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    508 Central Ave Florence, WI 54121

    For Sale
    $155,000

    Commercial/Industrial - Florence T-WI, WI

    Property size:
    4,030 SF
    Lot size:
    0.33 Acres
    Days on Market:
    79
    Last Refresh:
    Dec 6 at 3:06 am

    Property Features for 508 Central Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm
    Zoning
    Commercial
    APN
    010-02562-0000
    Interior features
    220 Volt Power, Alley, Cable TV Available, Cafe/Kitchen, Ceramic Floor, Delivery Area, Fixtures, Meeting Rooms, Occupied, Off Street Loading, Private Restrooms, Public Restrooms, Restroom(s), Roof Sign, Sidewalks, Telephone, Smoke/Fire Alarm
    Exterior features
    Alley
    Size
    4,030 SF
    Lot size
    0.33 Acres

    Utilities

    Utilities
    Cable Available, Phone Available
    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Building materials
    Stucco, Vinyl Siding
    Roof type
    Composition, Rubber, Shingle
    Architectural style
    Other

    HANSON REALTY INC (715) 324-5868

    Listing agent MICHAEL GOTSTEIN (715) 324-5868

    Listing date Sep 19, 2025

    MLS# 50094836 Listing URL

    Copyright © 2025 Upper Peninsula 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.

    Overview

    Established Restaurant & Bar Opportunity

    The Dina Mia Restaurant & Bar of Florence, a traditional Wisconsin Supper Club, has served the area for over 30 years. Currently closed, it previously offered a full menu specializing in made-to-order pizzas, Italian cuisine, steaks, and seafood. The property features a wrap-around bar with seating for 26-30 patrons, a dining room with seating for over 80, and an adjacent party room that accommodates an additional 40 seats. Included in the sale are all kitchen and bar equipment, as well as tables and chairs. The real estate comprises a 4,030 square foot building and an adjacent parking lot with over 20 spaces, situated on a 0.33-acre lot. This commercial property is located on the ATV/Snowmobile trail in the center of Florence and is zoned for commercial use, making it suitable for restaurants, retail properties, and bars.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Florence
    State
    Wisconsin
    Longitude
    -88.2496
    Latitude
    45.922659

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    FAQs

    What type of property is this?
    Restaurant - Restaurant and bar with equipment, seating, and parking in Florence.
    Where is this restaurant located?
    The property is located at 508 Central Ave Florence, WI.
    What is the asking price?
    The asking price for this property is $155,000.
    What are key features of this property?
    This property features: - Established restaurant and bar location with a 30+ year history.; - Includes all kitchen and bar equipment, tables, and chairs.; - **4000+ sq ft building with a large dining capacity (80+ seats) plus a party room (40 seats) and bar (26-30 seats).**
    (715) 324-5868
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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
    508 Central Ave Florence, WI 54121
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