Restaurant with Banquet
For Sale
$399,000
784 N LAKE AVENUE, Phillips, WI 54555
Commercial/Industrial, Phillips, WI
Property Size6,000 SF
Price / SF$66.50
Days on Market105
Property Features for 784 N LAKE AVENUE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Lot features
Near Major Highway
Standard status
Active
Size
6,000 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6704
Utilities
Heating system
Hot Water(Heating)
Cooling system
Central Air
Amenities
banquet hall
detached apartment
garage
Building Details
Year built
1970
Building materials
Wood
Roof type
Composition, Shingle
Listing Agency:
RE/MAX NEW HORIZONS REALTY · RE/MAX International
(715) 339-6818
Listed By:
KC LOCHNER · License #8993894
(715) 780-0055
Added: May 21
Changed: Aug 19
Last Checked: Sep 2 at 6:06AM
MLS# 22602259
Copyright © 2026 Central Wisconsin MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 6,000-square-foot restaurant property, built in 1970, combines a dining room, horseshoe-style bar, banquet hall, and fully equipped commercial kitchen. The kitchen provides substantial preparation space, walk-in cooler and freezer capacity, a dishwashing area, and storage. Included operating equipment, newer flooring, replacement roofing, and some newer furniture support continued use of the facility. Central air conditioning and hot-water heat are also in place.
The property is located on Highway 13 in Phillips, Wisconsin, with customer parking serving the restaurant. A detached two-bedroom, one-bath apartment with an attached garage is included, providing separate residential space alongside the commercial operation. The banquet area accommodates up to 100 guests and is configured for gatherings, meetings, catered functions, and entertainment events.
The property is located on Highway 13 in Phillips, Wisconsin, with customer parking serving the restaurant. A detached two-bedroom, one-bath apartment with an attached garage is included, providing separate residential space alongside the commercial operation. The banquet area accommodates up to 100 guests and is configured for gatherings, meetings, catered functions, and entertainment events.
Key Highlights
- 6,000‑square‑foot restaurant property at 784 N Lake Avenue, Phillips, WI 54555
- Located on Highway 13 with customer parking
- Banquet hall seats up to 100 guests
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 54555, WI
4,887
Population
3,553
Households
1.4
Avg Household Size
52
Median Age
23%
College-Educated
95%
High-School Grad
364.2 sq mi
ZIP Area
13
Density / Sq Mi
$58,613
Median Household Income
$38,094
Median Earnings
$836
Median Rent
$172,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Updated bar-and-grill property includes a fully equipped kitchen, customer parking, and a detached apartment.
Where is this conventional restaurant located?
The property is located at 784 N LAKE AVENUE Phillips, WI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 6,000‑square‑foot restaurant property at 784 N Lake Avenue, Phillips, WI 54555; Located on Highway 13 with customer parking; Banquet hall seats up to 100 guests
