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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

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.
More about this property
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