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    Established Restaurant in Land O Lakes Title is generated by Realmo AI

    4187 CTH B, Land O Lakes, WI 54540

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    Claim this Listing
    For Sale
    $399,900

    COMMERCIAL - Land O Lakes, WI

    Lot size:
    0.39 Acres
    Added:
    Feb 24, 2026
    Days on Market:
    81
    Last Refresh:
    May 16 at 3:06 am

    Property Features for 4187 CTH B

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Standard status
    Active
    APN
    12-2449
    Lot size
    0.39 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PRT GOVT LOT 3
    Tax Annual Amount
    2624

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Forced Air
    Cooling system
    Window Unit(s), Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Vinyl, Carpet
    Building materials
    Brick, Frame, Masonry, WoodSiding
    Roof type
    Rubber

    We can help!

    Listing Contact
    GARY GOSKA

    Listing agent GARY GOSKA License #9186 - 90

    Listing office ELIASON REALTY - LAND O LAKES 4228 Hwy B P.O. Box 335, Land O' Lakes, WI

    Listing date Feb 24, 2026

    MLS# 215854

    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.

    HighLights

    • Established business with local and seasonal clientele providing year‑round income.
    • Well‑maintained building with a fully equipped kitchen and dining area, seating 66 guests.
    • Abundant parking on two lots.
    • Recent updates: roof, walk‑in freezer & cooler (4 yrs), kitchen equipment, dining area AC (3 yrs), and 20x30 metal storage.
    • Prime location in downtown Land O Lakes, close to trails and golf course.
    • Turnkey establishment open 7 days a week.

    Overview

    This established business, situated in downtown Land O Lakes, Wisconsin, presents a turnkey opportunity. The well-maintained building features a fully equipped kitchen and dining area with seating for 66 guests. The property includes two lots, providing ample parking. Recent updates include a roof (4 years old), walk-in freezer and cooler (4 years old), kitchen equipment updated over the last 8 years, a dining area air conditioner (3 years old), and a 20x30 metal storage structure. The location offers proximity to hiking, biking, ATV, and snowmobile trails, as well as a nearby golf course. The business benefits from both local and seasonal clientele, providing year-round revenue. An additional 44 ft gooseneck food trailer with 36 ft enclosed kitchen is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Spa & Massage Center Hair Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Land O Lakes
    County
    Vilas
    State
    Wisconsin
    Longitude
    -89.2139111
    Latitude
    46.1613661

    Nearby Similar for Sale

    • $499,000
      3,000 SF

      Land O Lakes Commercial Building

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    • $115,000

      Pine Cone Express Food Trailer

      44 ft gooseneck food trailer with enclosed kitchen.
      4187 A CTH B, Land O Lakes, WI 54540
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    • $329,500

      Land O' Lakes Business Opportunity

      Seasonal snack and ice cream shop in downtown Land O' Lakes.
      4299 CTH B, Land O Lakes, WI 54540
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    • $499,900
      2,224 SF

      Established Restaurant in Land O' Lakes

      Turnkey restaurant with loyal clientele and updated equipment for sale.
      4187 County Rd B, Land O' Lakes, WI 54540
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Turnkey restaurant opportunity with year-round business and updated equipment.
    Where is this conventional restaurant located?
    The property is located at 4187 CTH B Land O Lakes, WI.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Established business with local and seasonal clientele providing year‑round income.; **Well‑maintained building with a fully equipped kitchen and dining area, seating 66 guests.**; Abundant parking on two lots.
    (715) 547-3341
    We can help!
    Listing Contact
    GARY GOSKA
    Real Estate License ID: 9186 - 90
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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