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    W3408 Hwy Rio, WI 53960

    For Sale
    $420,000

    Established Business, High Traffic Area

    Property size:
    3,072 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional commercial property, located at W3408 Highway 16 in Rio, Wisconsin, presents a unique investment opportunity. The 3,072 square foot building sits on a 1.06-acre lot and houses the well-established Otsego Yacht Club, a thriving bar and restaurant. Known for its popular Friday Fish Fry, the business boasts a loyal customer base built over many years. The property's strategic location offers significant potential for continued growth and profitability. Recent renovations include updated flooring, ceilings, walls, coolers, tap lines, tables, and chairs, ensuring a modern and inviting atmosphere for patrons. Adding to its appeal, a snowmobile trail conveniently accesses the property from the rear, attracting additional clientele during the winter months. The business is currently operational, and showings are scheduled prior to daily business hours to minimize disruption. This turnkey operation offers a rare chance to acquire a profitable, established business with significant upside potential in a desirable location. The asking price is $420,000. This is an exceptional opportunity for an experienced restaurateur or investor seeking a well-maintained, high-traffic commercial property with a proven track record. The property's combination of a successful business model, prime location, and recent renovations makes it an attractive investment with strong potential for long-term success.

    Property Features for W3408 Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,072 SF
    Lot Size
    46,174 SF

    Building Details

    Year Built
    1945
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rio
    County
    COLUMBIA
    State
    Wisconsin
    Longitude
    -89.17075
    Latitude
    43.40608

    Nearby Comparable

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      Club 60: Supper Club & Apartments

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    Nearby Similar for Sale

    • $525,900
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      Turnkey Investment Opportunity in Rio

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    FAQs

    What type of property is this?
    Commercial real estate - Established Business, High Traffic Area
    Where is this commercial real estate located?
    The property is located at W3408 Hwy Rio, WI.
    What is the asking price?
    The asking price for this property is $420,000.
    (608) 220-4996
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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
    W3408 Hwy Rio, WI 53960
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