408 State Rd Hatley, WI 54440-9706
This exceptional Hatley, WI commercial property at 408 State Road offers a turnkey restaurant opportunity. The 5,118 square foot building features four entry doors and impressive 7-15 foot ceilings. The spacious layout includes a large dining room with seating for 77, a bar area accommodating 24 patrons, and a 16-seat waiting room adjacent to the kitchen. The sale includes the established business name, all equipment, a valuable liquor license, signage, and furniture, ensuring a seamless transition for the new owner. A significant advantage is the inclusion of a substantial 14-foot hood and all necessary kitchen equipment, ready for immediate operation. The property benefits from a prime location directly across from Riiser Station, ensuring high visibility and accessibility. While the previous owner has retired, a current renter is in place, providing immediate income and the potential for significant increases in net operating income (NOI) through future lease negotiations or direct operation. This presents a rare chance to acquire a well-established restaurant with a strong history and significant upside. Access is easily gained by exiting Highway 29 at the Y-turn, proceeding east past Dollar General, where the property is located directly across from Riiser Station.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.