Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
5,768 sqft

$1,950,000

2542 8 1/4 Avenue, Chetek WI, 54728

Price per sqft$338.07
Built in1979
Property size5,768 sqft
Property typeCommercial

Overview

Active

Listed Sep 17, 2026

Updated 3 weeks ago

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.

Other Property Details

Taxes
$13,721
Tax Frequency
Annually
View
Yes
Furnished
Yes
Waterfront
Yes
MLS provider logo

Listed by Joshua Amys with Keller Williams Realty Diversified
Listing Contact: 715-514-4265 

The IDX display contains information sourced from the REALTOR® Association of Northwestern Wisconsin as of 9/19/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 REALTOR® Association of Northwestern Wisconsin all rights reserved.

Data last updated on 9/19/2026 at 3:57 AM UTC

Powered by Luxury Presence