8700 US Highway 51 - Retail FOR SALE


Minocqua, WI 54548
$1,250,000 USD
715-892-7325
8700 US Highway 51, Minocqua, WI for Sale
$1,250,000 USD
Retail - FOR SALE
1/5
null | Request Cap Rate

8700 US Highway 51
Minocqua, WI 54548


HIGHLIGHTS

  • Located at the busiest corridor in Minocqua.
  • Adjacent to many other complimentary businesses.
  • 1.61 acres between 2 parcels with nearly 250' of highway frontage.

OVERVIEW

Minocqua Commercial Opportunity: One of the most desired business sites in The Northwoods. Located at the stop light intersection of US Hwy 51 N and State Hwy 70 W. The busiest corridor in Minocqua with 18,100+ vehicles per day at this intersection. Adjacent to Minocqua's only Kwik-Trip and neighboring Starbucks, Taco Bell, McDonalds, Lakeland Union High School, hospitals and many other complimentary businesses. The existing tenant, El Tarasco Restaurant, has occupied the building since 2018 on a triple net lease. This property features ample paved parking with 59+ spots. Newly constructed building in 2010 offers spacious dining and kitchen areas and a covered patio for outdoor dining. Excellent business signage. Total of 1.61 acres between two parcels and nearly 250' of US Hwy 51 N frontage. Significant recent growth in this commercial area that will continue to increase in demand and value making this an appealing and dynamic long term investment.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$282 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bar, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.61 AC

LAND SF

70,132 SF

ZONING

Business B2

APN/PARCEL ID

01601-2170-002A

ASK ABOUT THIS PROPERTY

Adam RedmanRedman Realty Group LLCMore Info
715-892-7325

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Adam RedmanRedman Realty Group LLCMore Info
715-892-7325

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