Balsam Lake Lodge & Restaurant

264 Cty Rd I Balsam Lake, WI 54810

264 Cty Rd I, Balsam Lake, WI, 54810
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FOR SALE
Property Type:
Resort
Amount:
$3,495,000
Last Verified:
Oct 31, 2024

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Highlights

  • Established bar & restaurant with ample outdoor seating
  • 10 luxurious suites, built in 2021 with a selection of room types
  • Located on the shore of one of Wisconsin’s most pristine and well-known lakes, Balsam Lake
  • Amenities include boat rentals, multiple boat slips, on-site dining, banquet facilities, and more
  • Development potential exists for new lodging units and/or amenities

Description

SVN | Northco is pleased to present the sale of Balsam Lake Lodge & Restaurant, an established bar & restaurant with boutique lakeside lodging on beautiful Balsam Lake in northwestern Wisconsin ("Property"). The Property offers 10 luxurious suites including a variety of room types, and there is a well-known bar & restaurant with spacious outdoor patio seating on the main floor. The facilities on the Property are well suited for any number of events from corporate retreats to holiday parties and weddings. The Property is nestled on the shore of one of Wisconsin’s most pristine lakes and offers boat rentals and multiple boat slips.

The Property is located in Balsam Lake, WI on the shore of one of Wisconsin’s most pristine lakes, Balsam Lake. The lake is ±1,901 acres and is located in Polk County with a maximum depth of 37 feet. Balsam Lake is a year-round vacation destination in the Northern part of Wisconsin and is known for its golf, shopping, hunting, snowmobile trails, and great fishing for panfish (bluegill, sunfish, crappie, yellow perch, and bullhead), and sport fish such as largemouth bass, walleye, and northern pike. Balsam Lake is dotted with islands and bays and is a popular destination for outdoor enthusiasts that love fishing, skiing, boating and sailing. Other area activities include hiking trails, biking trails, horseback riding, snowmobile trails, cross-country skiing/snowshoeing trails, ATV trails, and more.

Distances from larger cities

Minneapolis / St. Paul Metro - 65 miles northeast of Minneapolis / St. Paul
Duluth, MN - 106 miles south of Duluth
Fargo, ND - 286 miles east of Fargo
Milwaukee, WI - 329 miles northwest of Milwaukee
Chicago, IL - 400 miles northwest of Chicago

Local airports include Eau Claire (85 miles) and Rhinelander (160 miles). Nearby International airports include Duluth International Airport (106 miles) and Minneapolis-Saint Paul International Airport, Minneapolis (65 miles).


Year Built: 2004
Building Size: 13000sq ft
Lot Size: 3.17 acres


Documents

Sale Brochure - Balsam Lake Loge & Restaurant

Map of 264 Cty Rd I, Balsam Lake, WI, 54810

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.