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Restaurant with Lakeside Deck
For Sale
$325,000

W6041 Northern Lights Cir #1, Tomahawk, WI 54487

A dining room, cocktail bar and professional kitchen form the core of this established restaurant.

Property Size1,613 SF
Price / SF$201.49
Days on Market920

Property Features for W6041 Northern Lights Cir #1

General Information

Standard status Active
Size 1,613 SF
Property subtype Commercial

Additional Details

Business Included Yes
Patio Yes

Taxes and HOA fees

Annual Taxes $3,384

Amenities

Handicap Accessible

Building Details

Building Size 1,613 SF
Stories 1
Units 1
Listing Agency: Woodland Lakes Realty, LLC
Listed By: Chris Raasch · License #56928 - 90
Source: Birchlandrealty
Added: Apr 17, 2024 Changed: Oct 22 Last Checked: Oct 22 at 2:14PM

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 Woodland Lakes Realty, LLC

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Investment Insights

Based on property information with market context.

This 1,613-square-foot restaurant in Tomahawk, Wisconsin, includes a bar with seating for 20, a dining area for up to 50 guests, and a kitchen designed for food preparation. An outdoor deck provides additional seasonal seating for up to 20 and overlooks Clear Lake.

A full basement is used for storage and houses extra freezers, a commercial ice maker, mechanical equipment and a secured bar inventory room. Large egress windows and an exterior door are also present.

Key Highlights

  • Dining area accommodates up to 50 guests
  • Bar seating for 20 with a view of Clear Lake
  • Outdoor deck seats up to 20 in warmer months

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Storage Facility Grocery & Convenience Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

5
Businesses Nearby
Well-served
Demand for This Use

Demographics for 54487, WI

9,750
Population
7,200
Households
1.4
Avg Household Size
53
Median Age
23%
College-Educated
93%
High-School Grad
290.6 sq mi
ZIP Area
34
Density / Sq Mi
$76,712
Median Household Income
$45,830
Median Earnings
$612
Median Rent
$223,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - A dining room, cocktail bar and professional kitchen form the core of this established restaurant.
Where is this conventional restaurant located?
The property is located at W6041 Northern Lights Cir #1 Tomahawk, WI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Dining area accommodates up to 50 guests; Bar seating for 20 with a view of Clear Lake; Outdoor deck seats up to 20 in warmer months
More about this property
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