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    4919 State Hwy, Unit 144 Butler, WI 53007

    For Sale
    $2,000,000

    Turnkey restaurant/bar on Big Cedar Lake with strong revenue.

    Property size:
    10,000 SF
    Lot size:
    2.12 Acres

    Property Features for 4919 State Hwy

    General Information

    Zoning
    Comercial
    Size
    10,000 SF
    Lot size
    2.12 Acres

    Building Details

    Year built
    1950

    Source: Judy Hearst Agent Judy Hearst

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

    Overview

    Iconic Lakefront Restaurant and Bar

    This 10,000 square foot property is a fully remodeled, turnkey, multi-revenue lakefront restaurant and bar with a strong reputation and views of Big Cedar Lake. Situated on over 170 feet of west shoreline, the property captures the essence of lakeside dining and entertainment. The business hosts year-round events and is a proven draw for locals and out-of-town guests. It features a 40-seat bar with lake views, a 120-seat dining room, and a private banquet hall that can accommodate up to 300 guests. Revenue is diversified and steady, derived from weddings and private rentals, live music nights, special event hosting, 170 feet of shoreline with 3 piers, and legal onsite gaming entertainment. The business has a 4.7-star Google rating, an active social media following, and deep local roots. The sale includes the building and 2.12 acres of lakefront property. The property has ample parking and lake visibility. Located on the west shore of Big Cedar Lake in the Kettle Moraine area, the property has over 170 feet of Big Cedar Lake frontage, 3 piers, and 16 slips. Big Cedar Lake is the largest lake in Washington County, spanning over 900 acres with a depth over 100 feet.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Map

    City
    Butler
    County
    Waukesha
    State
    Wisconsin
    Longitude
    -88.0711
    Latitude
    43.1081

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    FAQs

    What type of property is this?
    Restaurant - Turnkey restaurant/bar on Big Cedar Lake with strong revenue.
    Where is this restaurant located?
    The property is located at 4919 State Hwy, Unit 144 Butler, WI.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Rare, fully remodeled turnkey lakefront restaurant/bar on Big Cedar Lake with a stellar reputation and unmatched views.; - Diversified and steady revenue streams from restaurant/bar, weddings, private rentals, live music, special events, shoreline access, and legal onsite gaming.; - **170 feet of highly desirable west-facing shoreline** on Big Cedar Lake.
    (414) 702-2064
    Request Owner's contact information
    4919 State Hwy, Unit 144 Butler, WI 53007
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    Butler, WI 53007
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    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
    4919 State Hwy, Unit 144 Butler, WI 53007
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