751 Bell St
751 Bell Street in La Pointe, Wisconsin, is a mixed-use property offered at $1,290,000. The 12,152 SF building on 0.98 acres combines four fully renovated upper-level rental units generating year-round short-term rental income with a 6,000 SF main-level commercial space formerly occupied by the Bell Street Tavern Event Center. The tavern features a custom bar, floor-to-ceiling Lake Superior stone fireplace, two dining areas, a performance stage, and a fully equipped commercial kitchen.
Located on Madeline Island within walking distance of popular attractions in a premier tourist destination, the property is well-positioned for multiple uses. The main level offers exceptional flexibility for restaurant, event, hospitality, or other commercial concepts, while the upper units provide stable rental income. The asset suits owner-occupancy with existing cash flow, or repositioning by an investor seeking a high-potential commercial asset in a growing island community. Built in 1992 across two stories on a C-1 zoned parcel with 10 parking spaces, the property presents significant redevelopment upside.
- Four fully renovated upper-level rental units with year-round short-term rental income
- 6,000 SF main-level commercial space with built-in bar, fireplace, stage, and commercial kitchen
- Walking distance to island attractions in a premier tourist destination
- Owner-occupancy opportunity with existing rental income streams
- 0.98-acre C-1 zoned parcel with 10 parking spaces
More property details
Location
An outstanding investment opportunity in the heart of Madeline Island, this versatile mixed-use property offers multiple income streams and significant redevelopment potential. The upper level features four fully renovated rental units that generate profitable year-round income through short-term rentals. The main level is home to the former Bell Street Tavern Event Center, a long-standing community landmark, showcasing a custom-built bar, a striking floor-to-ceiling Lake Superior stone fireplace, two spacious dining areas, a performance stage, and a fully equipped commercial kitchen. Spanning approximately 6,000 square feet, the space offers exceptional flexibility for a variety of commercial uses or could be reimagined to suit a new business concept. The property also presents an ideal owner-occupancy opportunity while benefiting from existing rental income. Situated within walking distance of popular attractions in one of the region's premier tourist destinations, this property is well-positioned for investors seeking a high-potential commercial asset in a growing island community.