Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    N10120 Parkway Rd Crivitz, WI 54114

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,599,000

    Historic Northern Wisconsin Resort, 3648 sq ft, 2.72 acres

    Property size:
    3,648 SF

    Property Features for N10120 Parkway Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,648 SF
    Lot Size
    118,483 SF

    Building Details

    Year Built
    1939

    We can help!

    Listing Contact
    Keith Sippel
    Keith Sippel

    Listing Agency: CENTURY 21 Affiliated Listing Agent: Keith Sippel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional investment opportunity presents a chance to acquire a well-established Northern Wisconsin resort boasting a rich history of over 80 years within the same family. The property encompasses a substantial 3,648 square feet and sits on a generous 2.72-acre lot. The resort's amenities include a fully operational bar and supper club, providing immediate revenue streams. Multiple motel units are also included, further enhancing the income potential. Two rental trails add to the diverse revenue streams. Strategically located a mere quarter-mile from the Peshtigo River flowage, with convenient access to a large public boat landing, the resort benefits from significant recreational opportunities. The property's proximity to ATV, UTV, and snowmobile trails caters to a wide range of outdoor enthusiasts. Its enviable location directly across from the picturesque Governor Evers State Park provides unparalleled scenic beauty and attracts a steady stream of visitors. This unrivaled resort presents a unique opportunity for substantial financial returns. An optional add-on includes an RV park with capacity for up to 130 units, increasing the overall investment to $4,200,000. This is a rare chance to own a piece of Wisconsin history and build upon a legacy of success.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Crivitz
    County
    MARINETTE
    State
    Wisconsin
    Longitude
    -88.19637
    Latitude
    45.33067

    Nearby Similar for Sale

    • $4,200,000

      Hilltop Resort & Supper Club

      Resort with bar, supper club, cabins, motel, and trailer/RV sites.
      10120 Parkway Rd, Crivitz, WI
      View Details
    • $680,000
      4,200 SF

      Established Crivitz Commercial Business

      Profitable, well-equipped repair shop, 4200 sq ft.
      W12412 Eagle Rd, Crivitz, WI 54114
      View Details
    • $499,900
      2,947 SF

      Crivitz Bar & Grill - Turnkey Business

      Thriving Restaurant, Prime Location, High Revenue
      N7625 Parkway Rd, Crivitz, WI 54114
      View Details
    • $749,900
      2,184 SF

      Turnkey Crivitz Business Opportunity

      Lakefront Store & Mini Golf - High Returns!
      15376 County Rd, Crivitz, WI 54114
      View Details
    • $1,599,000
      9,333 SF

      Hilltop Resort: Prime Wisconsin Location

      Established Resort, Supper Club, & Camping
      n10120 Parkway Rd, Crivitz, WI 54114
      View Details
    • $1,300,000
      3,100 SF

      Crivitz Golf Course & Land

      108 Acres, Thriving Business, WI
      N7559 Shaffer Rd, Crivitz, WI 54114
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Historic Northern Wisconsin Resort, 3648 sq ft, 2.72 acres
    Where is this commercial real estate located?
    The property is located at N10120 Parkway Rd Crivitz, WI.
    What is the asking price?
    The asking price for this property is $1,599,000.
    (920) 707-0175
    Request Owner's contact information
    N10120 Parkway Rd Crivitz, WI 54114
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    N10120 Parkway Rd
    Crivitz, WI 54114
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    N10120 Parkway Rd Crivitz, WI 54114
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Keith Sippel
    Keith Sippel
    Real Estate License ID: 90-42588
    (920) 707-0175 (920) 733-7800 (813) 962-0441
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!