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Full-Service Restaurant
For Sale
$524,900

438 HWY 70, St Germain, WI 54519

COMMERCIAL - St Germain, WI

Property SizeContact for details
Lot Size1.00 Acres
Days on Market296

Property Features for 438 HWY 70

General Information

Property type Commercial Sale
Property subtype Other
Directions Hwy 70 West to 438 E. STH 70 on Right
Standard status Active
APN 24-2297-02,03,04
Lot size 1.00 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description UNIT 2,3,4 ELIASONS SOMEPLACE ELSE CONDO & 84% CE
Tax Annual Amount 1924
Legal Description UNIT 2,3,4 ELIASONS SOMEPLACE ELSE CONDO & 84% CE

Utilities

Sewer type Shared Septic
Heating system Natural Gas, Hot Water(Heating)
Water source Well

Building Details

Building materials Frame
Listing Agency: RE/MAX PROPERTY PROS - MINOCQUA · RE/MAX International
Listed By: DENISE GOLDSWORTHY TEAM · License #39293 - 90
Added: Oct 15, 2025 Changed: Aug 4 Last Checked: Aug 6 at 4:06AM
MLS# 214721

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.

Investment Insights

Based on property information with market context.

Knocker’s is a full-service restaurant available for purchase in downtown St. Germain. The property is described as a turnkey dining operation with an immaculate, fully equipped kitchen and numerous updates and improvements. The bar area includes seating for 56, and the dining room provides seating for approximately 100.

The restaurant is located in the Northwoods four-season recreation area, with easy access to snowmobile and biking trails. The building is frame construction and is heated with hot water and natural gas. On-site water is supplied by a well, and sewer service is provided via shared septic.

For buyers evaluating the business’s performance, the information provided cites a three-year average cap rate exceeding 30.0.

Key Highlights

  • Three‑year average cap rate exceeding 30.0
  • Immaculate, fully equipped kitchen plus numerous updates and improvements
  • Bar area seating for 56; dining room seating for approximately 100

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick HVAC Service Electrical Service Big Box & Wholesale Store Plumbing Service (Bike/Boat/Book/etc) Store Building Supply

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

13
Businesses Nearby
Well-served
Demand for This Use

Demographics for 54519, WI

1,285
Population
1,608
Households
0.8
Avg Household Size
57
Median Age
28%
College-Educated
94%
High-School Grad
85.4 sq mi
ZIP Area
15
Density / Sq Mi
$62,778
Median Household Income
$42,266
Median Earnings
$883
Median Rent
$242,100
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Full-service dining establishment with an immaculate, fully equipped kitchen and bar plus dining seating.
Where is this conventional restaurant located?
The property is located at 438 HWY 70 St Germain, WI.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: Three‑year average cap rate exceeding 30.0; Immaculate, fully equipped kitchen plus numerous updates and improvements; Bar area seating for 56; dining room seating for approximately 100
More about this property
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