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Phelps Hillside Restaurant & Residence 5751 Hillside Resort Trl 2,860 SF Retail Building Phelps, WI 54554 $720,000 ($251.75/SF)
Investment Highlights
- Destination Location on Lac Vieux Desert
- Attached 3-Bedroom Owner’s Residence
- Authentic Northwoods Lodge Aesthetic
Executive Summary
Phelps Hillside Restaurant & Residence is an established Northwoods dining destination located within Phelps Hillside Resort on Lac Vieux Desert. The offering combines a 2,860-square-foot restaurant facility with an attached three-bedroom, two-bath residence, creating a compelling live-work opportunity in a premier lake resort setting.
The restaurant accommodates approximately 200 guests and features multiple dining areas, full commercial kitchen, bar service, storage, restrooms, and basement beer cooler. The location benefits from boating, fishing, snowmobile and ATV trail traffic, and regional tourism from Wisconsin and Michigan.
The attached 1,400-square-foot residence enhances operational efficiency and reduces overhead, making this an ideal opportunity for an owner-operator seeking both income and Northwoods lifestyle.
The restaurant accommodates approximately 200 guests and features multiple dining areas, full commercial kitchen, bar service, storage, restrooms, and basement beer cooler. The location benefits from boating, fishing, snowmobile and ATV trail traffic, and regional tourism from Wisconsin and Michigan.
The attached 1,400-square-foot residence enhances operational efficiency and reduces overhead, making this an ideal opportunity for an owner-operator seeking both income and Northwoods lifestyle.
Taxes & Operating Expenses (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$3,807
|
$1.33
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$3,807
|
$1.33
|
Taxes & Operating Expenses (Actual - 2025)
| Taxes | |
|---|---|
| Annual | $3,807 |
| Annual Per SF | $1.33 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $3,807 |
| Annual Per SF | $1.33 |
Property Facts
Sale Type
Owner User
Property Type
Building Size
2,860 SF
Year Built/Renovated
1912/2022
Price
$720,000
Price Per SF
$251.75
Tenancy
Single
Building Height
1 Story
Building FAR
0.51
Lot Size
0.13 AC
Zoning
General Business
Parking
30 Spaces (10.49 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Waterfront
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Total Assessment | $344,200 | |
| Land Assessment | $102,800 | Annual Taxes | $3,807 ($1.33/SF) |
| Improvements Assessment | $241,400 | Tax Year | 2025 Payable 2026 |
Property Taxes
Parcel Numbers
Land Assessment
$102,800
Improvements Assessment
$241,400
Total Assessment
$344,200
Annual Taxes
$3,807 ($1.33/SF)
Tax Year
2025 Payable 2026
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Phelps Hillside Restaurant & Residence | 5751 Hillside Resort Trl
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