7610 US Highway 2 - Bar FOR SALE


Iron River, WI 54847
$229,000 USD
612-889-8100
7610 US Highway 2, Iron River, WI for Sale
$229,000 USD
Bar - FOR SALE
1/8
null | Request Cap Rate

7610 US Highway 2
Iron River, WI 54847


HIGHLIGHTS

  • Business + Real Estate Included at $229,000
  • Remodeled Two-Bedroom Apartment Included
  • Outdoor Beer Garden + US Highway 2 Visibility

OVERVIEW

Liquor in the Woods offers the opportunity to acquire an established neighborhood bar and mixed-use property along US Highway 2 in Iron River, Wisconsin. Priced at $229,000, the offering includes the business, real estate, and furniture, fixtures, and equipment, along with a remodeled two-bedroom apartment above the bar. The main level includes approximately 1,288 square feet with a capacity of approximately 75 patrons. The efficient layout features a long full-service bar, ample seating, pool table, gaming, and the equipment necessary to continue operations. A full basement provides additional storage and utility space. An outdoor beer garden expands the customer area and provides additional potential for live music, trivia nights, special events, and seasonal programming. The remodeled 767-square-foot, two-bedroom apartment provides an important second component to the property. A new owner can occupy the residence or utilize it as an income-producing rental, creating an opportunity to offset operating costs while owning the underlying real estate. Liquor in the Woods serves a mix of local regulars and seasonal visitors and benefits from its location along US Highway 2. Iron River and the surrounding area draw visitors throughout the year for lakes, trails, snowmobiling, hunting, fishing, camping, and other Northwoods recreation. The business provides an established operating foundation with opportunities for a new owner to increase activity through expanded hours, events, entertainment, food offerings, or a refreshed concept. Its manageable footprint and mixed-use configuration make the property particularly well suited for an owner-operator seeking the ability to own the real estate, operate the business, and potentially live on-site. The business name may be included or excluded at the buyer's discretion, providing flexibility to continue the existing operation or introduce a new concept. Asking Price: $229,000 Includes real estate and furniture, fixtures, and equipment. Inventory is not included in the asking price.

FOR SALE DETAILS

PRICE

$229,000 USD

PRICE/SF

$104 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Bar + Apartment | Business & Real Estate

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

G2 - Commercial

APN/PARCEL ID

04-024-2-47-08-07-4 00-209-30000

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.