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Active
$850,000
/mo   Edit
Commercial:  Resort
Built 1913
12 acres
MLS# 5722106
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    Description:   Poskin Lake Resort has been a family owned resort since 1920. This property consists of a bar & restaurant, 4 older single wide trailer rentals, 1 cabin rental, 13 seasonal campsite rentals w/sewer, electric & water. Several over night camping sites as well. There is a 5 bedroom, 2 bathroom older 2-story home as well, where the seller lives. There is a bathroom & shower house for the campers, along with a fish cleaning shack. The property has approx 12 acres w/1090' of shoreline on Poskin Lake & several hundred feet of frontage on the Vermillion River & a private boat launch. 28'x40' garage and a 30'x36 pole-shed.
    List Price: $850,000
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Property Style: Resort
    Year Built: 1913
    City: Clinton Twp
    County: Barron
    State: WI
    Zip Code: 54805

    Interior

    Building Fin Sq Ft: 2,396 sqft
    Appliances Included: Cooktop, Dishwasher, Dryer, Exhaust Fan, Freezer, Fuel Tank - Owned, Fuel Tank - Rented, Indoor Grill, Microwave, Range, Refrigerator, Washer
    Total Ranges: Six or More
    Total Refrigerators: Six or More
    Basement Details: Full, Unfinished

    Exterior

    Air Conditioning: Central Air
    Heating System: Forced Air
    Foundation Size: 1,248 sqft
    Shared Amenities: Deck
    Unit Amenities: Deck
    Road Frontage: Township
    Handicap Accessible: Wheelchair Ramp(s)
    Exterior Material: Wood Siding, Metal Siding, Vinyl Siding
    Garage Spaces: 4
    Other Parking Spaces: 0
    Roof Details: Asphalt

    Lake/Waterfront

    Lake/Waterfront: Lake Front
    Lake/Waterfront Name: Poskin Lake
    DNR Lake ID#: 600081937
    WF Frontage: 1090
    Elev Highpt to WF feet: 0-4
    Waterfront Slope: Level, Gradual
    Lake Acres: 154
    Lake Depth: 30
    Lake Bottom: Gravel, Hard, Sand

    Lot

    Acres: 12
    Lot Description: Tree Coverage - Medium, Accessible Shoreline
    Latitude: 45.42870804
    Longitude: -91.96678016
    Lot Size Dim.: 1090x540x1090x540
    Zoning: Business/Commercial

    Schools

    School District: W308
    District Phone: 715-537-5612

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $10,376
    Annual Fuel Expense: $3,801
    Annual Insurance Expense: $8,500
    Annual Maintenance Expense: None
    Annual Gross Expense: $120,000
    Annual Trash Expense: $1,065
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $11,621
    Assessment Pending: No
    Taxes w/ Assessments: $11,621

    Income

    Annual Gross Income: $130,000

    Rent

    Annual Net Income: $10,000

    Unit

    Total Units: 1

    Miscellaneous

    Current Use: Food Service, Restaurant, Residential, Recreational
    Fuel System: Propane
    Owner Occupied: Yes
    Sewer System: Tank with Drainage Field
    Available Utilities: Heating Separate, Electric Separate, Hot Water Separate
    Water System: Shared System, Drilled, Well

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    Listing provided by RMLS, courtesy of Lakeplace.com Brothers Realty.
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