Rare Lake Mohawksin waterfront investment property for sale in Tomahawk, Wisconsin. Located in the heart of Tomahawk on a quiet Lake Mohawksin peninsula, 607 N. 4th Street offers nearly 300 feet of level lake frontage, panoramic water views, city utilities, and exceptional mixed-use potential. This unique Northwoods waterfront property includes three independent living spaces: a 2-bedroom main home, a separate 1-bedroom cottage, and a 1-bedroom cabin with sleeping loft and attached 2-car garage. Each dwelling features its own kitchen, bathroom, private entrance, and functional layout, creating 5 total bedrooms, 4 bathrooms, and strong flexibility for investors, owner-operators, or buyers seeking income-producing lakefront real estate. With its rare combination of multiple dwellings, level frontage, walkable downtown location, and direct access to Lake Mohawksin and the Wisconsin River system, this property is well positioned for short-term rental use, investment, boutique lodging, retreat lodging, staff housing, multi-generational living, or an owner-occupied waterfront rental setup, subject to buyer verification of zoning, licensing, and permitted uses. The level point setting offers excellent lake access, room for multiple docks, swimming frontage, spacious yard areas, wooded privacy, and water views from several angles. Lake Mohawksin is a popular Northwoods recreation destination known for boating, fishing, kayaking, wildlife, snowmobiling, ATV trails, and year-round outdoor recreation. Located minutes from restaurants, shops, groceries, downtown Tomahawk, trails, and everyday conveniences, this property combines waterfront lifestyle appeal with commercial visibility and investment flexibility. Two garages provide valuable storage for vehicles, boats, equipment, and recreational toys. Properties with this much Lake Mohawksin frontage, multiple independent units, city utilities, and income-producing potential rarely become available. Whether you a