234 Walnut St - Restaurant FOR SALE


Spooner, WI 54801
$1,299,000 USD
612-889-8100
234 Walnut St, Spooner, WI for Sale
$1,299,000 USD
Restaurant - FOR SALE
1/17
null | Request Cap Rate

234 Walnut St
Spooner, WI 54801


HIGHLIGHTS

  • Turn-key restaurant & bar with real estate included
  • Prime Real Estate in a High-Traffic Tourism Hub
  • Approximately 300-seat capacity across dining, bar, and event areas

OVERVIEW

Turn-Key Restaurant & Bar with Real Estate in a Prime Northwoods Destination This offering presents a rare opportunity to acquire a fully operational, high-capacity restaurant and bar located in a revitalized historic downtown building in Spooner, Wisconsin. The property features a spacious dining room, large central bar, full commercial kitchen, multiple private event spaces, and outdoor patio seating—allowing a new owner to step in and operate immediately under a wide variety of food-and-beverage concepts. The business benefits from strong year-round local support, seasonal tourism traffic, and a flexible layout capable of supporting casual dining, upscale concepts, supper club formats, live entertainment, and private events. The real estate is included in the offering, providing long-term operational control and asset stability. While the facility has historically included on-site brewing operations, brewing is not required. Brewing equipment will be removed at closing unless a buyer elects to continue brewing, allowing the opportunity to function purely as a restaurant and bar without additional operational complexity. This opportunity is well-suited for experienced operators, first-time owners, or groups seeking a large-format restaurant with real estate ownership in a proven Northwoods market.

FOR SALE DETAILS

PRICE

$1,299,000 USD

PRICE/SF

$130 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Turn-Key Restaurant & Bar with Real Estate

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

G2-Commercial

APN/PARCEL ID

65-281-2-39-12-31-5 15-527-548500

ASK ABOUT THIS PROPERTY

Rick GuntzelHSC Business BrokersMore Info
612-889-8100

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Rick GuntzelHSC Business BrokersMore Info
612-889-8100

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