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    124 Chicago St Oconto, WI 54153

    For Sale
    $299,900

    Established Restaurant w/ Living Quarters & Garage

    Property size:
    2,886 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional turnkey commercial property in Oconto, WI, presents a rare opportunity. The 2,886 square foot building sits on a 0.33-acre lot and boasts a long history of successful operation under the same ownership for over 44 years. The property includes a well-maintained restaurant featuring a recently updated kitchen with new appliances, a beautiful wooden bar, and a spacious 10x40 walk-in cooler. Recent renovations encompass siding, windows, plumbing, and flooring, ensuring the building is in excellent condition. The restaurant's clean and inviting atmosphere contributes to its established success. Above the commercial space, a comfortable 3-bedroom, 1-bathroom living area offers a living room, dining area, and a full kitchen, providing convenient living quarters. Outdoor amenities include a back patio and deck, perfect for outdoor seating. A substantial 32x40 steel-sided and -roofed garage with four or more stalls offers ample storage space. The sale includes most equipment, making this a truly turnkey operation with significant potential for continued success or adaptation to new ventures. This is a unique opportunity to acquire an established business with significant upside.

    Property Features for 124 Chicago St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,886 SF
    Lot Size
    14,375 SF

    Building Details

    Year Built
    1900
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oconto
    County
    OCONTO
    State
    Wisconsin
    Longitude
    -87.88261
    Latitude
    44.88994

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Commercial real estate - Established Restaurant w/ Living Quarters & Garage
    Where is this commercial real estate located?
    The property is located at 124 Chicago St Oconto, WI.
    What is the asking price?
    The asking price for this property is $299,900.
    (920) 639-2444
    Request Owner's contact information
    124 Chicago St Oconto, WI 54153
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    Oconto, WI 54153
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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
    124 Chicago St Oconto, WI 54153
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