Well Maintained Resort with 38 Acres + Sand Frtg on Lake of the Falls
4720W Lake of the Falls Road, Mercer, WI  54547
Listing No:
601
Greater Northwoods MLS No.:
159705
Price:
$389,900
Bedrooms:
16
Baths:
9
Agent:
Micki Pierce-Holmstrom
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VIEW ALL OUR PROPERTIES AT: www.c21piercerealty.com

Beautifully maintained lucrative resort located on gorgeous Lake of the Falls. This prime property features 38.82 acres and 175 feet of dynamite western facing, level frontage! There are 5 very nice year round cabins, ranging from 2-4 bedrooms in size. Each cabin comes completely furnished and offers newer steel roofs and windows. These cabins have excellent occupancy bookings! The fantastic bar area features attractive T&G knotty pine interior, large windows, 10’ ceiling and includes coolers, neon signs, ice machine and all glassware and furnishings! Convenient commercial kitchen includes an easy work area complete with 3 prep tables, pizza ovens, stove, griddle, oven, deep fryer and more. Exceptional living quarters feature 3 bedrooms, 2 bathrooms, an office, a spacious living room and large separate kitchen. If all this isn’t enough, there’s also a 5 site campground, a 2 car detached garage, 3 piers, nice swimming area, and a new natural gas boiler which economically heats all 6 buildings! This is a great year round business! The snowmobile trail runs through the property and Lake of the Falls is a fantastic fishing and recreation lake! A fantastic opportunity offered an attractive price, truly a must see!
Room Name: Level: Size: Description:
BAR and LIVING QTRS.    Detailed floor plan available upon request 
CABIN #1  24' x 26'  2 Bedroom 
CABIN #2  26' x 32'  4 Bedroom - upstairs with 2 bedrooms 
CABIN #3  25' x 24'  2 Bedrooms 
CABIN #4  26' x 24'  2 Bedrooms 
CABIN #5  26' x 22'  2 Bedrooms 
GARAGE    2-car detatched 
2016 Taxes: $ 5,749.23

Legal Description: Pt Govt. Lot 7, Section 31, Township 43, Range 3 East Town of Mercer, Iron County, Wisconsin.

Notes: **Financials available to serious Buyers**

Extensive remodeling has been done on living quarters, bar and cabins, all completed within the last 13 years. 175’ of incredible level sand frontage, and includes private boat launch. Outdoor items included: 3 piers, 7 rowboats with oars, 2 paddleboats, 7 picnic tables, swing set, sandbox, 2 horseshoe pits with equipment, riding lawn mower, life jackets, flags, fencing, stakes for lake and deer feeder. The main lodge features a full bar and grill and includes: all bar glassware, 2 coolers, 12 bar stools, 2 window A/C units, 2 TV’s, 3 tables, & smoke eater. The commercial kitchen includes: deep fryer, flat top grill, refrigerated prep table, cooler, 2 freezers, dishwasher, microwave, 2 pizza ovens, coffee maker and shelving. The large utility room includes the washer, dryer and ice machine. The main lodge living quarters feature 1 bedroom, an office, full bath, large kitchen, lakeside living room and porch. The upstairs features 2 more bedrooms, full bath, large living room and separate entrance outside. All cabins are year-round and come completely furnished. Outbuildings include a 34’x40’ wood shed, a 2+ car detached garage, fish cleaning house complete with a freezer and a pump house. The current campground offers electricity and lots of room for expansion. Excellent location! Fantastic fishing and Recreation Lake, with the beautiful Turtle river flowing thru offering superb kayaking and canoeing opportunities to many additional lakes. The Snowmobile trail runs thru the property bringing guests to the front door. 20 acres of land is enrolled in the Forest Crop Management Closed Program, property was enrolled in 2004. Three conventional septic systems, new in 2004 and 2005. New outdoor boiler, fueled by Natural Gas.

Approximately 175' of frontage on LAKE OF THE FALLS! Lake of the Falls is 338 acres in size with a depth of 23 feet. Species of fish include muskie, walleye, northern pike, bass and panfish.

Driving Directions: From Mercer take Hwy 51 North to FF. Stay on FF until road takes a sharp curve to the left , at this point stay straight on Lake of the Falls Rd and continue to property.

"The information contained herein has been set forth by the seller and is believed to be complete and accurate. However this information is not the representation of CENTURY 21® Pierce Realty, LLC. This listing is subject to omissions, errors, prior sales or other changes without prior notice."


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Mercer and Manitowish Waters, Turtle Flambeau Flowage, Wisconsin Real Estate and
Lake Front Property offered by CENTURY 21 Pierce Realty.