Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15850 & 15860 T-Bone Lane Hayward, WI 54843

    View on Map
    For Sale
    $2,700,000

    COMMERCIAL - Hayward, WI

    Property size:
    16,140 SF
    Lot size:
    4.76 Acres
    Added:
    May 8, 2025
    Days on Market:
    329
    Last Refresh:
    Apr 1 at 12:06 pm

    Property Features for 15850 & 15860 T-Bone Lane

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    39324
    Size
    16,140 SF
    Lot size
    4.76 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxDescription
    Lot #2, CSM 29/211 CM #7430, Sec 27-T41N-R9W
    TaxAnnualAmount
    16889

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2004
    Flooring type
    Carpet
    Building materials
    Log

    We can help!

    Listing Contact
    Kari Francois

    Listing agent Kari Francois License #90545-94

    Listing office LPT Realty, LLC 12760 Aberdeen St. NE, Lake Mary, WI

    Listing date May 8, 2025

    MLS# 1591456

    Copyright © 2026 Northwestern Wisconsin Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hayward Restaurant, Lodge & Venue

    This turnkey business opportunity features a restaurant, lodge, and event venue. The property is a well-established business known for its welcoming atmosphere, food, and service. It is a favorite among locals and travelers. The spacious dining room and full bar accommodate everyday meals, weddings, private parties, and special events. A 16-room lodge provides overnight accommodations. The property is situated on 4.76 acres and includes 16,140 square feet of space. The property is located in Hayward, Wisconsin.
    Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Hayward
    County
    Sawyer
    State
    Wisconsin
    Longitude
    -91.2627
    Latitude
    46.0387

    Nearby Similar for Sale

    • $450,000
      3,520 SF

      Hayward Restaurant Opportunity For Sale

      Fine dining restaurant with highway visibility and recent updates.
      12695W Hwy 77, Hayward, WI 54843
      View Details
    • $275,000
      2,064 SF

      Vintage Log Cabin Storefront

      Charming log cabin store with home in rear, near lakes.
      14293 W County Highway K, Hayward, WI 54843
      View Details
    • $199,900
      1,250 SF

      Hayward Storage Condos For Sale

      Upscale storage condos near Round Lake, Grindstone Lake, and Hayward.
      10195N County Highway K, Hayward, WI 54843
      View Details
    • $189,900
      1,500 SF

      Hayward Restaurant and Bar Opportunity

      Established bar and pizza restaurant with living quarters for sale.
      W904 Highway 77, Hayward, WI 54843
      View Details
    • $283,000
      3,000 SF

      Hayward Retail Property on Highway

      Retail property with high visibility and multiple access points.
      10331 State Highway 27, Hayward, WI 54843
      View Details
    • $1,695,000
      4,464 SF

      Thriving Hayward Restaurant and Bar

      Established restaurant and bar with prime lakefront location.
      9971N Grand Pines Lane, Hayward, WI 54843
      View Details
    • $239,900
      2,300 SF

      Hayward Tavern on Highway 77

      Well-established tavern with living quarters on 1.22 acres.
      10198 W State Highway 77, Hayward, WI 54843
      View Details
    • $2,230,000
      4,300 SF

      Turn-Key Resort on Nelson Lake

      Fully operational year-round resort with multiple revenue streams.
      13045 N Dam Road, Hayward, WI 54843
      View Details
    • $295,000
      2,472 SF

      Commercial Building in Hayward, WI

      Commercial building with office, bathroom, loft, and large lot.
      10709 Minnie Avenue, Hayward, WI 54843
      View Details
    • $295,000
      2,472 SF

      Hayward Commercial Building with Loft

      Commercial building in Hayward with office, bathroom, and loft.
      10709 Minnie Avenue, Hayward, WI 54843
      View Details
    • $275,000

      Vintage Log Cabin Storefront

      Store with home in rear, suitable for owner occupancy.
      14293 W County Road K, HAYWARD, WI, 54843-2165
      View Details
    • $1,595,000

      Hayward, WI Hospitality Business Opportunity

      Thriving business opportunity in Hayward, WI, on Round Lake.
      9971 N Grand Pines Ln, HAYWARD, WI, 54843
      View Details

    FAQs

    What type of property is this?
    Hotel - Turnkey restaurant, lodge, and event venue in Hayward, Wisconsin.
    Where is this hotel located?
    The property is located at 15850 & 15860 T-Bone Lane Hayward, WI.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: Turnkey business opportunity: Restaurant, lodge, and event venue ready for new ownership.; Well‑established business with a strong local reputation and loyal customer base.; Combination of dining room, full bar, and 16‑room lodge provides diverse revenue streams.
    (715) 977-1344
    We can help!
    Listing Contact
    Kari Francois
    Real Estate License ID: 90545-94
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!