Mixed use building and property on Mill Street in beautiful down town Bayfield. There are two apartments that have leases as of June 1, 2018. One lease is a two lease and the other is a one year lease. The two leases provide income of $1,300.00 per month and the tenants pay the electric and natural gas costs. Building is approx. 2,032 sq ft setting on approx. 0.198 acre. A large back yard that opens into the ally for an entrance that will allow for expansion of the building or a large garage/workshop. Open floor plan that has many possibilities. There are two apartments that are rented which will be good extra revenue and assist in paying a mortgage. There are many possibilities for this mixed use lot, retail, professional, commercial, apartment building, light assembly, etc. A buyer could build additional stories to the building and expand it into the open back yard space that could generate multiple income possibilities. There is a possible opportunity to build a several complex with an additional hundreds of square feet of revenue generating space.
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