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
    The Largest CRE Database in the US with Over 1 Million Listings

    15850 T-Bone Ln Hayward, WI 54843

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,700,000

    Established restaurant, lodge, and event venue in Hayward, Wisconsin.

    Lot size:
    4.76 Acres

    Property Features for 15850 T-Bone Ln

    General Information

    Standard status
    Active
    Lot size
    4.76 Acres

    We can help!

    Listing Contact
    Kari Francois
    Source: Exprealty

    Listing Agency: lpt realty, llc Listing Agent: Kari Francois

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

    Learn more

    Overview

    Turnkey Restaurant, Lodge & Event Venue

    This established business opportunity features a restaurant, lodge, and event venue. The property is known for its welcoming atmosphere, food, and service. The spacious dining room and full bar accommodate everyday meals, weddings, private parties, and special events. A 16-room lodge is located a short walk from the main building, offering overnight accommodations. This turnkey property is located in Hayward, WI.
    Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Hayward
    County
    Sawyer
    State
    Wisconsin
    Longitude
    -91.2627
    Latitude
    46.0387

    Nearby Similar for Sale

    • $199,900
      1,500 SF

      Established Bar & Pizza Restaurant

      Popular bar and pizza restaurant with living area in Hayward.
      W904 Hwy, Hayward, WI 54843
      View Details
    • $2,230,000
      Pending

      Turn-Key Resort on Nelson Lake

      Fully operational year-round resort with bar, restaurant, RV park.
      13045 N Dam Rd, Hayward, WI 54843
      View Details
    • $599,999
      9,540 SF

      Hayward Retail Building on Highway

      Two-story retail building with frontage on Hwy 27 in Hayward.
      9921 Hwy 27 N, Hayward, WI 54843
      View Details
    • $2,700,000
      16,140 SF

      Hayward Restaurant, Lodge & Venue

      Turnkey restaurant, lodge, and event venue in Hayward, Wisconsin.
      15850 T-Bone Ln, Hayward, WI 54843
      View Details
    • $199,900
      1,250 SF

      Hayward Storage Condos For Sale

      Upscale storage condos near Round Lake, Grindstone Lake, and Hayward.
      10195N County Highway K, Hayward, WI 54843
      View Details
    • $299,000
      2,064 SF

      Vintage Log Cabin Storefront

      Storefront with living quarters near lakes and vacation homes.
      14293 W County Hwy, Hayward, WI 54843
      View Details
    • $239,900
      2,300 SF

      Hayward Tavern on Highway 77

      Well-established tavern with living quarters on 1.22 acres.
      10198 W State Hwy 77, Hayward, WI 54843
      View Details
    • $188,813
      922 SF

      Hayward Restaurant with Liquor License

      Turn-key diner with tiny house and liquor license near Hayward.
      10193 W State Hwy 77, Hayward, WI 54843
      View Details
    • $283,000
      3,000 SF

      Hayward Retail Property on Highway

      Retail property with high visibility and multiple access points.
      10331 State Hwy, Hayward, WI 54843
      View Details
    • $425,000

      Hayward Bar/Restaurant Business Opportunity

      Profitable bar and restaurant near Hayward's premiere lakes.
      14392 County Rd, Hayward, WI 54843
      View Details
    • $259,000

      Hayward Commercial Building on Dakota

      Commercial building on Dakota Ave with potential for multiple uses.
      10531 Dakota Ave, Hayward, WI 54843
      View Details
    • $2,700,000

      Turnkey Restaurant, Lodge & Event Venue

      Established restaurant, lodge, and event venue business opportunity for sale.
      15850 T-Bone Ln, Hayward, WI 54843
      View Details

    FAQs

    What type of property is this?
    Hotel - Established restaurant, lodge, and event venue in Hayward, Wisconsin.
    Where is this hotel located?
    The property is located at 15850 T-Bone Ln Hayward, WI.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: - Turnkey business opportunity: Restaurant, lodge, and event venue ready for new ownership.; - Well-established and locally loved business with a strong reputation.; - Combines dining, lodging, events, and catering in one location.
    (715) 977-1344
    Request Owner's contact information
    15850 T-Bone Ln Hayward, WI 54843
    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.
    15850 T-Bone Ln
    Hayward, WI 54843
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    15850 T-Bone Ln Hayward, WI 54843
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kari Francois
    (715) 977-1344
    Learn more
    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.