About This Home

This 0-bedroom, 0-bathroom commercial at 2542 8 1/4 Avenue in Chetek, WI is listed for $1,950,000 ($338 per sqft). Built in 1979, the home offers 5,768 sqft of living space on a 1.89 acres lot.

Key Features

  • Built in 1979
  • 1.90 acre lot
  • Waterfront

Property Details

1979

Amenities

WaterfrontViewA/C
Listing Description

Gilligan's presents an opportunity to acquire an iconic waterfront hospitality destination on the Chetek Chain of Lakes, bringing together five parcels and a diverse collection of real estate, business and recreational assets. At the heart of the operation is an established year-round restaurant and bar with a large, updated and well-equipped commercial kitchen, multiple indoor bar, dining and entertainment areas, and an upper seating loft.

Outside, the seasonal Tiki bar, expansive lakefront patio, abundant seating, stage and extensive dock system create an inviting setting for dining, live entertainment, special events and guests arriving by water. Scenic lake views and a variety of gathering spaces appeal to local patrons, seasonal residents and visitors alike.

Three guest accommodations extend the experience beyond the restaurant, including an adjacent four-season cabin and two waterfront lodging units offering convenient Northwoods stays and diversified revenue potential. A neighboring building, formerly operated as a store and now used for storage, adds valuable flexibility for continued storage, office use, renewed retail activity or future expansion, subject to applicable approvals.

Two additional parcels provide employee, guest and overflow parking in support of the business operations. This multifaceted offering combines an established business identity, substantial infrastructure and a beautiful waterfront setting. Carry forward a recognizable Chetek destination and shape its next chapter.

Monthly Cost Estimate

$10,429/mo

20% down · 6.5% · 30 years

Principal$1,410
Interest$8,450
Insurance$569

Estimates only. Actual payments may vary.

Location

2542 8 1/4 Avenue

Chetek, WI 54728

Features & Amenities

Interior Features

FurnishedHandicapAccess

Property Details

Flooring

Carpet

Construction

CementSiding WoodSiding

Views

Lake

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 2542 8 1/4 Avenue is listed at $1,950,000 ($338/sqft). The estimated monthly payment is $10,429 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1979, 1.90 acre lot, Waterfront. Interior Features: Furnished, HandicapAccess.

This property is listed by Joshua Amys.

JA

Joshua Amys

License 85884-94

Agent at Central WI Real Estate Holdings, LLC

Listed by Central WI Real Estate Holdings, LLC · Broker phone: (715) 514-4265 · Broker website

MLS# 1605022· Source: REALTORS® Association of Northwestern Wisconsin· 41 days on PropertySimple

Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2542 8 1/4 Avenue, Chetek, WI 54728

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