2542 8 1/4 Avenue, Chetek, WI 54728 (MLS# 7142378)

2542 8 1/4 Avenue, Chetek, WI 54728

$1,950,000
Property Type: Commercial Square Footage: 5,768 Lot Size (sq. ft.): 82,764 Status: Active
Current Price: $1,950,000 List Date: 9/17/2026 Last Modified: 9/17/2026

Overview

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 neigh ...

Listing Details MLS# 7142378

General Property Information

Lot Measurement
Acres
Multiple PIDs?
Yes
Other Parking Spaces
75
Owner Occupied
Yes
Road Btwn WF & Home?
No
Waterfront Frontage
154
Waterfront YN
Yes
Year Built
1979
Yearly/Seasonal
Yearly
Zoning
Shoreline, Residential-Single Family
Foundation Size
5768
For Sale or Lease
For Sale
Acres
1.9
Lot Dimensions
IRREGULAR
Assessment Pending
No

Property Features

Accessible: Doors 36"+; No Stairs Internal Air Conditioning: Central Air Basement: None CMU Style: Business Opportunity; Retail/Shopping Center Construction Status: Previously Owned Current Use: Hotel/Motel; Restaurant; Tavern/Lounge Exterior: Concrete; Wood Foundation: Poured Concrete Fuel: Natural Gas Heating: Forced Air On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Sewer: Holding Tank; Private Sewer Stories: One Water: Drilled; Well Waterfront Type: Lake Front Waterfront View: Lake

Contract Information

Contingency
None
ListPrice
1950000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
2542
Street Name
8 1/4
Street Suffix
Avenue
Postal City
Chetek
County
Barron
State
WI
Zip Code
54728

Additional Parcels Information

Property ID #2
012422030000
Property ID #3
012422036000,012422020000,012422041000

Assessments

Tax With Assessments
19720.8

More Information

Building Information

Building Finished SqFt
5768
Building SqFt
5768

Lake Details

Lake Acres
433
Lake Depth
19

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Sale Options

Sale Includes
Building, Business, Fixture/Equipment

Unit Details

Total Units
4

Documents

IDX
Listing Office: Keller Williams Realty Diversified
Last Updated: September - 17 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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