Exceptional opportunity to own Bobber's On The Lake, a well-established Northwoods destination offering a rare combination of waterfront real estate, restaurant/tavern, resort lodging, and future growth potential. Situated on approximately 2.7 acres with 190'+/- of frontage on full recreational Butternut Lake, this property offers excellent visibility, ample parking, and direct access to one of Ashland County's premier recreational lakes. Known for outstanding Musky, Walleye, Bass, Northern Pike and Panfish fishing, Butternut Lake also attracts boaters, vacationers and outdoor enthusiasts throughout the year. The property is conveniently located on ATV and snowmobile routes, creating exceptional four-season traffic. Customers can arrive by boat or vehicle, dock at one of the multiple piers, enjoy waterfront dining on the lakeside patio, and extend their stay in one of the four on-site cabins. The sale includes the real estate and business, along with an extensive inventory of restaurant equipment, furnishings, fixtures, business assets, and all cabin contents for a seamless transition to new ownership. Recent improvements include a new ice machine (2026), pizza prep table, beverage cooler, walk-in cooler compressor, newer docks, and numerous additional equipment updates. Accommodations include four cabins consisting of a 3BR/1BA cabin, a 1BR plus loft/1BA cabin, and two studio cabins with lofts and bathrooms, creating excellent rental income potential. A storage shed and room for future expansion provide additional possibilities, subject to buyer verification. Whether you're looking to continue a successful hospitality business, expand an existing operation, or invest in a unique waterfront property with multiple income streams, this iconic Northwoods destination offers outstanding potential.
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Price History
06/25/2026
Listed
$849,000
Source: Greater Northwoods MLS #218101
Source: MLS Data
Deed History
04/03/2020
Warranty Deed
$100,000
Source: Public records via Constellation Data Labs
Mortgage History
07/12/2021
Commercial
$253,221
04/03/2020
Commercial
$200,000
06/09/2016
Unknown
$10,000
08/14/2009
Unknown
$25,000
Source: Public records via Constellation Data Labs
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Frequently Asked Questions
How do I schedule a tour of 11633 Lakeview Dr?
We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 11633 Lakeview Dr.
They know commercial sales in the area well and can give you the guidance you need to buy with confidence.
How do I get more information about 11633 Lakeview Dr?
Click Ask a Question to talk with our team. You already know it is a N/A bed, 1.0 bath, listed for $849,000. We can talk through recent upgrades, potential seller motivation, how this hotel/motel compares to others in Butternut, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 11633 Lakeview Dr?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 11633 Lakeview Dr at around $5,113. This includes estimated property taxes and insurance.
Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.
How do I get pre-approved to buy 11633 Lakeview Dr?
Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.
Or, let us connect you with our preferred local lender in Ashland County. They will give you all of your available financing options, based on your specific situation and what is available to you.
Can I negotiate the asking price for 11633 Lakeview Dr?
In most cases, yes. Whether 11633 Lakeview Dr is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Butternut's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
How do I make an offer on 11633 Lakeview Dr?
We can handle that for you. Our preferred local agent specializes in commercial sales in Butternut and can guide you through every step of the offer process.
You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.
What is the price per square foot for this home?
This home is listed at $849,000 with 2,470 sqft of space—that comes out to approximately $344 per square foot.
How long has this property been on the market?
11633 Lakeview Dr was listed on June 25, 2026, which means it's been on the market for 138 days.
Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.
What are the property taxes for 11633 Lakeview Dr?
The most recent public record shows annual property taxes for 11633 Lakeview Dr were approximately $3,383. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.
Is 11633 Lakeview Dr still available for sale?
This home is under contract, but may still accept backup offers. Click ♥ to track updates or connect with our local expert to see if it's still worth pursuing.
Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, Greater Northwoods MLS. All rights reserved.
Last Updated: November 10, 2026 at 10:23AM | Source: Greater Northwoods MLS | MLS#: 218101
