# 2974N HIAWATHA RD, Butternut, WI 54514

> **TL;DR:** 18bd/0ba commercial, $1,570,000.
> Waterfront, View. Est. $8,397/mo. Listed 158 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,570,000 |
| Bedrooms | 18 |
| Lot Size | 135,036 sqft (3.10 acres) |
| Property Type | Commercial (Other) |
| Status | Active Under Contract |
| Days on Market | 158 |

## 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%) | $7,939 |
| Estimated Insurance | $458 |
| **Total** | **$8,397** |

## Key Amenities

- Waterfront
- View

## Property Highlights

- 3.10 acre lot
- Waterfront

## Description

### Agent Description
Marvin & Connie have decided it's time to retire & are interviewing new owners for Donner's Bay Resort on beautiful Turtle Flambeau Flowage, the 7th largest lake in WI. The new owners must be hard-working, fun-loving & willing to carry on the 74-year tradition of a true Northwoods gem! This jewel has been meticulously well maintained, has a high occupancy rate & is a favorite stop for thousands! There are 6 attractive updated year-round rental cabins, a 3bd/2ba mobile home & beautiful owners home. 1500 sq ft bar & grill offers a dynamite lake view, new kitchen equipment, new furniture, FP & lg game room. Up-to-code gas pump, private boat launch, 8 new aluminum roll in piers, fantastic sand beach, fish cleaning house, bait shop, sand volleyball court, basketball, playground, 3 campsites, 3 garages, storage sheds & much more! If you're tired of the rat race & want to be your own boss, this turnkey, cash flowing, fully furnished treasured resort is for you. Sellers are willing to train!

## Location

- **Address:** 2974N HIAWATHA RD, Butternut, WI 54514
- **County:** Iron
- **Coordinates:** 46.08513815, -90.2564621
- **Google Maps:** https://www.google.com/maps?q=46.08513815,-90.2564621

## Listing Agent

- **Name:** MICKI PIERCE-HOLMSTROM · **License:** 51811 - 90
- **Brokerage:** Century 21 Pierce Realty, LLC
- **Broker Phone:** (715) 476-2111

## Photos

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---

**MLS#:** 217370 | **Updated:** 2026-10-24
**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/2974n-hiawatha-rd-butternut-wi-54514-75bb2ffb3fa641d29e9a5fd7ca7180d7)

---

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  "description": "Marvin & Connie have decided it's time to retire & are interviewing new owners for Donner's Bay Resort on beautiful Turtle Flambeau Flowage, the 7th largest lake in WI. The new owners must be hard-working, fun-loving & willing to carry on the 74-year tradition of a true Northwoods gem! This jewel has been meticulously well maintained, has a high occupancy rate & is a favorite stop for thousands! There are 6 attractive updated year-round rental cabins, a 3bd/2ba mobile home & beautiful owners home. 1500 sq ft bar & grill offers a dynamite lake view, new kitchen equipment, new furniture, FP & lg game room. Up-to-code gas pump, private boat launch, 8 new aluminum roll in piers, fantastic sand beach, fish cleaning house, bait shop, sand volleyball court, basketball, playground, 3 campsites, 3 garages, storage sheds & much more! If you're tired of the rat race & want to be your own boss, this turnkey, cash flowing, fully furnished treasured resort is for you. Sellers are willing to train!",
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