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For Sale:  Shell Lake MLS# 7154038

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Active NEW!
$219,500
/mo Edit
Commercial:  2 Stories
Built 1920
0.11 acres
Shell Lake schools
MLS# 7154038
763-576-8286
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    Property Description

    Turnkey Restaurant & Income-Producing Apartment in the Heart of Shell Lake! An excellent opportunity to own the well-established Shell Lake Lunchbox, a popular Main Street restaurant with a long history of success in the community! This turnkey business is ready for a new owner to step in and continue its legacy or bring their own vision to this versatile commercial space. The restaurant comes fully equipped, with everything included to make for a smooth transition, and the current owner is willing to stay on for a period of time to assist with the handoff. The property also features a spacious 2-bedroom apartment above the restaurant, offering the opportunity for additional rental income or convenient owner-occupied living. The apartment includes a kitchen, dining area, large living room, bathroom, laundry area, and two walk-in closets. Additional highlights include a full liquor license, walk-in cooler and freezer, well-maintained equipment, and numerous updates throughout, including roofing, flooring, select plumbing and electrical, lighting, booths, and restaurant equipment. Conveniently located on Main Street within walking distance of Shell Lake Beach, the campground, local businesses, and community amenities. Whether you envision continuing the restaurant tradition, creating a new dining concept, or exploring other business opportunities, this property offers plenty of possibilities.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $219,500
    Property Type: Commercial
    City: Shell Lake
    Garage Spaces: 0
    County: Washburn
    Year Built: 1920
    State: WI
    Property Style: 2 Stories
    Zip Code: 54871

    Interior

    Flooring: Luxury Vinyl Plank
    Appliances Included:
    • Dryer
    • Exhaust Fan
    • Microwave
    • Range
    • Refrigerator
    • Washer
    Basement Details: Partial

    Exterior

    Stories: Two
    Garage Spaces: 0
    Air Conditioning: Central Air
    Foundation Size: 1,394 ft2
    Fencing: None
    Handicap Accessible: No Stairs External
    Heating System: Forced Air
    Parking Features:
    • Gravel
    • On-Street Parking Only
    Exterior Material: Brick

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.11
    Geolocation: 45.742838, -91.925005
    Inclusions: Building, Business, Fixture/Equipment, Liquor License
    Lot Dimensions: 36 x 132
    Zoning: Business/Commercial

    Schools

    School District: 5306
    District Phone: 7154687816

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $1,677
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $1,677

    Units

    Total Units: 2

    Miscellaneous

    Current Use:
    • Residential
    • Restaurant
    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Available Utilities: Heating Separate
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Dane Arthur Real Estate Agency.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.