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    1520 Cth F, Unit 8 Minocqua, WI 54548

    Sponsored
    For Sale
    $694,900

    COMMERCIAL - Minocqua, WI

    Lot size:
    0.09 Acres
    Days on Market:
    26
    Last Refresh:
    Jan 30 at 8:06 pm

    Property Features for 1520 Cth F

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 2, Bedroom 3, Bedroom 1
    Bedrooms
    3
    APN
    10-1838-28
    Parking features
    Paved or Surfaced, Special Needs
    Lot size
    0.09 Acres

    Utilities

    Heating system
    Propane (Heating), Electric (Heating), Forced Air
    Water source
    Well
    Water front features
    Lake Front
    Water front
    1

    Building Details

    Year built
    1940
    Floors in Building
    1
    Flooring type
    Vinyl, Carpet
    Building materials
    Frame, WoodSiding
    Roof type
    Composition, Shingle
    Additional Structures
    Outbuilding

    We can help!

    Listing Contact
    NEIL PLUISTER

    RE/MAX Property Pros (715) 356-3207

    Listing agent NEIL PLUISTER (715) 367-7270

    Listing date Jan 5, 2026

    MLS# 210292 Listing URL

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

    Learn more

    Property Insight Report

    Overview

    Established Restaurant & Bar For Sale

    This well-known and established family restaurant and bar has been a local fixture for almost 40 years. The property includes a large 32' x 16' bar area with 15 barstools and a spacious open dining room with almost a thousand square feet, featuring 5 booths and 7 tables. The 288 square foot kitchen is equipped with 2-flat tops, a commercial stove and oven, 3-door coolers, 2-commercial refrigerators, and a newer ice machine. There is also a 260 square foot prep area, plus a 10' x 9' walk-in freezer. Additional features include a partial basement and living quarters in the rear of the building. A 42' x 34' garage and a huge parking lot are also present, along with a handicap-accessible entrance. The property boasts its own boat launch and 47 feet of frontage on Twin Placid, part of the Fence Lake Chain. A new roof was installed in 2024, and a new septic system was installed in 2021. The property is suitable for continuing use as a restaurant and bar.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Map

    City
    Minocqua
    County
    Oneida
    State
    Wisconsin
    Longitude
    -89.82837752
    Latitude
    45.91833531

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    FAQs

    What type of property is this?
    Restaurant - Well-known restaurant and bar with lake frontage on Fence Lake Chain.
    Where is this restaurant located?
    The property is located at 1520 Cth F, Unit 8 Minocqua, WI.
    What is the asking price?
    The asking price for this property is $694,900.
    What are key features of this property?
    This property features: - 47 feet of frontage and private boat launch on Twin Placid, part of the highly desirable Fence Lake Chain.; - Established and well-known family restaurant and bar with a 40-year history and reputation for fresh, homemade dishes.; - Includes living quarters in the rear of the building, offering convenience for owner/operator.
    (715) 367-7270
    Request Owner's contact information
    1520 Cth F, Unit 8 Minocqua, WI 54548
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    Minocqua, WI 54548
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1520 Cth F, Unit 8 Minocqua, WI 54548
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    We can help!
    Listing Contact
    NEIL PLUISTER
    Real Estate License ID: 50686-090
    (715) 367-7270
    Learn more
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