VacationLandProperty.com - Listing Details

5256 HWY 51
Northwoods MLS Listing Number: 219896
$897,000.00
   
Exceptional turn-key investment and lifestyle opportunity in the heart of Manitowish Waters. Seller financing available for qualified Buyers! This completely renovated 3,200+ sq. ft. community business zoned triplex combines modern luxury, flexible use, and exceptional Northwoods recreation. The property features three beautifully updated units with brand-new high-end furnishings, private exterior entrances, and secure interior connections - allowing the building to operate as three separate rentals or one expansive residential compound with sleeping 10+ comfortably. A centrally located common laundry room supports convenient living or efficient rental turnover, while a private gated entrance adds security and privacy. The property is ideally situated near snowmobile trails, biking paths, and a local boat landing providing access to the renowned Manitowish Chain of Lakes for boating, fishing, and watersports. Adding significant versatility is close to an acre behind the building with its own independent access from Townline Road. The additional acreage offers space and potential for outbuildings, detached garages, boat/RV storage, or future development. Community Business zoning provides flexibility for a variety of potential uses, including residential, corporate or long-term rentals, short-term vacation rentals, boutique hospitality, professional office space, or a live/work configuration. Ideal for an investor, hospitality entrepreneur, owner-occupant, or multi-generational family seeking a unique Northwoods property with income and expansion potential. Offered at $897,000, with flexible owner-financing options available to qualified buyers. Great location on USH 51 and WI DOT shows 4,600 vehicles pass per day! A rare combination of luxury, versatility, recreation, and investment potential in one of Wisconsin’s premier year-round destinations.

Address: 5256 HWY 51
Township: VI Manitowish Waters (Town)
County: Vilas
Zip Code: 54545
Property Type: Single Family Det
Style: 1 Story
Construction: Frame/Stick
Acres: 1.2
Lot SqFt: 50530
Year Built:
Taxes: 2250
Lake: LAKE/RIVER: NONE
Lake Chain:
Lake Acres:
Shoreline: ft
Water Frontage: 0 ft
Sewer: Conventional
Water: Drilled Well
Zoning: Other
Access Road: US Hwy, Driveway - Black Top
Complex/ Subdivision:
Elementary School: VI North Lakeland
Middle School: VI North Lakeland
High School: ON Lakeland Union
Bedrooms: 3
Bathrooms: 5
Interior SqFt: [EstSqFt (Interior)]
Fuel: Natural Gas
SqFt 1st Floor: 3253
SqFt 2nd Floor: 0
SqFt 3rd Floor: 0
Foundation: Concrete Block
SqFt Basement: 0
SqFt Finished Basement: 0
Total Fireplaces: 2
Number Stoves: 0
Flooring: Wood, Ceramic, Slate, LVP - Vinyl Plank
WaterHeater: Natural Gas
Attic:
SqFt Garage: 0
Exterior Finish: Cedar, Log/Siding
Roofing: Composition Shingles
Road Frontage: ft
Parking Spaces:
Utilities/ Services: Circuit Breakers
Interior Features:
1st Floor Primary BR, 1st Floor Laundry
Fireplace/ StoveTypes:
Electric
Appliances/ Chattels:
Refrigerator, Microwave, Washer, Furnishings-Negotiable, Dishwasher, Oven/Range-Electric
Basement Type:
Crawl Space, Bilco Entry
Exterior Features:
Open/Sun Deck, Covered Deck, Landscaped
Garage:
None
Site Influence:
Level, Wooded Area, Shopping Nearby, Ski Hill Nearby, Driveway
Additional Photos
Listing information provided by the Greater Northwoods MLS.
Property listed with: REDMAN REALTY GROUP, LLC




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Neil Pluister
8583 Hwy 51
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