Supper Club Restaurant
1950 River Rd Wisconsin Dells, WI 53965
1950 River Rd, Wisconsin Dells, WI, 53965
$1,500,000
For Sale
$1,500,000
24.62-acre site includes an operating supper club and steakhouse, generating annual income while plans are developed.
Property Size3,300 SF
Lot Size24.62 Acres
Price / SF$454.55
Days on Market13
Property Features for 1950 River Rd
General Information
- Standard status
- Active
- Size
- 3,300 SF
- Lot size
- 24.62 Acres
Listing agency
LandGuys, LLC of WI
(608) 341-8953
Listed by
Luke Fillback · License #11432694
(608) 341-8953
Source
Exprealty
Added: Jul 10 Updated: Jul 22 at 11:27AM Checked: Jul 22 at 11:27AM
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 LandGuys, LLC of WI
Investment Insights
Based on property information with market context.
This 24.62-acre property is offered as a blank-canvas site with an existing operating restaurant: Rubb’s Supper Club & Steakhouse. The property is described as already producing annual income of $45,000, providing flexibility for a buyer or developer while future plans are finalized. The existing operation includes a full liquor bar and features such as a fully stocked salad bar, homemade soups, hand-crafted cocktails, and a full bar.
The property is located along River Road, minutes from the heart of Wisconsin Dells, and is described as tucked away from the main tourist drag.
The current restaurant presence offers an established, revenue-generating base, with the added acreage supporting further development and build-out plans subject to permitting.
The property is located along River Road, minutes from the heart of Wisconsin Dells, and is described as tucked away from the main tourist drag.
The current restaurant presence offers an established, revenue-generating base, with the added acreage supporting further development and build-out plans subject to permitting.
Key Highlights
- 24.62‑acre River Road site minutes from Wisconsin Dells
- Includes an operating Rubb's Supper Club & Steakhouse on‑site
- Current operation generates $45,000 in annual income
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.4k | $18.00 |
| − Vacancy | −$2.7k | −$0.81 |
| EGI | $56.7k | $17.19 |
| − OpEx | −$14.2k | −$4.30 |
| NOI | $42.5k | $12.89 |
3,300 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$607.8K
$531.8K – $709.1K
NOI $42,545 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$741.4K
$648.7K – $865.0K
NOI $51,897 @ 7.0% cap · market cap 3.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rubbs Supper Club/Steakhouse
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - 24.62-acre site includes an operating supper club and steakhouse, generating annual income while plans are developed.
Where is this conventional restaurant located?
The property is located at 1950 River Rd Wisconsin Dells, WI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 24.62‑acre River Road site minutes from Wisconsin Dells; Includes an operating Rubb's Supper Club & Steakhouse on‑site; Current operation generates $45,000 in annual income
