Description
Seller Financing Available. Excellent investment opportunity in the heart of downtown Lake Tomahawk with multiple income streams already in place. Ideally situated on busy Hwy 47, this mixed-use property features two leased retail storefronts occupied by established businesses, plus a fully leased 3-bedroom, 2-bath residential apartment, creating immediate rental income from all three units. The commercial portion offers over 2,500 square feet, complete with a half bath and laundry area with washer and dryer. The spacious residential apartment encompasses more than 1,100 square feet and features generous closet space, making it an attractive long-term rental for quality tenants. Located within walking distance of restaurants, the ballpark, playground, and the Lake Tomahawk boat landing, the property also sits near popular snowmobile, ATV/UTV, biking, and recreational trails, adding to its year-round appeal and supporting strong demand for both commercial and residential occupancy. Real estate only. The retail businesses are independently owned, operate under current leases, and are not included in the sale. Whether you're expanding your investment portfolio or seeking a turnkey mixed-use property with established tenants and immediate cash flow, this is a rare opportunity in one of the Northwoods' most desirable communities. An additional lot off Lilly Road may be negotiable.
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3BEDS
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0.2ACRES
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2BATHS
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11/2 BATHS
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3,729SQFT
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$120$/SQFT
School Ratings & Info
Description
Seller Financing Available. Excellent investment opportunity in the heart of downtown Lake Tomahawk with multiple income streams already in place. Ideally situated on busy Hwy 47, this mixed-use property features two leased retail storefronts occupied by established businesses, plus a fully leased 3-bedroom, 2-bath residential apartment, creating immediate rental income from all three units. The commercial portion offers over 2,500 square feet, complete with a half bath and laundry area with washer and dryer. The spacious residential apartment encompasses more than 1,100 square feet and features generous closet space, making it an attractive long-term rental for quality tenants. Located within walking distance of restaurants, the ballpark, playground, and the Lake Tomahawk boat landing, the property also sits near popular snowmobile, ATV/UTV, biking, and recreational trails, adding to its year-round appeal and supporting strong demand for both commercial and residential occupancy. Real estate only. The retail businesses are independently owned, operate under current leases, and are not included in the sale. Whether you're expanding your investment portfolio or seeking a turnkey mixed-use property with established tenants and immediate cash flow, this is a rare opportunity in one of the Northwoods' most desirable communities. An additional lot off Lilly Road may be negotiable.
© 2026 Northwoods Association of REALTORS® & Greater Northwoods MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Dream North Real Estate, eXp Realty, LLC. Data last updated: 2026-09-13T09:07:25.45.