Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    408 State Rd Hatley, WI 54440

    For Sale
    $349,500

    Established Restaurant, Fully Equipped, High NOI Potential

    Property size:
    5,118 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    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.

    Property Features for 408 State Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    5,118 SF

    Building Details

    Year Built
    1960
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Food Market Storage Facility HVAC Service Bar & Pub Grocery Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Hatley
    County
    MARATHON
    State
    Wisconsin
    Longitude
    -89.33665
    Latitude
    44.88216

    Nearby Comparable

    • $349,500
      5,118 SF

      Hatley Restaurant & Bar for Sale

      Established Bar/Restaurant, High Potential
      408 State Rd, Hatley, WI 54440
      View Details
    • $460,000
      28.06 Acres

      Eland Agricultural Land with Barn

      28.06 acres of prime agricultural land with modern barn.
      179432 County Road Ii, Eland, WI 54427
      View Details
    • $94,900
      10.40 Acres

      Birnamwood Land with Trail Access

      10 acres with highway frontage and recreational trail access.
      02 State Hwy, Birnamwood, WI 54414
      View Details

    Nearby Similar for Sale

    • $125,000
      5,339 SF

      Hatley Commercial Property - Huge Potential

      Prime Hatley location, 5339 sq ft, 1.84 acres.
      209710 Store Ln, Hatley, WI 54440
      View Details
    • $349,500
      5,118 SF

      Hatley Restaurant & Bar for Sale

      Established Bar/Restaurant, High Potential
      408 State Rd, Hatley, WI 54440
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Established Restaurant, Fully Equipped, High NOI Potential
    Where is this commercial real estate located?
    The property is located at 408 State Rd Hatley, WI.
    What is the asking price?
    The asking price for this property is $349,500.
    (715) 261-2922
    Request Owner's contact information
    408 State Rd Hatley, WI 54440
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    408 State Rd
    Hatley, WI 54440
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    408 State Rd Hatley, WI 54440
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.