Restaurant with Owner’s
For Sale
$899,000
1765 Superior St, Three Lakes, WI 54562
Dining space and a full-service bar are paired with an updated apartment for on-site living.
Property Size5,965 SF
Price / SF$150.71
Days on Market11
Property Features for 1765 Superior St
General Information
Standard status
Active
Size
5,965 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$5,565
Building Details
Building Size
5,965 SF
Year Built
1920
Listing Agency:
Re/Max Property Pros
(715) 480-4333
Listed By:
Julie Winter-Paez (Jwp Group) · License #5679690
(715) 891-1236
Source:
Integrityrealtorsllc
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 29 at 10:03PM
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 Re/Max Property Pros
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Investment Insights
Based on property information with market context.
Black Forest Pub is a restaurant and bar at 1765 Superior St in Three Lakes, Wisconsin. The 5,965-square-foot property dates to 1920 and includes a dining room, a full-service bar, and an updated apartment with one bedroom and one bathroom.
The property is in Three Lakes, with access to the Chain of Lakes and area snowmobile trails. Its existing restaurant, bar, and residential components provide a mix of customer-facing and on-site living space.
The property is in Three Lakes, with access to the Chain of Lakes and area snowmobile trails. Its existing restaurant, bar, and residential components provide a mix of customer-facing and on-site living space.
Key Highlights
- 5,965‑square‑foot restaurant and bar property
- Dining room and full‑service bar
- Updated on‑site apartment with 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,434
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,568,680
$1.6M
Cap Rate 7%
$1,120,486
$1.1M
Cap Rate 9%
$871,489
$871.5K
Market Conditions
NOI Build-Up for 5,965 SF
Gross rent
$107.4K $18.00/SF
− Vacancy
−$2.8K −$0.47/SF
EGI
$104.6K $17.53/SF
− OpEx
−$26.1K −$4.38/SF
NOI
$78.4K $13.15/SF
Area
Oneida County, WI
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,568,680
Cap Rate 7%
$1,120,486
Cap Rate 9%
$871,489
Alternative Uses
Best Use
Specialty Retail
$1.12M
$980.4K – $1.31M
NOI $78,434 @ 7.0% cap · market cap 8.72%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$2.79M
$2.44M – $3.26M
NOI $195,433 @ 7.0% cap · market cap 21.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
8k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Dining 16%
Shell
Shops & Services
4,541 visits/mo
0.1 miles
Dollar General
Shops & Services
2,267 visits/mo
0.3 miles
Deja Brew
Dining
1,265 visits/mo
0.2 miles
Demographics for 54562, WI
2,093
Population
2,878
Households
0.7
Avg Household Size
57
Median Age
39%
College-Educated
98%
High-School Grad
144.4 sq mi
ZIP Area
14
Density / Sq Mi
$67,875
Median Household Income
$34,722
Median Earnings
$964
Median Rent
$291,800
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Dining space and a full-service bar are paired with an updated apartment for on-site living.
Where is this conventional restaurant located?
The property is located at 1765 Superior St Three Lakes, WI.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 5,965‑square‑foot restaurant and bar property; Dining room and full‑service bar; Updated on‑site apartment with 1 bedroom and 1 bathroom
