About This Home
This 3-bedroom, 1-bathroom single family at 3160 NINE MILE RD in Eagle River, WI is listed for $465,000. on a 2.58 acres lot.
Key Features
- 2.58 acre lot
Property Details
Amenities
Rare opportunity offering multiple living spaces, rental income potential & exceptional garage/shop space on 2.58 spacious, wooded acres! This unique property includes a 3BR/1BA main home with attached 2-car garage, an impressive 48'x60' 2-story detached garage/shop, a separate 1BR/1BA cabin & a 2-story upper/lower duplex with 2BR/1BA in each unit.
Live in the main home while generating income from the additional units, create a private family compound with separate living spaces, or explore the potential of using the entire property as an investment. Enjoy a peaceful, private Northwoods setting surrounded by woods with plenty of room to spread out, yet remain conveniently close to Eagle River for shopping, dining, groceries, services & everyday necessities.
Access to the Eagle River Chain of Lakes is also nearby, along with abundant year-round recreation. The main home features new vinyl flooring, new stove & refrigerator, metal roof, full walkout unfinished basement & new furnace/central A/C in 2023. The cabin & each duplex unit are approx.
480 sq ft. Current rents are $775/mo for the cabin, $950/mo upper duplex & $850/mo lower duplex, with heat & snowplowing included. The cabin has a new furnace plus new basement furnace in 2025. The substantial 2,880 sq ft detached garage/shop is partially heated, offering tremendous space for vehicles, boats, recreational toys, equipment, hobbies, storage or potential additional rental income.
Set along a paved town road, this hard-to-find property combines the space & privacy of wooded acreage with convenient access to town, nearby lakes & endless Northwoods recreation. Multiple residences, abundant garage/shop space & numerous possibilities make this an exceptionally versatile property!
Monthly Cost Estimate
$2,487/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3160 NINE MILE RD
Eagle River, WI 54521
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Outdoor Features
Parking
Heating
Cooling
Appliances
Questions & Answers
This 3-bedroom, 1-bathroom single family at 3160 NINE MILE RD is listed at $465,000. The estimated monthly payment is $2,487 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: 2.58 acre lot. Interior Features: MainLevelPrimary, PermanentAtticStairs. Exterior Features: Deck, OutBuildings, GravelDriveway.
This property is listed by RENEE & CHAD RASMUSSEN TEAM and can be reached at 7156143325.
