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For Sale
$325,000

68290 Main Street Iron River, WI 54847

11,040 sqft · $29/sqft · 0.37 acres

MLS# 1596501

About 68290 Main Street

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 3,500 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 32×56 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

Lot Dimensions
125 x 130 x
Possession
Close Of Escrow, Subject To Tenant Rights
Zoning
Commercial
Heating
Baseboard, Forced Air, Radiant
Cooling
Central Air, Wall Units
Water
Public
Sewer
Public Sewer
Foundation
Block, Poured
Construction
Metal Siding, Stone, Vinyl Siding
Interior Features
Furnished, Storage
Flooring
Carpet
School District
Maple
County
Bayfield
Township
Town of Iron River
Directions
In Iron River, the property is located on the corner of US Hwy 2 and Main St.
Parcel Number
20442
Original List Price
$350,000
Legal Description
ORIGINAL PLAT OF IRON RIVER LOTS 13-17 BLOCK 4 IN DOC 2021R-590003 908, 909, 910
Listing Brokerage
Woodland Developments & Realty

Price & Listing History

  • Oct 2025 · Listed
    $350,000
  • Currently active · 214 days on market
    Now $325,000

Prior price and listing information from sources believed to be reliable, but no guarantees of accuracy and data has not been confirmed. Please confirm with county official documents.

Flood Zone

Not in a Special Flood Hazard Area · FEMA Zone X
AREA OF MINIMAL FLOOD HAZARD
Federally-backed mortgages do not require flood insurance for properties in this zone.

Source: FEMA National Flood Hazard Layer. Flood maps are updated periodically (typically every 5–10 years per area) and may not reflect current ground conditions or recent improvements. For mortgage purposes, your lender may obtain an official Flood Determination from a licensed firm. Always verify before making decisions.

Location

  • Hospital

Iron River Area Schools

Maple School District

School assignments are sourced from public data and may change. Confirm directly with the district before relying on assignment.

Iron River Property Taxes

Annual tax
$5,831.00 (2025)
Parcel #
20442
County
Bayfield

Legal: ORIGINAL PLAT OF IRON RIVER LOTS 13-17 BLOCK 4 IN DOC 2021R-590003 908, 909, 910

Mortgage Calculator

Estimated monthly $0
Principal & interest
$0
Property tax (est.)
$0
Home insurance (est.)
$0

Estimate only. Insurance assumed at 0.4% of home price annually; property tax from MLS data when available, otherwise 1.5%. Not a loan offer — confirm with your lender.

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6753 S County Road P
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6753 S County Road P, Lake Nebagamon
100 sqft

This website is a service of 1 Reason Realty, a broker participant of the Northwestern Wisconsin MLS. 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 not guaranteed.