Restaurant with Lake
For Sale
$999,999
W3496 County Road W, Malone, WI 53049
The supper club offers steak, seafood, and Friday fish fry service overlooking Lake Winnebago.
Property Size2,595 SF
Price / SF$385.36
Days on Market644
Property Features for W3496 County Road W
General Information
Standard status
Active
Size
2,595 SF
Total Parking Spaces
44
Property subtype
Commercial
Zoning
Residential
Additional Details
Business Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$8,400
Building Details
Building Size
2,595 SF
Year Built
1970
Listing Agency:
Adashun Jones Real Estate
(920) 923-4433
Listed By:
Kevin Jones · License #91833299
(920) 251-6748
Source:
Defererealestate
Added: Jan 24, 2025
Changed: Oct 29
Last Checked: Oct 29 at 8:16PM
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 Adashun Jones Real Estate
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Investment Insights
Based on property information with market context.
Jim & Linda's Lakeview Supper Club is a restaurant on Lake Winnebago, with dining that looks out over the water. Its menu includes prime rib, steaks, king crab, lobster, and Friday fish fry. The business serves more than 30,000 plates annually, and its history, menu, and patronage are identified as transferring to a new owner upon sale.
The property is at W3496 County Road W in Malone, Wisconsin. It was built in 1970 and is zoned Residential.
The property is at W3496 County Road W in Malone, Wisconsin. It was built in 1970 and is zoned Residential.
Key Highlights
- More than 30,000 plates served annually
- Restaurant overlooking Lake Winnebago
- Menu includes prime rib, steaks, king crab, lobster, and Friday fish fry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,561
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,220
$671.2K
Cap Rate 7%
$479,443
$479.4K
Cap Rate 9%
$372,900
$372.9K
Market Conditions
NOI Build-Up for 2,595 SF
Gross rent
$46.7K $18.00/SF
− Vacancy
−$2.0K −$0.76/SF
EGI
$44.7K $17.24/SF
− OpEx
−$11.2K −$4.31/SF
NOI
$33.6K $12.93/SF
Area
Fond du Lac County, WI
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,220
Cap Rate 7%
$479,443
Cap Rate 9%
$372,900
Alternative Uses
Best Use
Specialty Retail
$479.4K
$419.5K – $559.4K
NOI $33,561 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.50M
$2.19M – $2.92M
NOI $175,038 @ 7.0% cap · market cap 17.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 53049, WI
2,536
Population
1,099
Households
2.3
Avg Household Size
48
Median Age
25%
College-Educated
97%
High-School Grad
38.2 sq mi
ZIP Area
66
Density / Sq Mi
$84,449
Median Household Income
$48,500
Median Earnings
$489
Median Rent
$270,900
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The supper club offers steak, seafood, and Friday fish fry service overlooking Lake Winnebago.
Where is this conventional restaurant located?
The property is located at W3496 County Road W Malone, WI.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: More than 30,000 plates served annually; Restaurant overlooking Lake Winnebago; Menu includes prime rib, steaks, king crab, lobster, and Friday fish fry
