Florence, WI
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    Florence, WI Conventional Restaurants for Sale

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    Iron Mountain, MI Kingsford, MI Crystal Falls, MI
    Florence Restaurant & Bar Opportunity
    $150,000
    4,030 SF
    Florence Restaurant & Bar Opportunity

    508 Central Avenue, Florence, WI 54121

    Restaurant and bar with equipment and parking in Florence, WI.
    • Established restaurant & bar location with 30+ year history.
    • Turn‑key operation: includes all kitchen and bar equipment, tables, and chairs.
    • Generous seating capacity for over 140 patrons in the bar, dining room, and party room.
    • Located directly on ATV/Snowmobile trail.
    • Includes 4000+ sq ft building and adjacent parking lot with 20+ spaces.
    Updated: Nov 1, 2022
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    Established Restaurant on US Highway
    $649,900
    6,300 SF
    Established Restaurant on US Highway

    695 US2 Highway, Florence, WI 54121

    Iconic supper club with loyal customer base for sale.
    • Established, Profitable Restaurant: A century‑old, thriving business with a loyal customer base and exceptional Italian cuisine.
    • Turnkey Operation: Includes all necessary licenses, furniture, inventory, and equipment for a seamless transition.
    • Prime Location: Situated on busy US Hwy 2 with excellent visibility and easy access.
    • Ample Parking: Features a 69‑space parking lot.
    • Versatile Space: 6,300 sq ft facility with an upper level (bar, kitchen, dining, 38‑seat party room) and a lower level 60‑seat banquet room with private bar.
    Updated: Sep 29, 2022
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    Established Restaurant on US Highway
    $649,900
    6,300 SF
    Established Restaurant on US Highway

    Iconic restaurant with loyal customer base on busy highway.

    695 US-2, Florence, WI 54121

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    Established Restaurant & Bar Opportunity
    $150,000
    4,030 SF
    Established Restaurant & Bar Opportunity

    Restaurant and bar with equipment, seating, and parking included.

    508 CENTRAL AVENUE, Florence, WI 54121

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    Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 Active listings in Florence, 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.

    Established Restaurant Business Opportunity
    $349,000
    2,472 SF
    Established Restaurant Business Opportunity

    Turnkey restaurant for sale in a high-traffic recreational area.

    N17480 US Highway 141 Road, Pembine, WI 54156

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    Turnkey Restaurant & Bar Opportunity
    $299,000
    2,923 SF
    Turnkey Restaurant & Bar Opportunity

    Ready-to-operate restaurant and bar with living quarters in Iron River.

    130 Washington Avenue, Iron River, MI 49935

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    Turnkey Restaurant in Beecher
    $349,000
    Turnkey Restaurant in Beecher

    Fully operational restaurant with equipment and furnishings included in sale.

    N17480 US HIGHWAY 141, Pembine, WI 54156

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    Established Restaurant on Main Street
    $295,000
    2,300 SF
    Established Restaurant on Main Street

    High-visibility restaurant with loyal customer base and expansion potential.

    321 W Genesee Street, Iron River, MI 49935

    View details

    Florence, WI Conventional Restaurants Investment Opportunities Market Analysis

    Explore 4 conventional restaurants for sale in Florence, WI, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 20,660 square feet of properties for sale, with an estimated market value of $1,599,800.

    Sale prices for conventional restaurants in Florence, WI start at $150,000, averaging $399,950, and reaching up to $649,900 — 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

    Conventional restaurants 4
    Bars & Pubs 2

    Demographics Overview

    Population 3,213
    Population Growth (5Y) +7.6%
    Median Household Income $57,927
    College Educated 32.7%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    54121 $400K

    Taxes & Financing

    Tax Rate (average for all types) 2.36%
    Tax Rate vs County Average 0.09 pp above county avg
    Average Loan-to-Value 65.0%

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