Established Pizza
For Sale
$495,000
225 Us Highway 8, Turtle Lake, WI 54889
Fully equipped restaurant with commercial kitchen infrastructure, dining space, and an on-site manager’s office.
Property Size1,738 SF
Price / SF$284.81
Days on Market191
Property Features for 225 Us Highway 8
General Information
Standard status
Active
Size
1,738 SF
Restaurant
Seating Capacity
50
Equipment Included
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$3,193
Listing Agency:
Dane Arthur Real Estate Agency/Turtle Lake
(715) 986-4141
Listed By:
JoDee Peterson-Lochner
(715) 641-0152
Source:
Exprealty
Added: Apr 7
Changed: Oct 2
Last Checked: Oct 12 at 8:55PM
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 Dane Arthur Real Estate Agency/Turtle Lake
Investment Insights
Based on property information with market context.
This conventional restaurant property includes approximately 1,738 square feet configured for pizza production and customer dining. The sale includes commercial kitchen equipment, preparation stations, refrigeration, storage, a point-of-sale system, and dining furniture for 50 guests. A manager’s office supports day-to-day oversight of staff and inventory.
Operating for 18 years under two owners, the business is located along US Highway 8 in Turtle Lake, Wisconsin, within a vacation-oriented region of Northwest Wisconsin. Stabilized recipes are included with the sale, providing continuity for the established menu and operating model. The property is suited to an owner-operator or buyer seeking an existing restaurant business with its primary equipment and operational components in place.
Operating for 18 years under two owners, the business is located along US Highway 8 in Turtle Lake, Wisconsin, within a vacation-oriented region of Northwest Wisconsin. Stabilized recipes are included with the sale, providing continuity for the established menu and operating model. The property is suited to an owner-operator or buyer seeking an existing restaurant business with its primary equipment and operational components in place.
Key Highlights
- Approximately 1,738 SF restaurant space
- Operating history of 18 years under two owners
- Dining area with seating for 50 guests
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,235
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,700
$304.7K
Cap Rate 7%
$217,643
$217.6K
Cap Rate 9%
$169,278
$169.3K
Market Conditions
NOI Build-Up for 1,738 SF
Gross rent
$20.9K $12.00/SF
− Vacancy
−$542 −$0.31/SF
EGI
$20.3K $11.69/SF
− OpEx
−$5.1K −$2.92/SF
NOI
$15.2K $8.77/SF
Area
Barron County, WI
Vacancy
2.60%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,700
Cap Rate 7%
$217,643
Cap Rate 9%
$169,278
Alternative Uses
Best Use
Specialty Retail
$217.6K
$190.4K – $253.9K
NOI $15,235 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.40M
$1.22M – $1.63M
NOI $97,751 @ 7.0% cap · market cap 19.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54889, WI
2,800
Population
1,812
Households
1.5
Avg Household Size
48
Median Age
23%
College-Educated
94%
High-School Grad
73.5 sq mi
ZIP Area
38
Density / Sq Mi
$71,951
Median Household Income
$41,973
Median Earnings
$872
Median Rent
$230,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped restaurant with commercial kitchen infrastructure, dining space, and an on-site manager’s office.
Where is this conventional restaurant located?
The property is located at 225 Us Highway 8 Turtle Lake, WI.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Approximately 1,738 SF restaurant space; Operating history of 18 years under two owners; Dining area with seating for 50 guests
