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- LoopNet Team
7169 Rainbow Lake Rd
Lake Tomahawk, WI 54539
Rainbow Shores · Land For Sale · 11.40 AC
Investment Highlights
- Rare private property on the Rainbow Flowage, much is undeveloped government-owned land
- Development opportunities
- Level grounds and sand swimming shoreline
PROPERTY FACTS
Description
This is an incredibly beautiful property on the Rainbow Flowage. The property features 2,769 feet of sandy and south facing lake frontage on a point, including private acreage across the bay, plus 3 lots with frontage on a pond across Rainbow Lake Rd. Lots of possibilities here! It has been in the family for over 50 years and run as a mobile home park with restaurant and tavern. There are 28 total sites and the tavern is currently leased also. The living quarters are currently set up as a duplex. The upper level has 3 bdrms/2 baths, living room, and kitchen, and the lower level has a huge bedroom suite,2 full bathrooms, living room, eat in kitchen, and laundry room. All with lake views. Many updates such as newer windows, siding, furnaces, etc. There is a private boat launch and it's right near the snowmobile and ATV/UTV trails too. Boating and fishing the flowage makes you really appreciate what nature has given us!
PROPERTY TAXES
| Parcel Number | 02001-1183-0000 | Improvements Assessment | $164,987 |
| Land Assessment | $359,852 | Total Assessment | $524,838 |
PROPERTY TAXES
