Seize a once in a lifetime opportunity to own prime commercial real estate in downtown Ephraim, consisting of a 1.45-acre parcel that occupies nearly 30% of one of the three downtown blocks. The property currently features an eighteen-room lodge with well-maintained rooms and suites. It also offers the potential for new development or repurposing. Situated in Ephraim's historic district, the parcel has access from two village streets and offers an elevated location on Moravia Street, providing partial water views of Eagle Harbor. This offering includes a turn-key business with an office, a gathering room, accessory kitchen and private living quarters for a manager. There is a three bedroom private residence in addition to the lodge.