Freestanding Restaurant With Covered
For Sale
$1,250,000
8700 HWY 51, Minocqua, WI 54548
CommercialSale, Minocqua, WI
Property SizeContact for details
Lot Size1.61 Acres
Days on Market390
Property Features for 8700 HWY 51
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Half bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Parking features
Driveway, Special Needs
Exterior features
HandicapAccessible, SprinklerIrrigation
Accessibility
Accessible Approach with Ramp
Lot features
Level
Directions
From Minocqua, North on US Highway 51 to State Hwy 70 W intersection and Property on Right (El Tarascao Restaurant, next to Kwik Trip)
Standard status
Active
APN
MI-2170-2A, MI-2171-14
Lot size
1.61 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Doc 654606/654605 PT NW NE & SW NE 1.62SA NKA LOT 1 CSM V17 P3787 and Outlot 1 (CSM 481)
Tax Annual Amount
6638
Legal Description
Doc 654606/654605 PT NW NE & SW NE 1.62SA NKA LOT 1 CSM V17 P3787 and Outlot 1 (CSM 481)
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2010
Floors in Building
1
Flooring type
Tile, Mixed
Building materials
Frame, Stucco
Roof type
Tile, Rubber
Listing Agency:
REDMAN REALTY GROUP, LLC
(715) 358-0450
Listed By:
ADAM REDMAN · License #56355 - 90
(715) 892-7325
Added: Aug 6, 2025
Changed: Aug 19
Last Checked: Aug 30 at 5:06AM
MLS# 213665
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.
Investment Insights
Based on property information with market context.
This restaurant property includes a 2010-built building with dedicated dining and kitchen areas, a covered patio for outdoor service, and ample paved parking. The improvements feature frame and stucco construction, tile and mixed flooring, forced-air natural gas heating, central air, public water and public sewer, and accessible ramp entry. A full liquor license is included with the property.
The site encompasses 1.61 acres across two parcels, with nearly 250 feet of frontage along US Hwy 51 N. It sits at the signalized junction of US Hwy 51 N and State Hwy 70 W, where traffic is reported at 18,100+ vehicles per day. Nearby businesses and institutions include Kwik Trip, Starbucks, Taco Bell, McDonald’s, Lakeland Union High School, and hospitals.
El Tarasco Restaurant has occupied the building since 2018 under a triple net lease. The property also provides 59+ paved parking spaces and dedicated commercial signage.
The site encompasses 1.61 acres across two parcels, with nearly 250 feet of frontage along US Hwy 51 N. It sits at the signalized junction of US Hwy 51 N and State Hwy 70 W, where traffic is reported at 18,100+ vehicles per day. Nearby businesses and institutions include Kwik Trip, Starbucks, Taco Bell, McDonald’s, Lakeland Union High School, and hospitals.
El Tarasco Restaurant has occupied the building since 2018 under a triple net lease. The property also provides 59+ paved parking spaces and dedicated commercial signage.
Key Highlights
- 1.61 acres across two parcels with nearly 250 feet of US Hwy 51 N frontage
- Signalized US Hwy 51 N and State Hwy 70 W intersection with 18,100+ vehicles per day
- 2010‑built restaurant with dining area, kitchen, and covered outdoor patio
Property Analytics
Property Profile
Current Use
Lease Details
18,100 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
94k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 49%
Kwik Trip
Shops & Services
35,003 visits/mo
0.0 miles
McDonald's
Dining
16,966 visits/mo
0.1 miles
Starbucks
Dining
10,699 visits/mo
0.0 miles
Taco Bell
Dining
7,956 visits/mo
0.1 miles
Associated Bank
Shops & Services
5,447 visits/mo
0.1 miles
Demographics for 54548, WI
5,406
Population
5,096
Households
1.1
Avg Household Size
56
Median Age
36%
College-Educated
96%
High-School Grad
99.0 sq mi
ZIP Area
55
Density / Sq Mi
$69,784
Median Household Income
$42,378
Median Earnings
$935
Median Rent
$307,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - 2010 restaurant building with dining, kitchen, outdoor seating, and a full liquor license included with the property.
Where is this conventional restaurant located?
The property is located at 8700 HWY 51 Minocqua, WI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 1.61 acres across two parcels with nearly 250 feet of US Hwy 51 N frontage; Signalized US Hwy 51 N and State Hwy 70 W intersection with 18,100+ vehicles per day; 2010‑built restaurant with dining area, kitchen, and covered outdoor patio
