    County: Douglas
    State: WI
    Property Style: Business Opportunity
    Zip Code: 54873

    Interior

    Ranges: One
    Refrigerators: One
    Appliances Included:
    • Microwave
    • Range
    • Refrigerator
    Basement Details:
    • Block
    • Crawl Space

    Exterior

    Stories: Two
    Garage Spaces: 2
    Other Parking Spaces: 60
    Air Conditioning: Central Air
    Foundation Size: 1,350 ft2
    Foundation Dimensions: 45x30
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Detached
    • Gravel
    • No Int Access to Dwelling
    • Off Site
    Shared Amenities:
    • Beach
    • Dock
    Unit Amenities:
    • Balcony
    • Cable
    • Deck
    • Dock
    • Kitchen Window
    • Other
    • Panoramic View
    Road Frontage: County Road
    Exterior Material: Other
    Roof Details: Asphalt

    Lake & Waterfront

    Waterfront Present: Y
    Waterfront Name: St. Croix River
    Waterfront View: Lake
    DNR Lake ID#: 600091259
    WF Frontage: 325
    Elev Highpt to WF feet: 0-4
    Waterfront Slope: Gradual
    Lake Chain Name: N
    Lake Acres: 0
    Lake Depth: 0
    Waterfront:
    • Dock
    • Lake Front
    • Lake View
    • Shared
    Lake Bottom:
    • Gravel
    • Sand

    Lot & Land

    Acres: 0.65
    Geolocation: 46.38321995, -91.78503729
    Inclusions: Business
    Lot Dimensions: 325 x 250
    Zoning: Business/Commercial

    Schools

    School District: 5397
    District Phone: 715-378-2263

    Expenses

    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2021
    Annual Taxes: $4,739
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,739
    Land Lease Amount: 0

    Units

    Total Units: 2

    Miscellaneous

    Current Use:
    • Bar/Tavern
    • Residential
    • Restaurant
    Fuel System: Propane
    Sewer System:
    • City Sewer - In Street
    • City Sewer/Connected
    Available Utilities:
    • Electric Common
    • Heating Common
    Water System:
    • Drilled
    • Private

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.