Rare opportunity offering multiple living spaces, rental income potential & exceptional garage/shop space on 2.58 spacious, wooded acres! This unique property includes a 3BR/1BA main home with attached 2-car garage, an impressive 48'x60' 2-story detached garage/shop, a separate 1BR/1BA cabin & a 2-story upper/lower duplex with 2BR/1BA in each unit. Live in the main home while generating income from the additional units, create a private family compound with separate living spaces, or explore the potential of using the entire property as an investment. Enjoy a peaceful, private Northwoods setting surrounded by woods with plenty of room to spread out, yet remain conveniently close to Eagle River for shopping, dining, groceries, services & everyday necessities. Access to the Eagle River Chain of Lakes is also nearby, along with abundant year-round recreation. The main home features new vinyl flooring, new stove & refrigerator, metal roof, full walkout unfinished basement & new furnace/central A/C in 2023. The cabin & each duplex unit are approx. 480 sq ft. Current rents are $775/mo for the cabin, $950/mo upper duplex & $850/mo lower duplex, with heat & snowplowing included. The cabin has a new furnace plus new basement furnace in 2025. The substantial 2,880 sq ft detached garage/shop is partially heated, offering tremendous space for vehicles, boats, recreational toys, equipment, hobbies, storage or potential additional rental income. Set along a paved town road, this hard-to-find property combines the space & privacy of wooded acreage with convenient access to town, nearby lakes & endless Northwoods recreation. Multiple residences, abundant garage/shop space & numerous possibilities make this an exceptionally versatile property!
