23926 4Th AveSiren, WI 54872

This exceptional investment opportunity presents a 14-unit operational retirement home situated on a picturesque 4.08-acre lakeside lot in Siren, Wisconsin. The property boasts a prime location offering residents a tranquil and private setting. Currently configured with fourteen operational units, each featuring either one and a half or three-quarter bathrooms, kitchenettes, living areas, and sleeping quarters. Shared amenities include a spacious lobby, a fully equipped commercial kitchen, a full-service cafeteria, a dedicated sanctuary, laundry facilities, and several office spaces. The property also includes separate bathrooms in the main wings. An additional eighteen units are available for renovation, presenting a significant expansion opportunity for a new owner. The existing structure is well-suited for continued operation as a retirement home, with potential for expansion into assisted living or healthcare services. The expansive grounds provide ample space for residents to enjoy the serene lakeside environment. Conveniently located garages are situated at the rear of the facility. This property offers a unique blend of existing income and significant development potential, making it an attractive investment for discerning buyers. The asking price is $5,700,000.