68290 S Main Street, Iron River, WI 54847
sale
$325,000
|
Other
Courtesy Of Woodland Developments & Realty
A rare opportunity to own a versatile 11,040 sq ft commercial building in the heart of downtown Iron River, WI, ideally situated on the corner of US Hwy 2 and Main Street for maximum visibility and easy access. This property offers multiple income-producing possibilities with four distinct spaces under one roof. The main level features a 6-lane bowling alley spanning nearly 4,500 sq ft, providing a fun and timeless community attraction. Adjacent to it, a 3,500 sq ft bar area includes gaming tables, a stage for live entertainment, and plenty of seating, making it ideal for hosting events and gatherings. A separate 1,500+ sq ft restaurant area with a fully equipped commercial kitchen provides opportunities for food service expansion or a standalone dining concept. Upstairs, a spacious 1,500+ sq ft apartment offers 2 bedrooms, 1.5 baths, and an open living area, perfect for owner occupancy or rental income. Additional features include a 32x56 attached garage with three overhead doors, providing excellent storage, parking, or workspace options. All this sits on a 0.374-acre corner lot with city water and sewer, and natural gas service. Whether you're seeking an investment, an owner-operator opportunity, or a redevelopment site in a high-traffic corridor, this property delivers versatility, visibility, and value in a thriving Northwoods community.
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Property Features
- Cooling System: Central Air
- Cooling System: Wall Unit(s)
- Exterior Type: VinylSiding
- Exterior Type: Stone
- Exterior Type: MetalSiding
- Floor Covering: Carpet
- Heating System: Baseboard
- Heating System: Radiant
- Heating System: Forced Air
- Legal Description: ORIGINAL PLAT OF IRON RIVER LOTS 13-17 BLOCK 4 IN DOC 2021R-590003 908, 909, 910
- MLSID: 1596501
- Rooms: Basement
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