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    287 State Hwy Bancroft, WI 54921

    For Sale
    $925,000

    Turnkey business, 10+ acres, high traffic

    Property size:
    9,902 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional commercial property in Bancroft, WI, presents a rare opportunity to acquire a thriving, established bar and restaurant on over 10 acres of land. Boasting 9,902 square feet of space, this turnkey operation has enjoyed 20 years of consistent success, generating multiple revenue streams. The full-service kitchen and busy bar are complemented by a robust event booking schedule and thriving recreational leagues (softball, pool, volleyball, horseshoes, and darts), ensuring steady year-round traffic. Its strategic location on State Highway 73, minutes from I-39, and proximity to local snowmobile and ATV/UTV routes further enhances its appeal. A newly constructed 24' x 45' pavilion and event hall are ideal for weddings, graduations, and other large gatherings, with bookings extending into 2025. The business benefits from the nearby Ponderosa Pines Campground (MLS #22405055), providing a constant stream of customers. Adding to its diverse income potential is a two-pump gas station offering three grades of gasoline and diesel fuel. Built from the ground up, this well-maintained property offers significant growth potential and is priced at $925,000. The seller will consider land contracts. This is an unparalleled opportunity for an investor or owner-operator to capitalize on a profitable, community-driven business.

    Property Features for 287 State Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    9,902 SF
    Lot Size
    448,668 SF

    Building Details

    Year Built
    2003
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bancroft
    County
    ADAMS
    State
    Wisconsin
    Longitude
    -89.63675
    Latitude
    44.23907

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    FAQs

    What type of property is this?
    Commercial real estate - Turnkey business, 10+ acres, high traffic
    Where is this commercial real estate located?
    The property is located at 287 State Hwy Bancroft, WI.
    What is the asking price?
    The asking price for this property is $925,000.
    (715) 347-3600
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    287 State Hwy Bancroft, WI 54921
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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
    287 State Hwy Bancroft, WI 54921
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