11633 LAKEVIEW DR, Butternut, WI 54514
Ashland County
Key Facts
Description
Exceptional opportunity to own Bobber's On The Lake, a well-established Northwoods destination offering a rare combination of waterfront real estate, restaurant/tavern, resort lodging, and future growth potential. Situated on approximately 2.7 acres with 190'+/- of frontage on full recreational Butternut Lake, this property offers excellent visibility, ample parking, and direct access to one of Ashland County's premier recreational lakes. Known for outstanding Musky, Walleye, Bass, Northern Pike and Panfish fishing, Butternut Lake also attracts boaters, vacationers and outdoor enthusiasts throughout the year. The property is conveniently located on ATV and snowmobile routes, creating exceptional four-season traffic. Customers can arrive by boat or vehicle, dock at one of the multiple piers, enjoy waterfront dining on the lakeside patio, and extend their stay in one of the four on-site cabins. The sale includes the real estate and business, along with an extensive inventory of restaurant equipment, furnishings, fixtures, business assets, and all cabin contents for a seamless transition to new ownership. Recent improvements include a new ice machine (2026), pizza prep table, beverage cooler, walk-in cooler compressor, newer docks, and numerous additional equipment updates. Accommodations include four cabins consisting of a 3BR/1BA cabin, a 1BR plus loft/1BA cabin, and two studio cabins with lofts and bathrooms, creating excellent rental income potential. A storage shed and room for future expansion provide additional possibilities, subject to buyer verification. Whether you're looking to continue a successful hospitality business, expand an existing operation, or invest in a unique waterfront property with multiple income streams, this iconic Northwoods destination offers outstanding potential.
Property Information
Property Type
Commercial Sale
Sub-Type
Hotel/Motel
Stories
1
Living Area
2,470 sq ft
Lot Size
117,612 sq ft
Lot Dimensions
190x
MLS® Listing#
218101
Property Features
Exterior
Cooling
Heating
Flooring
Parking
Lot Features
Construction
Roof
Security
Other Structures
Utilities
Financial Details
Annual Taxes
$3,383
Tax year 2025
Parcel Number
006-00228-0200
Directions
From Park Falls, take Hwy 13 N toward Butternut. L onto CTH B (Lakeview Dr.). Continue on Lakeview Dr. to Bobber's On The Lake.
Affordability Calculator
$169,800
Estimated monthly payment
$4,519/mo
Principal $679,200 · Est. interest $947,544 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Butternut, WI
- $375,000
- Median Listing Price
- 23
- Median Days on Market
- 984
- Median Sq Ft
- $393
- Median Price / Sq Ft
- 15
- Active Listings
- This home’s price is 126% above the area median.
- Its price per sq ft is 13% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Butternut, WI.
Location
Points of Interest in Butternut, WI
Showing the Butternut area map.
Nearby Schools
Promethean Charter School
Secondary · 1.9 mi away
Butternut School District
Elementary · 1.9 mi away
Chequamegon High School
Secondary · 4.1 mi away
Chequamegon School District
School · 4.2 mi away
Park Falls Elementary School
Elementary · 4.2 mi away
St Anthony of Padua School
Secondary · 4.9 mi away
Glidden Elementary
Elementary · 10.3 mi away
Chequamegon Middle
Elementary · 10.3 mi away
School District of Phillips
Elementary · 21.1 mi away
Phillips High School
Secondary · 21.1 mi away
Phillips Middle School
Secondary · 21.1 mi away
Phillips Elementary School
Elementary · 21.4 mi away
Mellen Technology Charter School
School · 24.0 mi away
Mercer Public School
School · 24.8 mi away
Winter School
Secondary · 26.7 mi away
Zaasijiwan Head Start
School · 30.6 mi away
Prentice School District
Secondary · 32.6 mi away
Prentice Elementary
Elementary · 32.6 mi away
Flambeau Correctional Center
Secondary · 34.5 mi away
Hurley High School
Secondary · 35.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 88355 HWY F, BUTTERNUT, WI | $749,900 | — | — | — |
| 14215 TAMARACK LN, Butternut, WI | $799,000 | 3 | 3 | 2,218 |
Moving Cost Estimate
EXIT Agents in Butternut
Listing Courtesy: REDMAN REALTY GROUP, LLC - 7153580450