68290 S Main Street, Iron River, WI

$350,000

11,040

Square feet

0.37

Acres

About 68290 S Main Street

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 3,480 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.

Features of 68290 S Main Street

MLS® # 6122518
Price $350,000
Square Footage 11,040
Acres 0.37
Year Built 1946
Type Commercial
Sub-Type Restaurant/Bar
Status ACTIVE

Community Information

Address 68290 S Main Street
Area LSAR
City Iron River
County Bayfield
State WI
Zip Code 54847

Amenities

Amenities Bar Area, Kitchen Area, Private Resident Building, Restrooms, Storage, Stage
Parking Attached Garage, Driveway - Asphalt, Driveway - Gravel, On-Street Parking Only
Is Waterfront No

Interior

Interior Sheet Rock
Heating City Gas, Baseboard, Boiler, Forced Air
Cooling Central, Wall
# of Stories 2

Exterior

Exterior Cement Block, Metal, Stone, Vinyl
Roof Asphalt Shingles, Rubber
Construction Frame/Wood

School Information

District Maple (WI) #3297

Additional Information

Foreclosure No
Short Sale No
RE / Bank Owned No
Taxes $6,076
Tax Year 2024
HOA Fees $0

Listing Details

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