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Restaurant and Bar with Beer Garden
For Sale
Under Contract
$279,900

1391N HWY 182, Sherman, WI 54552

CommercialSale, Sherman, WI

Property SizeContact for details
Lot Size2.10 Acres
Days on Market140

Property Features for 1391N HWY 182

General Information

Property type Commercial Sale
Property subtype Other
Parking features Driveway
Lot features Level, Open Space
Directions From Mercer - HWY 51 south 3.5 miles to RIGHT on HWY 47. Go 3.8 miles to RIGHT on HWY 182. Go 10.6 miles to 1391N at corner of Flowage Rd & HWY 182.
Standard status Active Under Contract
APN 0571-0000
Lot size 2.10 Acres

Additional Details

Currently Operating Yes

Taxes and HOA fees

Tax Year 2025
Tax Description Part of SW SW North of Hwy 182 & Part of SE SE & Part of NE SE in Sec 18 T41N, R3E
Tax Annual Amount 3677
Legal Description Part of SW SW North of Hwy 182 & Part of SE SE & Part of NE SE in Sec 18 T41N, R3E

Utilities

Heating system Propane (Heating), Hot Water(Heating)
Cooling system Window Unit(s)
Water source Well

Building Details

Year built 1936
Floors in Building 1
Flooring type Carpet, Wood
Building materials Frame
Roof type Composition, Shingle
Listing Agency: RE/MAX ACTION NORTHWOODS REALTY, LLC · RE/MAX International
Listed By: KATHY TUTT · License #38780 - 90
Added: Jun 18 Changed: Oct 27 Last Checked: Nov 4 at 4:06AM
MLS# 217934

Copyright © 2026 Greater Northwoods MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

Built in 1936, this restaurant and bar occupies a 2.1-acre parcel at the junction of Hwy 182 and Flowage Rd. The bar has a horseshoe configuration and connects to two game rooms and an outdoor beer garden. A wood-paneled dining room seats approximately 45 and features a cathedral ceiling, exposed beams, and a stone fireplace. The commercial kitchen is equipped with an Ansul fire suppression system, two deep fryers, a six-burner range with double oven and griddle, a chicken broaster, refrigerated prep tables, and refrigeration and freezer units.

Two cabins accompany the restaurant: one unfinished three-bedroom cabin and one one-bedroom cabin, both with covered porches. The property also includes two garages. It sits along two snowmobile trails and near the Turtle-Flambeau Flowage and nearby boat landings.

Key Highlights

  • 2.1‑acre property at Hwy 182 and Flowage Rd
  • Restaurant and bar building dates to 1936; dining room seats approximately 45
  • Bar, two game rooms, and outdoor beer garden

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Storage Facility Bed & Breakfast Restaurant Bar & Pub Hotel & Motel

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

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

3
Businesses Nearby
Well-served
Demand for This Use

Demographics for 54552, WI

4,381
Population
3,602
Households
1.2
Avg Household Size
54
Median Age
15%
College-Educated
93%
High-School Grad
360.3 sq mi
ZIP Area
12
Density / Sq Mi
$58,389
Median Household Income
$42,773
Median Earnings
$882
Median Rent
$127,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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 wood-finished dining room, two game rooms, and two cabins add hospitality space beyond the bar.
Where is this conventional restaurant located?
The property is located at 1391N HWY 182 Sherman, WI.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: 2.1‑acre property at Hwy 182 and Flowage Rd; Restaurant and bar building dates to 1936; dining room seats approximately 45; Bar, two game rooms, and outdoor beer garden
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