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Lake Koshkonong Supper Club Opportunity

11802 N Charley Bluff Milton, WI 53563

11802 N Charley Bluff, Milton, WI, 53563
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Turnkey supper club with lake frontage and residence.

Property Size5,987 SF
Price / SF$267.25
AddedMay 15
Days on Market62
Last RefreshJul 15 at 1:31 pm

Property Features for 11802 N Charley Bluff

General Information

Standard status
Active
Size
5,987 SF
Property subtype
Retail

Building Details

Year Built
1910

Listing office Century 21 Affiliated

Listing date May 15, 2026

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Affiliated


Investment Insights

Based on property information with market context.

This is a turnkey supper club opportunity located on the shores of Lake Koshkonong, featuring 280 feet of lake frontage and sunset views. This established destination is known for its lobster boils and prime rib, offering the Wisconsin dining experience. Guests can enjoy cocktails and dinner on the lakeside patio with water views, or dine indoors surrounded by supper club ambiance, complete with a fireplace. Boaters can utilize the new pier to dock and enjoy dinner by water. The property also includes an attached private residence, featuring 1 bedroom, an updated bathroom, and a walk-in closet. The property size is 5987 square feet.

Key Highlights

  • Turnkey and thriving supper club with an established reputation and clientele.
  • 280 feet of prime Lake Koshkonong frontage with unforgettable sunset views.
  • Lakeside patio with panoramic water views for dining and cocktails.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $129.3k $21.60
− Vacancy −$3.4k −$0.56
EGI $126.0k $21.04
− OpEx −$31.5k −$5.26
NOI $94.5k $15.78
5,987 SF · lease $21.60/SF/yr · vacancy 2.60% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$1.35M
$1.18M – $1.57M (±1% cap)
NOI $94,468 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M (±1% cap)
NOI $100,711 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Buckhorn Supper Club Restaurant

Suggested Use

Big Box & Wholesale Store Gym & Fitness Center Restaurant Restaurant Bar & Pub

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

FAQs

What type of property is this?
Conventional restaurant - Turnkey supper club with lake frontage and residence.
Where is this conventional restaurant located?
The property is located at 11802 N Charley Bluff Milton, WI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Turnkey and thriving supper club with an established reputation and clientele.; 280 feet of prime Lake Koshkonong frontage with unforgettable sunset views.; Lakeside patio with panoramic water views for dining and cocktails.
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