Lake Winnebago Supper Club
W3496 COUNTY ROAD W Malone, WI 53049
For Sale
$999,999
Established supper club for sale on Lake Winnebago.
Property Size2,595 SF
Price / SF$385.36
Days on Market586
Property Features for W3496 COUNTY ROAD W
General Information
Standard status
Active
Size
2,595 SF
Property subtype
General Commercial
Building Details
Year Built
1970
Listing Agency:
Adashun Jones Real Estate
(920) 923-4433
Listed By:
Kevin Jones · License #9055540
(920) 251-6748
Source:
Xome
Added: Dec 20, 2024
Changed: Jul 10
Last Checked: Jul 29 at 4:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Adashun Jones Real Estate
Investment Insights
Based on property information with market context.
Jim & Linda's Lakeview Supper Club, recognized as one of Wisconsin's premier supper club destinations, is available for purchase. This is an opportunity to continue the tradition of an old-fashioned supper club experience. The restaurant is known for its prime rib, steaks, king crab, lobster, and Friday night fish fry, all served with views of Lake Winnebago sunsets. Travel Wisconsin has recognized it as one of the state's best supper clubs. The history, menu, and patronage associated with this lakeside location will transfer to the new owner upon sale. The restaurant serves over 30,000 plates annually and is suitable for all occasions. The property size is 2595 square feet.
Key Highlights
- Established, Profitable Business: One of Wisconsin's top supper clubs with over 30,000 plates served annually.
- Prime Waterfront Location: Overlooking Lake Winnebago, offering sunset views.
- Turnkey Operation: History, menu, and patronage transfer to the new owner.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.7k | $18.00 |
| − Vacancy | −$2.0k | −$0.76 |
| EGI | $44.7k | $17.24 |
| − OpEx | −$11.2k | −$4.31 |
| NOI | $33.6k | $12.93 |
2,595 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$479.4K
$419.5K – $559.4K
NOI $33,561 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.50M
$2.19M – $2.92M
NOI $175,038 @ 7.0% cap · market cap 17.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established supper club for sale on Lake Winnebago.
Where is this conventional restaurant located?
The property is located at W3496 COUNTY ROAD W Malone, WI.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Established, Profitable Business: One of Wisconsin's top supper clubs with over 30,000 plates served annually.; Prime Waterfront Location: Overlooking Lake Winnebago, offering sunset views.; Turnkey Operation: History, menu, and patronage transfer to the new owner.
