$325,000
68290 S Main St, Iron River, WI 54847
Description
A rare opportunity to own a versatile 11,040 sq ft commercial building in the heart of downtown Iron River, WI, ideally situated on the corner of US Hwy 2 and Main Street for maximum visibility and easy access. This property offers multiple income-producing possibilities with four distinct spaces under one roof. The main level features a 6-lane bowling alley spanning nearly 4,500 sq ft, providing a fun and timeless community attraction. Adjacent to it, a 3,480 sq ft bar area includes gaming tables, a stage for live entertainment, and plenty of seating, making it ideal for hosting events and gatherings. A separate 1,500+ sq ft restaurant area with a fully equipped commercial kitchen provides opportunities for food service expansion or a standalone dining concept. Upstairs, a spacious 1,500+ sq ft apartment offers 2 bedrooms, 1.5 baths, and an open living area, perfect for owner occupancy or rental income. Additional features include a 32x56 attached garage with three overhead doors, providing excellent storage, parking, or workspace options. All this sits on a 0.374-acre corner lot with city water and sewer, and natural gas service. Whether you?re seeking an investment, an owner-operator opportunity, or a redevelopment site in a high-traffic corridor, this property delivers versatility, visibility, and value in a thriving Northwoods community.
Property Details
Interior
- Total Sqft: 0
Exterior
- Range: 0.0 to .499
- Waterfront: N
Misc.
- N
- Code: 54847
- Direction Prefix: South
- Name: Main St
- Suffix: STREET
- 2024
- Pricing: N
Map
- In Iron River, the property is located on the corner of US Hwy 2 and Main St.
Monthly Payment Calculator
Schools and Neighborhood
- Iron River
- Name: IRON RIVER
- Type: Town
- BAYFIELD
Market Comparison
How this property compares to local market averages — calculated 4/17/2026
Listing Information
- Time on Market: 181 days
- Place Perfect Last Updated: 2026-04-16 12:45:11
- MLS Number: 6122518
- Subsystem Locale: WIREX_SAAR
- Listing Office: Woodland Developments & Realty
- Listing Agent: Jeremy Mavis
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