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Restaurant with Furnishings and Equipment
For Sale
$249,000

10381 HWY 51, Oma, WI 54534

CommercialSale, Oma, WI

Property SizeContact for details
Lot Size0.70 Acres
Days on Market274

Property Features for 10381 HWY 51

General Information

Property type Commercial Sale
Property subtype Other
Interior features Storage
Exterior features Landscaping
Lot features Level
Directions From Manitowish take Highway 51 north to Oma. The property is on the left on Highway 51.
Standard status Active
APN 014-0219-0000
Lot size 0.70 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description PT OF SE-NE .70A 30 45 3E
Tax Annual Amount 2633
Legal Description PT OF SE-NE .70A 30 45 3E

Utilities

Sewer type Mound Septic
Heating system Forced Air, Propane (Heating)
Cooling system Central Air
Water source Well

Building Details

Floors in Building 1
Flooring type Concrete
Building materials Frame, Stone, WoodSiding
Roof type Composition, Shingle
Additional Structures Storage
Listing Agency: REDMAN REALTY GROUP, LLC
Listed By: LINDA LONG TEAM · License #54872 - 90
Added: Dec 2, 2025 Changed: Aug 20 Last Checked: Sep 2 at 3:06PM
MLS# 215242

Copyright © 2026 Greater Northwoods MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This conventional restaurant property includes a building constructed in 2007 with furnishings, fixtures, and equipment included in the sale. The improvements feature storage, concrete flooring, central air conditioning, forced-air heating, propane heat, a frame and stone exterior, wood siding, landscaping, and a composition shingle roof. Water is supplied by a well, with mound septic service.

The property occupies 0.7 acres along US HWY 51, just south of Hurley, and is positioned near the Iron County snowmobile and ATV trails. It operated as a supper club for more than 70 years, and the existing layout and included equipment support continued restaurant use or other mixed-use commercial concepts.

Key Highlights

  • Restaurant building constructed in 2007
  • Furnishings, fixtures, and equipment included
  • 0.7‑acre property along US HWY 51

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

3
Businesses Nearby
Well-served
Demand for This Use

Demographics for 54534, WI

2,481
Population
1,719
Households
1.4
Avg Household Size
53
Median Age
20%
College-Educated
95%
High-School Grad
134.7 sq mi
ZIP Area
18
Density / Sq Mi
$53,889
Median Household Income
$36,027
Median Earnings
$634
Median Rent
$108,700
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant building includes furnishings, fixtures, equipment, storage, and central air conditioning.
Where is this conventional restaurant located?
The property is located at 10381 HWY 51 Oma, WI.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Restaurant building constructed in 2007; Furnishings, fixtures, and equipment included; 0.7‑acre property along US HWY 51
More about this property
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