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$600,000

  • Sold
  • Closed
  • Commercial Residential Facility
  • 2,750 Sq. Ft.
  • 0.22 Acres
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Exceptional investment opportunity in the heart of Bayfield, Wisconsin - gateway to the Apostle Islands and a top Midwest vacation destination. This turnkey 5-unit vacation rental property in the heart of town is fully operational and well-maintained. The property includes a mix of studio, one-bedroom, and two-bedroom units designed for guest comfort and functionality. Strong repeat bookings and excellent online reviews support consistent income. Units can be rented individually or together, offering flexible income options. The location and setup appeal to both active and passive investors. Established systems are already in place, providing immediate revenue if desired. There's potential for growth through dynamic pricing, direct bookings, and seasonal promotions. Whether you're a seasoned investor or just starting out, this is a rare, proven opportunity. Don't miss your chance to own a high-performing short-term rental in a prime location.

Full Property Details for 23 S 1st St

General

  • Sold For: $600,000
  • Taxes: $6,829 (2024)
  • Status: Closed
  • Type: Commercial Residential Facility
  • Source: 1402
  • MLS ID: 6120718
  • Added to Site: 190 day(s) ago

Rooms

Other Rooms

  • Kitchen: Cookware/Utensils, Refrigerator

Additional Information

  • Other Features: Fire Alarm, Security Lighting, Smoke/Fire Alarm, Fire Escape

Parking

  • Parking Features: Detached Garage, Assigned, Off Street

Location

  • Area: R
  • County: Bayfield County
  • Driving Directions: From Rittenhouse Ave turn south on S First Street, property is on the right.

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Forced Air, Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: City

Structural Information

  • Construction: Frame/Wood
  • Exterior Const.: Wood
  • Basement: Yes
  • Basement Desc.: None
  • Roof: Asphalt
  • Ceiling Height: 8-10 Feet
  • Stories/Levels: 3
  • Square Feet: 2,750
  • Current Bldg. Use: Hotel/Motel

Lot Features

  • Lot Size (Acres): 0.22
  • Lot Dimensions: 120 x 80
  • Frontage: Curbs, Paved Road, Sidewalks, City Street
  • Zoning: Business/Commercial

Financial Considerations

  • Price Per Sq. Ft.: $218.18
  • Tax Amount: $6,829
  • Tax Year: 2024
  • Terms: Cash, Conventional
  • Owner Pays: Internet, Electricity, Lawn Care, Repairs, Trash Collection, Water, Sewer

Disclosures and Reports

  • Legal Description: CITY OF BAYFIELD LOTS 4 & 5 BLOCK 89 IN V.1054 P.905 1508
  • Inclusions: Building, Rental License
  • Disclosures/Reports: Disc./Condition Report
  • Property ID: 32007

Listed by Broad Street Brokers, LLC
Sold by Broad Street Brokers, LLC

Listing agent

— 23 S 1st St —

  • Broad Street Brokers, LLC

***

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 23 S 1st St

School District:Bayfield School District
NameGradesDistance
Bayfield High School
300 North 4th Street, Bayfield, WI 54814
9-120.4 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 23 S 1st St

Date
Details
Price
Change
Source
9/17/2025
Sold
$600,000
-4%
MLS
7/11/2025
Listed
$625,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Broad Street Brokers, LLC
Sold by Broad Street Brokers, LLC

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Price Reduced near 23 S 1st St

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2119 E 5th Ave, Ashland, WI 54806 - Photo 1 Price Reduced
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316 Main St W, Ashland, WI 54806 - Photo 1 Price Reduced
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Recent Sales near 23 S 1st St

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213 Rittenhouse Ave, Bayfield, WI 54814 - Photo 1 Sold
$540,000

213 Rittenhouse Ave  Bayfield, WI 54814

  • Commercial Service
  • Closed
  • 7,972
    Sq. Ft.
  • 0.26
    Acres
Listed and Sold by Windseeker Realty Team
129 N 1st St, Bayfield, WI 54814 - Photo 1 Sold
$565,000

129 N 1st St  Bayfield, WI 54814

  • Single Family
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  • 3
    Beds
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    Total Baths
  • 2,294
    Sq. Ft.
Listed by Broad Street Brokers, LLC
Sold by Blue Water Realty, LLC
12 S 4th St, Bayfield, WI 54814 - Photo 1 Sold
$550,000

12 S 4th St  Bayfield, WI 54814

  • Single Family
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Listed by Windseeker Realty Team
Sold by Broad Street Brokers, LLC
215 S 9th St, Bayfield, WI 54814 - Photo 1 Sold
$525,000

215 S 9th St  Bayfield, WI 54814

  • Single Family
  • Closed
  • 2
    Beds
  • 2
    Total Baths
  • 1,858
    Sq. Ft.
Listed by Windseeker Realty Team
Sold by Broad Street Brokers, LLC

23 S 1st St, Bayfield, WI 54814 (MLS# 6120718) is a Commercial Residential Facility property that was sold at $600,000 on September 17, 2025. Want to learn more about 23 S 1st St? Do you have questions about finding other Commercial Residential Facility real estate for sale in Bayfield? You can browse all Bayfield real estate or contact a Coldwell Banker agent to request more information.