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    220 Elkhorn Rd Williams Bay, WI 53191

    For Sale
    $1,500,000

    Office(s),Professional Service,Recreation,Retail,Special Purpose

    Property size:
    3,334 SF
    Lot size:
    0.26 Acres
    Days on Market:
    46
    Last Refresh:
    Dec 5 at 9:06 pm

    Property Features for 220 Elkhorn Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security Lighting
    Zoning
    Commercial
    APN
    WFS00001A
    Interior features
    Carpeting, Fixtures, Furniture, Handicap Access, Handicap Equipped, Inside Storage, Inventory Included, Office(s), Rest Rooms, Security Equipment
    Exterior features
    220 Volt Power
    Accessibility
    Accessible Approach with Ramp
    Size
    3,334 SF
    Lot size
    0.26 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1978
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Composition, Metal
    Architectural style
    Other

    Homestead Realty, Inc (414) 461-4040 [email protected]

    Listing agent Tricia L. Ruby (262) 248-4747 License #89581-94

    Listing date Oct 21, 2025

    MLS# 1937467 Listing URL

    Copyright © 2025 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Restaurant in Williams Bay

    This is a well-established and highly visible South American restaurant located in the Village of Williams Bay. The property includes a customer base and tropical theme. The restaurant has seating for over 120, including the bar, dining area, party room, and outdoor patio. It is a short walk or drive to Geneva Lake. The property has a fully equipped kitchen, dry and cold storage, and all furniture, fixtures, and equipment are included. The building size is 3334 square feet and the lot size is 0.26 acres. The zoning is commercial. A liquor license may transfer with proper permit, and the food and liquor inventory may be transferrable as well. The owner may assist with consulting. The property can be used for office, professional service, recreation, retail, or special purpose.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lucke's Cantina Mexican Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Auto Repair Shop Hair Salon Clothing Store Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Lake Life Catering

    Location Insight

    • Map
    • Local Demand
    City
    Williams Bay
    County
    Walworth
    State
    Wisconsin
    Longitude
    -88.5410407
    Latitude
    42.5821089

    Nearby Similar for Sale

    • $1,675,000
      4,560 SF

      Downtown Williams Bay Dual-Income Property

      A+ property with restaurant and short-term rental potential and lake views.
      2 W Geneva St, Williams Bay, WI 53191
      View Details

    FAQs

    What type of property is this?
    Restaurant - Well-established South American restaurant with high visibility and customer base.
    Where is this restaurant located?
    The property is located at 220 Elkhorn Rd Williams Bay, WI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Established restaurant with high visibility and existing customer base in the desirable Village of Williams Bay.; - Seating capacity for over 120 patrons, including bar, dining area, party room, and outdoor patio.; - Fully equipped kitchen, ample dry and cold storage, and all furniture, fixtures, and equipment included in the sale.
    (262) 248-4747
    Request Owner's contact information
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    Williams Bay, WI 53191
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    Realmo Value Estimation

    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.

    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.

    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
    220 Elkhorn Rd Williams Bay, WI 53191
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