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    5675 CTH M Boulder Junction, WI 54512

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    Claim this Listing
    For Sale
    Under Contract
    $48,000

    COMMERCIAL - Boulder Junction, WI

    Lot size:
    6.00 Acres
    Added:
    Mar 31, 2025
    Days on Market:
    390
    Last Refresh:
    Apr 24 at 10:06 pm

    Property Features for 5675 CTH M

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3
    Parking features
    Paved or Surfaced, Driveway
    Exterior features
    HandicapAccessible, Landscaping, Storage
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active Under Contract
    APN
    4-1458
    Lot size
    6.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PRT GOVT LOT 2 EXC 622-588 HWY ROW
    Tax Annual Amount
    3478

    Utilities

    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air
    Water source
    Well
    Water front features
    River Front
    Water front
    1

    Building Details

    Floors in Building
    2
    Number of units
    1
    Flooring type
    Mixed, Carpet
    Building materials
    Frame, LogSiding, WoodSiding
    Roof type
    Composition, Shingle
    Additional Structures
    Storage

    We can help!

    Listing Contact
    DENISE GOLDSWORTHY TEAM

    Listing agent DENISE GOLDSWORTHY TEAM License #39293 - 90

    Listing office RE/MAX PROPERTY PROS - MINOCQUA 8612 Hwy 51 PO Box 142, Minocqua, WI

    Listing date Mar 31, 2025

    MLS# 211506 Listing URL

    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.

    Overview

    Restaurant Opportunity in Boulder Junction

    This commercial property in Boulder Junction, Wisconsin, offers a restaurant opportunity with an existing 4,100 square foot building. The property is situated on a 6-acre lot along the Manitowish River, near Boulder Lake. The building features two dining rooms, a large outdoor deck with seating that overlooks the scenic river, and a long wood antique bar with new bar equipment. The updated and efficient kitchen includes new equipment and Protect All rubber mat flooring, along with two walk-in freezers, two walk-in refrigerators, and a walk-in beer cooler. The location is positioned in a recreational hub, with access to snowmobile, paved bike, and ATV trails, as well as kayakers. Located just north of town on a county highway, this established dining location offers a smooth transition into success.
    Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Map

    City
    Boulder Junction
    County
    Vilas
    State
    Wisconsin
    Longitude
    -89.6403104
    Latitude
    46.1214402

    Nearby Similar for Sale

    • $599,900

      Boulder Junction Commercial Opportunity

      Cozy wine bar/pub with living quarters in downtown Boulder Junction.
      5461 PARK ST, Boulder Junction, WI 54512
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    • $1,947

      Retail Space in Boulder Junction

      Prime retail space in the heart of Boulder Junction, Wisconsin.
      10356 MAIN ST unit: Lease A-D, Boulder Junction, WI 54512
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    • $497,000

      Boulder Junction Commercial Opportunity

      Commercial building on 6 acres with river frontage.
      5675 CTH M, Boulder Junction, WI 54512
      View Details

    FAQs

    What type of property is this?
    Restaurant - Established restaurant location with scenic river views and updated equipment.
    Where is this restaurant located?
    The property is located at 5675 CTH M Boulder Junction, WI.
    What is the asking price?
    The asking price for this property is $48,000.
    What are key features of this property?
    This property features: Fully equipped restaurant space available for lease, minimizing upfront investment.; Prime location on the Manitowish River in Boulder Junction, a popular recreational area.; Includes two dining rooms and a LARGE outdoor deck with scenic river views.
    (715) 891-0921
    We can help!
    Listing Contact
    DENISE GOLDSWORTHY TEAM
    Real Estate License ID: 39293 - 90
    Learn More
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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
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