1002 State Highway 32 - Retail FOR SALE


Three Lakes, WI 54562
$575,000 USD
715-358-0450
1002 State Highway 32, Three Lakes, WI for Sale
$575,000 USD
Retail - FOR SALE
1/10
null | Request Cap Rate

1002 State Highway 32
Three Lakes, WI 54562


HIGHLIGHTS

  • Turn-key business opp.
  • Well-established business with year-round revenue stream.
  • Many recent improvements.

OVERVIEW

Northwoods Bar & Grill in Three Lakes, Wisconsin - Turnkey business opportunity in prime recreational tourism market! Own a piece of Northwoods history with 32 South Bar & Grill, a well-established and iconic business in a quaint, resort-driven community. Surrounded by forests and lakes, and located just off the Three Lakes/Eagle River Chain of Lakes and on historic memorial Highway 32, this well-known destination benefits from a reliable local following, steady tourist traffic, and a strong year-round revenue stream. The location offers exceptional recreational tourism access, within walking-distance to a campground, airport, golf course, resort, boat launch, and marina, plus direct access to snowmobile and ATV trails. The property features classic Northwoods character/rustic charm, along with several distinctive amenities, including an air-stream VIP Room, a heated and air-conditioned garage bar, an outdoor stage, and a fenced-in outdoor area suitable for concerts, private parties and gatherings. Current ownership has invested heavily back into the business, addressing building and equipment needs and making numerous improvements and upgrades. Recent improvements include: new freezers/refrigerators/coolers; upgraded parking lot, septic system, and electrical system; new fencing and gates; new bar flooring and subfloor, along with other investments designed to strengthen the operation and enhance customer experience. High-speed internet and natural gas add to the property's functionality. The business also features 5 gaming machines, an air hockey table, foosball table, pool table, 2 dart boards, 2 juke boxes, and additional games, all generating significant additional revenue. Healthy financial reports and a proven operating history provide an excellent foundation for a new owner to build upon. Don’t miss this unique opportunity to own a thriving turnkey Northwoods bar and grill in an established and recognizable destination market. Life is great North of 8!

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$323 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

32 South Bar and Grill

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bar, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

Business B-2

APN/PARCEL ID

TL 478 2

ASK ABOUT THIS PROPERTY

Matthew SolatkaRedman Realty Group LLCMore Info
715-358-0450

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Matthew SolatkaRedman Realty Group LLCMore Info
715-358-0450

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.