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Rare opportunity to own a versatile income-producing property with multiple rental units, residential living space & an impressive 2,880 sq ft garage/shop on 2.58 wooded acres near Eagle River! The property includes a 3BR/1BA main home with attached 2-car garage, separate 1BR/1BA cabin, 2-story duplex with 2BR/1BA units on each level & a substantial 48'x60' 2-story detached garage/shop. With three existing rental units in addition to the main home, this property offers an excellent opportunity for an investor or an owner-occupant looking to live on site while generating rental income from the remaining residences. Current rents are $775/mo for the cabin, $950/mo for the upper duplex & $850/mo for the lower duplex, with heat & snowplowing included. The cabin & each duplex unit are approx. 480 sq ft. The large detached garage/shop is partially heated & provides exceptional space for vehicles, boats, equipment, storage, hobbies or potential additional rental/income-producing use. The main home features new vinyl flooring, new stove & refrigerator, metal roof, full walkout unfinished basement & new furnace/central A/C in 2023. The cabin has a new furnace plus new basement furnace in 2025. Located along a paved town road with convenient access to Eagle River, area businesses, services & the Eagle River Chain of Lakes. Whether used primarily as an investment property or as a residence with supplemental rental income, this unique property offers multiple revenue streams, substantial garage/shop space & outstanding flexibility for future use.

Highlights

  • Commercial Sale
  • Multi Family
  • 46 days on Market

  • Bedrooms
    8
  • Bathrooms
    4
  • Construction Materials
    Wood Siding, Frame, Log, Log Siding
  • Flooring
    Vinyl, Carpet
  • Cooling
    Central Air
  • Heating
    Forced Air, Propane

  • Lot Features
    Wooded, Rolling Slope, Level, Secluded, Private
  • Water
    Other

  • County
    Vilas
  • City
    Eagle River
  • Zip Code
    54521

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Frequently Asked Questions

How do I schedule a tour of 3160 Nine Mile Rd?

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 3160 Nine Mile Rd.

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 3160 Nine Mile Rd?

Click Ask a Question to talk with our team. You already know it is a 8 bed, 4 bath, listed for $465,000. We can talk through recent upgrades, potential seller motivation, how this multi family compares to others in Eagle River, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 3160 Nine Mile Rd?

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 3160 Nine Mile Rd at around $2,800. 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 3160 Nine Mile Rd?

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 Vilas 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 3160 Nine Mile Rd?

In most cases, yes. Whether 3160 Nine Mile Rd is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Eagle River'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 3160 Nine Mile Rd?

We can handle that for you. Our preferred local agent specializes in commercial sales in Eagle River 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 $465,000 with 2,264 sqft of space—that comes out to approximately $205 per square foot.

How long has this property been on the market?

3160 Nine Mile Rd was listed on September 30, 2026, which means it's been on the market for 46 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 3160 Nine Mile Rd?

The most recent public record shows annual property taxes for 3160 Nine Mile Rd were approximately $1,843. 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 3160 Nine Mile Rd still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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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 15, 2026 at 10:45AM | Source: Greater Northwoods MLS | MLS#: 219855