Real Estate Investment Properties for Sale in Shell Lake, WI

Looking for investment property in Shell Lake, WI with high ROI ?

Explore a variety of short-term homes & houses in Shell Lake, WI. Invest wisely with VRBO & Shell Lake, WI Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Shell Lake, WI

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
140 Reinhart Drive Shell Lake, WI Ready for one level living? This 1300 sq ft home offers 2 BR/2BA plus an office. Spaciou...	2 beds \| 2 baths \| 1,300 sq.ft.	$269,900	Airbnb cash on cash: 0.91% Traditional cash on cash: 5.69% Airbnb Rental Income: $1164 Traditional Rental Income: $1998 Airbnb ROI: 0.91% Traditional ROI: 5.69%
1011 Burgs Park Drive Shell Lake, WI Rare Lakefront Gem on Pristine Shell Lake Just two hours from the Twin Cities, this fully ...	3 beds \| 2 baths \| 1,284 sq.ft.	$850,000	Airbnb cash on cash: -0.79% Traditional cash on cash: 1.15% Airbnb Rental Income: $1202 Traditional Rental Income: $2347 Airbnb ROI: -0.79% Traditional ROI: 1.15%
214 8th Avenue Shell Lake, WI Charming 3-Bedroom Home in the Heart of Shell Lake! This well-maintained home offers 3 sp...	3 beds \| 2 baths \| 1,500 sq.ft.	$239,000	Airbnb cash on cash: 1.53% Traditional cash on cash: 8.31% Airbnb Rental Income: $1202 Traditional Rental Income: $2345 Airbnb ROI: 1.53% Traditional ROI: 8.31%
1339 S Lake Drive Shell Lake, WI This property offers a rare 200 feet of natural frontage on one of Wisconsin's premier cle...	1 beds \| 1 baths \| 892 sq.ft.	$789,900	Airbnb cash on cash: N/A Traditional cash on cash: -0.6% Airbnb Rental Income: $null Traditional Rental Income: $1468 Airbnb ROI: N/A Traditional ROI: -0.6%
403 2nd Street Shell Lake, WI Charming 2-Story Home with Distant Lake Views on Oversized Lot in Shell Lake, WI! Well-mai...	3 beds \| 1 baths \| 1,202 sq.ft.	$144,900	Airbnb cash on cash: 3.53% Traditional cash on cash: 11.17% Airbnb Rental Income: $1202 Traditional Rental Income: $1873 Airbnb ROI: 3.53% Traditional ROI: 11.17%
4003 N Spur Rd Shell Lake, WI Quiet spot located between Spooner and Shell Lake just waiting for your brilliant ideas. H...	3 beds \| 1 baths \| 1,376 sq.ft.	$192,000	Airbnb cash on cash: 2.23% Traditional cash on cash: 8.36% Airbnb Rental Income: $1202 Traditional Rental Income: $1931 Airbnb ROI: 2.23% Traditional ROI: 8.36%
N2273 Little Long Lake Road Shell Lake, WI Located on 40 acres of picturesque countryside, this open, free-flowing 5-BR, 3.5-BA home ...	5 beds \| 4 baths \| 7,340 sq.ft.	$1,099,500	Airbnb cash on cash: N/A Traditional cash on cash: 1.79% Airbnb Rental Income: $null Traditional Rental Income: $3676 Airbnb ROI: N/A Traditional ROI: 1.79%
N4433 Forest Creek Drive Shell Lake, WI Welcome to your private retreat! Nestled on over 6 acres in the desirable Spooner School D...	4 beds \| 3 baths \| 3,725 sq.ft.	$499,900	Airbnb cash on cash: 4.05% Traditional cash on cash: 4.21% Airbnb Rental Income: $3682 Traditional Rental Income: $2952 Airbnb ROI: 4.05% Traditional ROI: 4.21%
103 3rd Street Shell Lake, WI Established 5-bedroom home in town, Shell Lake. This home has plenty of space for a larger...	5 beds \| 2 baths \| 1,543 sq.ft.	$155,000	Airbnb cash on cash: N/A Traditional cash on cash: 7.12% Airbnb Rental Income: $null Traditional Rental Income: $1547 Airbnb ROI: N/A Traditional ROI: 7.12%
101 7th Avenue Shell Lake, WI Check out this essentially NEW 4-BR, 2.5-BA home in Shell Lake! A brand-NEW 26x32 two-leve...	4 beds \| 3 baths \| 1,652 sq.ft.	$309,900	Airbnb cash on cash: 8.16% Traditional cash on cash: 6.86% Airbnb Rental Income: $3682 Traditional Rental Income: $2500 Airbnb ROI: 8.16% Traditional ROI: 6.86%
N2991 Sunset Dr Shell Lake, WI	1 beds \| 1 baths \| 900 sq.ft.	$242,500	Airbnb cash on cash: N/A Traditional cash on cash: 0.54% Airbnb Rental Income: $null Traditional Rental Income: $863 Airbnb ROI: N/A Traditional ROI: 0.54%

