419 N Railroad St - Restaurant FOR SALE


Eagle River, WI 54521
$1,300,000 USD
612-889-8100
419 N Railroad St, Eagle River, WI for Sale
$1,300,000 USD
Restaurant - FOR SALE
1/10
null | Request Cap Rate

419 N Railroad St
Eagle River, WI 54521


HIGHLIGHTS

  • Turn-key, waterfront supper club with boat slips and tiki bar on the world’s largest chain of freshwater lakes.
  • Highly successful, year-round business with strong local following and tourist traffic from both summer boating and winter snowmobiling.
  • Optional adjacent home available—ideal for owner-occupancy, staff housing, or additional rental income.

OVERVIEW

**For Sale: Iconic Northwoods Supper Club on Premier Waterfront Location** **Property Overview:** This is a rare opportunity to own a well-established, turn-key supper club in the heart of Wisconsin’s Northwoods. **Eddy B’s White Spruce Restaurant & Tavern** is a beloved destination in Eagle River, ideally located on the banks of the Eagle River Chain of Lakes—the world’s largest inland chain of connected freshwater lakes. With a history dating back to 1884, the property blends rustic charm with modern amenities and a strong local following. **Property Highlights:** * Highly successful, fully operational supper club with strong year-round revenues * Prime waterfront location with direct boat access and 12 private slips * Expansive outdoor deck with tiki bar offering scenic views of the river * Classic log cabin architecture with cozy Northwoods ambiance * Located along a major snowmobile trail—ideal for winter traffic * Turn-key sale includes furniture, fixtures, equipment, and business goodwill **Additional Opportunity:** An **adjacent single-family home** is available for separate purchase, providing a perfect onsite residence for an owner-operator, employee housing, or additional rental income. **Location Benefits:** * High visibility and easy access from downtown Eagle River * Sits at the gateway between the Eagle River and Three Lakes chains * Popular with tourists, boaters, snowmobilers, and locals alike * Surrounded by resorts, vacation rentals, and year-round outdoor recreation This is an exceptional opportunity to step into a thriving hospitality business in one of Wisconsin’s most sought-after lakefront communities. **Contact us today** for financials, a private showing, or to learn more about the business and optional adjacent home.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$361 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Eddy B's White Spruce Inn

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1884

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

C-2

APN/PARCEL ID

221-237

ASK ABOUT THIS PROPERTY

Rick GuntzelHSC Business BrokersMore Info
612-889-8100

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

Rick GuntzelHSC Business BrokersMore Info
612-889-8100

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