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Restaurant with Included FF&E
For Sale
$249,000

10381 HWY 51, Oma, WI 54534

CommercialSale, Oma, WI

Property SizeContact for details
Lot Size0.70 Acres
Days on Market338

Property Features for 10381 HWY 51

General Information

Property type Commercial Sale
Property subtype Other
Interior features Storage
Exterior features Landscaping
Lot features Level
Directions From Manitowish take Highway 51 north to Oma. The property is on the left on Highway 51.
Standard status Active
APN 014-0219-0000
Lot size 0.70 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description PT OF SE-NE .70A 30 45 3E
Tax Annual Amount 2633
Legal Description PT OF SE-NE .70A 30 45 3E

Utilities

Sewer type Mound Septic
Heating system Propane (Heating), Forced Air
Cooling system Central Air
Water source Well

Building Details

Floors in Building 1
Flooring type Concrete, Vinyl
Building materials Frame, Stone, WoodSiding
Roof type Shingle, Composition
Additional Structures Storage
Listing Agency: REDMAN REALTY GROUP, LLC
Listed By: LINDA LONG TEAM · License #54872 - 90
Added: Dec 2, 2025 Changed: Oct 25 Last Checked: Nov 4 at 9:06AM
MLS# 215242

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.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This restaurant property in Oma, Wisconsin, sits on 0.7 acres along US Highway 51. The current building dates to 2007 and includes furnishings, fixtures, and equipment, which are reported to be in very good condition. Interior storage, concrete and vinyl flooring, forced-air propane heat, and central air are among the building features. Water is supplied by a well, with mound septic service.

The site is on the Iron County snowmobile and ATV trails, just south of Hurley. The property has operated as a supper club for more than 70 years, with its current building serving that use since its construction.

Key Highlights

  • 0.7‑acre restaurant property on US Highway 51
  • Current building constructed in 2007
  • Furnishings, fixtures, and equipment included; reported in very good condition

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

3
Businesses Nearby
Well-served
Demand for This Use

Demographics for 54534, WI

2,481
Population
1,719
Households
1.4
Avg Household Size
53
Median Age
20%
College-Educated
95%
High-School Grad
134.7 sq mi
ZIP Area
18
Density / Sq Mi
$53,889
Median Household Income
$36,027
Median Earnings
$634
Median Rent
$108,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - The property includes furnishings, fixtures, and equipment for continued restaurant use.
Where is this conventional restaurant located?
The property is located at 10381 HWY 51 Oma, WI.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 0.7‑acre restaurant property on US Highway 51; Current building constructed in 2007; Furnishings, fixtures, and equipment included; reported in very good condition
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