11113 Alterra Way, Arbor Vitae, WI 54568
- $1,299,900
- 6
- BD
- 4
- BA
- List Price
- $1,299,900
- MLS#
- 219857
- Status
- ACTIVE
- County
- Vilas
- City
- Arbor Vitae
- Bedrooms
- 6
- Bathrooms
- 4
- Subtype Additional Info
- Single Family Residence
Property Description
Rare opportunity with 13.26 upland acres zoned All Purpose-Commercial in Arbor Vitae with approximately 1,000' of frontage on US Hwy 51! Conveniently located between Minocqua/Woodruff and Manitowish Waters/Boulder Junction, this versatile property offers exceptional highway exposure, easy access and a mix of mature woods and open fields. Three existing residences provide immediate income potential, including a newer year-round 3BR/2BA and a 2BR/1BA home currently operating as successful short-term rentals with strong reviews. An additional 1BR/1BA home is rented month-to-month and features a full unfinished basement. . Flexible zoning opens the door to numerous residential and commercial possibilities, including multi-family development,, storage, build-to-suit opportunities or continued rental use. Current owner has preliminary survey for 8 residential lots. Direct snowmobile trail access adds another Up North advantage. A unique investment and development opportunity in a highly visible Northwoods location!
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Additional Information
- Days on Market
- 1
- Style
- One Story, Two Story
- Stories
- 1
- Interior Features
- Ceiling Fan(s), Cathedral Ceiling(s), High Ceilings, Main Level Primary, Vaulted Ceiling(s)
- Cooling
- Central Air
- Heating
- Forced Air, Natural Gas
- Exterior Features
- Patio, Gravel Driveway
- Roof
- Composition, Metal, Shingle
- Elementary School
- ON Arbor Vitae-Woodruff
- High School
- ON Lakeland Union
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Listing courtesy of REDMAN REALTY GROUP, LLC.