Real Estate investment in Shell-lake, WI

There are 15 properties for sale in the city of Shell Lake . The median list price in Shell Lake is $249,900 and the average price per square foot is $105. In January 2026, the average monthly cash on cash return in Shell Lake is 7.00%. The average monthly rental income in Shell Lake is $1,633.

Shell-lake, WI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 15 investment properties available for sale in Shell-lake.

In 2026, the best neighborhood to buy investment property is Shell Lake.

The ROI for Long-Term is higher than the Short-Term in Shell-lake with average rental income of $1,633.

Your search for investment property begins and ends here

Investment Property for Sale in Shell Lake, WI

140 Reinhart Drive

Shell Lake, WI

2 beds | 2 baths | 1,300 sq.ft.

$269,900

Airbnb cash on cash: 0.91%

Traditional cash on cash: 5.69%

Airbnb Rental Income: $1164

Traditional Rental Income: $1998

Airbnb ROI: 0.91%

Traditional ROI: 5.69%

1011 Burgs Park Drive

Shell Lake, WI

3 beds | 2 baths | 1,284 sq.ft.

$850,000

Airbnb cash on cash: -0.79%

Traditional cash on cash: 1.15%

Airbnb Rental Income: $1202

Traditional Rental Income: $2347

Airbnb ROI: -0.79%

Traditional ROI: 1.15%

214 8th Avenue

Shell Lake, WI

3 beds | 2 baths | 1,500 sq.ft.

$239,000

Airbnb cash on cash: 1.53%

Traditional cash on cash: 8.31%

Airbnb Rental Income: $1202

Traditional Rental Income: $2345

Airbnb ROI: 1.53%

Traditional ROI: 8.31%

1339 S Lake Drive

Shell Lake, WI

1 beds | 1 baths | 892 sq.ft.

$789,900

Airbnb cash on cash: N/A

Traditional cash on cash: -0.6%

Airbnb Rental Income: $null

Traditional Rental Income: $1468

Airbnb ROI: N/A

Traditional ROI: -0.6%

403 2nd Street

Shell Lake, WI

3 beds | 1 baths | 1,202 sq.ft.

$144,900

Airbnb cash on cash: 3.53%

Traditional cash on cash: 11.17%

Airbnb Rental Income: $1202

Traditional Rental Income: $1873

Airbnb ROI: 3.53%

Traditional ROI: 11.17%

4003 N Spur Rd

Shell Lake, WI

3 beds | 1 baths | 1,376 sq.ft.

$192,000

Airbnb cash on cash: 2.23%

Traditional cash on cash: 8.36%

Airbnb Rental Income: $1202

Traditional Rental Income: $1931

Airbnb ROI: 2.23%

Traditional ROI: 8.36%

N2273 Little Long Lake Road

Shell Lake, WI

5 beds | 4 baths | 7,340 sq.ft.

$1,099,500

Airbnb cash on cash: N/A

Traditional cash on cash: 1.79%

Airbnb Rental Income: $null

Traditional Rental Income: $3676

Airbnb ROI: N/A

Traditional ROI: 1.79%

N4433 Forest Creek Drive

Shell Lake, WI

4 beds | 3 baths | 3,725 sq.ft.

$499,900

Airbnb cash on cash: 4.05%

Traditional cash on cash: 4.21%

Airbnb Rental Income: $3682

Traditional Rental Income: $2952

Airbnb ROI: 4.05%