Lakefront Supper Club
11802 N Charley Bluff Road Milton, WI 53563
For Sale
$1,600,000
COMMERCIAL - Milton, WI
Property Size5,987 SF
Lot Size1.83 Acres
Price / SF$267.25
Days on Market68
Property Features for 11802 N Charley Bluff Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- CR
- Security features
- Security System
- Interior features
- Private Restrooms, Residential unit(s), Security system, Landscaped, Out Building, Water Filter, Water Softener
- Standard status
- Active
- APN
- 6-13-640.24
- Size
- 5,987 SF
- Lot size
- 1.83 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9102
Building Details
- Year built
- 1910
- Number of units
- 1
- Roof type
- Membrane, Metal
Listing Agency:
Realty Executives Cooper Spransy
(608) 661-7900
Listed By:
Ashley Nelson
(608) 931-3317
Added: May 17
Changed: Jul 23
Last Checked: Jul 23 at 12:06PM
MLS# 2023374
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey supper club restaurant is set up for immediate operation and offers both indoor and lakeside dining. The property includes a lakeside patio for cocktails and dinner with water views, as well as indoor dining with a cozy fireplace. Boaters can take advantage of a newly added pier for docking and enjoying dinner from the water.
The restaurant sits on 280 feet of lake frontage on Lake Koshkonong and is described as having sunset views. In addition to the dining space, the property includes an attached private residence with one bedroom, an updated bathroom, and a spacious walk-in closet, providing convenient on-site living for owner occupancy or management.
Zoned CR, this is a complete, waterfront restaurant offering that combines established operation with attached residential space.
The restaurant sits on 280 feet of lake frontage on Lake Koshkonong and is described as having sunset views. In addition to the dining space, the property includes an attached private residence with one bedroom, an updated bathroom, and a spacious walk-in closet, providing convenient on-site living for owner occupancy or management.
Zoned CR, this is a complete, waterfront restaurant offering that combines established operation with attached residential space.
Key Highlights
- 280 feet of lake frontage on Lake Koshkonong
- New pier for easy docking and lakeside dining
- Attached private residence with 1 bedroom, an updated bathroom, and a spacious walk‑in closet
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
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
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
FAQs
What type of property is this?
Conventional restaurant - Turnkey supper club with 280 feet of lake frontage, indoor dining with fireplace, and an attached owner residence.
Where is this conventional restaurant located?
The property is located at 11802 N Charley Bluff Road 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: 280 feet of lake frontage on Lake Koshkonong; New pier for easy docking and lakeside dining; Attached private residence with 1 bedroom, an updated bathroom, and a spacious walk‑in closet
