Conventional Restaurant

Ashland, WI Conventional Restaurants for Sale

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Historic Brownstone Restaurant Building
Updated: May 31
Historic Brownstone Restaurant Building

315 Turner Rd, Ashland, WI 54806

$549,900
3.50 AC lot
1880 brownstone restaurant building with bar/loung​e, multiple dining areas, and a commercial kitchen
On over 3.5 acres and adjacent to Prentice Park, just steps from Maslowski Beach
Main floor includes bar/lounge, formal dining areas, commercial kitchen, and a wrap‑around porch
Wrap‑around porch offers Lake Superior views
Renovations in progress include remodeled kitchen, refinished hardwood floors, revealed brownstone, and renovated dining room with crystal chandeliers
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Restaurant with Commercial Kitchen
Updated: Jul 22
Restaurant with Commercial Kitchen

201 Main St E, Ashland, WI 54806

$249,900
Corner restaurant on Second Street and Main Street in the heart of Ashland, set just down from Lake Superior
Dining area with a wall of high backed booths plus a bar and a coveted corner window seat
Commercial kitchen with high grade commercial kitchen flooring installed within the last five years
Updates within the last five years: new roof, fresh paint, and all new flooring
Includes a convenient upper‑level office plus a full basement for storage
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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Ashland, WI, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Restaurant with On-Site Living Quarters
Restaurant with On-Site Living Quarters

6622 Hwy 2, Hurley, WI 54534

$524,900
3,875 sqft

Established restaurant property with bar, dining room, commercial kitchen, accessibility features, and additional residential accommodations.

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Resort Lodge with Restaurant
Resort Lodge with Restaurant

12770 Scenic Drive, Iron River, WI 54847

$1,295,000
5,040 sqft 14.00 AC lot

Includes an attached three-bedroom residence with an open-concept kitchen and great room.

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Restaurant with On-Site Living Quarters
Restaurant with On-Site Living Quarters

6622 W HWY 2, Hurley, WI 54534

$524,900
1.05 AC lot

Restaurant facilities include a bar, dining room, equipped kitchen, storage, and office space.

View details
Lakefront Resort with Rental Cabins
Lakefront Resort with Rental Cabins

12770 Scenic Drive, Iron River, WI 54847

$1,295,000

The lodge combines a bar and restaurant with an attached three-bedroom residence, plus three separate guest cabins.

View details

Ashland, WI Conventional Restaurants Market Trends and Statistics

Explore 2 conventional restaurants for sale in Ashland, WI on our real estate platform.

Sale prices for conventional restaurants in Ashland, WI start at $249,900, averaging $399,900, and reaching up to $549,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Commercial kitchens 3
Conventional restaurants 3
Bars & Pubs 2

Demographics Overview

Population 12K
Population Growth (5Y) +1.7%
Median Household Income $59,556
College Educated 33.3%

High-Yield Neighborhoods for Investment

Identify Ashland submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
54806 $399.9K

Taxes & Financing

Tax Rate (average for all types) 2.52%
Tax Rate vs County Average 0.09 pp above county avg
Average Loan-to-Value 65.0%

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