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Restaurant with Commercial Kitchen
For Sale
$249,900

201 Main St E, Ashland, WI 54806

Corner restaurant includes booths, bar, a commercial kitchen, and dedicated upper-level office plus basement storage.

Property Size2,064 SF
Days on Market52

Property Features for 201 Main St E

General Information

Standard status Active
Size 2,064 SF
Property subtype Business

Additional Details

Business Included Yes

Taxes and HOA fees

Annual Taxes $2,198

Amenities

courtyard

Building Details

Building Size 2,064 SF
Year Built 1890
Listing Agency: Anthony Jennings & Crew Real Estate LLC
Listed By: Anthony I Jennings · License #4468390
Source: Visionsfirstrealty
Added: Jul 22 Changed: Aug 19 Last Checked: Sep 10 at 5:13AM

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 Anthony Jennings & Crew Real Estate LLC

Investment Insights

Based on property information with market context.

Second Street Bistro is a restaurant property with a built-out dining layout featuring a wall of high-backed booths, a corner window seat, and a bar. The side courtyard supports outdoor dining, and the sale includes signature entree recipes along with training from the current owners if desired.

Within the last five years, updates include a new roof, fresh paint, all new flooring, and high-grade commercial kitchen flooring. The property also features a convenient upper-level office and a full basement for storage.

The restaurant is located on the corner of Second Street and Main Street, just down from Lake Superior in Ashland.

Key Highlights

  • Corner restaurant on Second Street and Main Street in the heart of Ashland, set just down from Lake Superior
  • Dining area with a wall of high backed booths plus a bar and a coveted corner window seat
  • Commercial kitchen with high grade commercial kitchen flooring installed within the last five years

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Real Estate Agency Auto Parts Store Kitchen & Bath Showroom 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

683
Businesses Nearby
71k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 46% Shops & Services 30% Groceries 24%
Super One Foods Groceries
17,234 visits/mo 0.2 miles
McDonald's Dining
15,826 visits/mo 0.3 miles
Kwik Trip Shops & Services
13,910 visits/mo 0.3 miles
Arby's Dining
6,905 visits/mo 0.4 miles
Little Caesars Pizza Dining
6,444 visits/mo 0.4 miles

Demographics for 54806, WI

11,492
Population
5,599
Households
2.1
Avg Household Size
42
Median Age
25%
College-Educated
96%
High-School Grad
288.9 sq mi
ZIP Area
40
Density / Sq Mi
$59,556
Median Household Income
$37,388
Median Earnings
$709
Median Rent
$172,900
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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Corner restaurant includes booths, bar, a commercial kitchen, and dedicated upper-level office plus basement storage.
Where is this conventional restaurant located?
The property is located at 201 Main St E Ashland, WI.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Corner restaurant on Second Street and Main Street in the heart of Ashland, set just down from Lake Superior; Dining area with a wall of high backed booths plus a bar and a coveted corner window seat; Commercial kitchen with high grade commercial kitchen flooring installed within the last five years
More about this property
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