# 11633 LAKEVIEW DR, Butternut, WI 54514

> **TL;DR:** 0bd/2ba commercial, $849,000.
> Waterfront, View, A/C. Est. $4,541/mo. Listed 128 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $849,000 |
| Bathrooms | 2 half |
| Lot Size | 117,612 sqft (2.70 acres) |
| Stories | 1 |
| Property Type | Commercial (Other) |
| Status | Active Under Contract |
| Days on Market | 128 |

## Why This Home Stands Out

- **Waterfront** - Waterfront location listed
- **Views** - Water

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $4,293 |
| Estimated Insurance | $248 |
| **Total** | **$4,541** |

## Key Amenities

- Waterfront
- View
- A/C

## Property Highlights

- 2.70 acre lot
- Waterfront

## Description

### Agent Description
Exceptional opportunity to own Bobber's On The Lake, a well-established Northwoods destination offering a rare combination of waterfront real estate, restaurant/tavern, resort lodging, and future growth potential. Situated on approximately 2.7 acres with 190'+/- of frontage on full recreational Butternut Lake, this property offers excellent visibility, ample parking, and direct access to one of Ashland County's premier recreational lakes. Known for outstanding Musky, Walleye, Bass, Northern Pike and Panfish fishing, Butternut Lake also attracts boaters, vacationers and outdoor enthusiasts throughout the year. The property is conveniently located on ATV and snowmobile routes, creating exceptional four-season traffic. Customers can arrive by boat or vehicle, dock at one of the multiple piers, enjoy waterfront dining on the lakeside patio, and extend their stay in one of the four on-site cabins. The sale includes the real estate and business, along with an extensive inventory of restaurant equipment, furnishings, fixtures, business assets, and all cabin contents for a seamless transition to new ownership. Recent improvements include a new ice machine (2026), pizza prep table, beverage cooler, walk-in cooler compressor, newer docks, and numerous additional equipment updates. Accommodations include four cabins consisting of a 3BR/1BA cabin, a 1BR plus loft/1BA cabin, and two studio cabins with lofts and bathrooms, creating excellent rental income potential. A storage shed and room for future expansion provide additional possibilities, subject to buyer verification. Whether you're looking to continue a successful hospitality business, expand an existing operation, or invest in a unique waterfront property with multiple income streams, this iconic Northwoods destination offers outstanding potential.

## Location

- **Address:** 11633 LAKEVIEW DR, Butternut, WI 54514
- **County:** Ashland
- **Coordinates:** 45.99071541, -90.51287591
- **Google Maps:** https://www.google.com/maps?q=45.99071541,-90.51287591

## Listing Agent

- **Name:** RENEE & CHAD RASMUSSEN TEAM · **License:** 71524 - 94
- **Brokerage:** Redman Realty Group, LLC
- **Broker Phone:** (715) 358-0450

## Photos

![11633 LAKEVIEW DR - Photo 1](http://lh.rdcpix.com/980c622e2ed1b6206e400e3b49e4868fl-f1432246943r.jpg)

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---

**MLS#:** 218101 | **Updated:** 2026-10-25
**Source:** listhub

*Copyright © 2026 Greater Northwoods MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/11633-lakeview-dr-butternut-wi-54514-b39a948977ad4bfba5ce4022b7e817ca)

---

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```