Bowling Alley with Bar &
440 Industrial Avenue, Turtle Lake, WI 54889
For Sale
New
$1,199,000
The entertainment property combines synthetic lanes, food and beverage service, outdoor seating, volleyball courts and a smoke lounge.
Property Size11,800 SF
Price / SF$101.61
Days on Market7
Property Features for 440 Industrial Avenue
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Business Included
Highway Access
Patio
Currently Operating
Taxes and HOA fees
Annual Taxes
Amenities
Outdoor seating
Volleyball courts
Smoke lounge
Furnished
Handicap Access
Storage
Lighting
Building Details
Building Size
Year Built
Listing Agency:
Property Executives Realty
(715) 381-8297
Listed By:
Deanna Haselhuhn
(715) 641-2157
Source:
Birchlandrealty
Added: Nov 3
Changed: Nov 7
Last Checked: Nov 8 at 7:46PM
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 Property Executives Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2007, this bowling property includes 8 synthetic lanes alongside a bar and grill, outdoor seating, volleyball courts and a smoke lounge. The site encompasses nearly 5 acres and includes a parking area exceeding 30,000 square feet.
The property is on Industrial Avenue in Turtle Lake, along the Highway 8 and Highway 63 corridor. Its mix of bowling, food and beverage service, and outdoor recreation brings several entertainment components together at one location.
The property is on Industrial Avenue in Turtle Lake, along the Highway 8 and Highway 63 corridor. Its mix of bowling, food and beverage service, and outdoor recreation brings several entertainment components together at one location.
Key Highlights
- 8 synthetic bowling lanes
- Bar and grill, outdoor seating, volleyball courts and a smoke lounge
- Nearly 5 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,439
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,068,780
$2.1M
Cap Rate 7%
$1,477,700
$1.5M
Cap Rate 9%
$1,149,322
$1.1M
Market Conditions
NOI Build-Up for 11,800 SF
Gross rent
$141.6K $12.00/SF
− Vacancy
−$3.7K −$0.31/SF
EGI
$137.9K $11.69/SF
− OpEx
−$34.5K −$2.92/SF
NOI
$103.4K $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%
$2,068,780
Cap Rate 7%
$1,477,700
Cap Rate 9%
$1,149,322
Alternative Uses
Best Use
Specialty Retail
$1.48M
$1.29M – $1.72M
NOI $103,439 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$9.48M
$8.30M – $11.06M
NOI $663,669 @ 7.0% cap · market cap 55.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
57k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Dining 18%
Kwik Trip
Shops & Services
33,242 visits/mo
0.3 miles
McDonald's
Dining
10,361 visits/mo
0.2 miles
Dollar Tree
Shops & Services
4,844 visits/mo
0.2 miles
Cenex
Shops & Services
4,196 visits/mo
0.2 miles
BP
Shops & Services
4,041 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Bowling alley - The entertainment property combines synthetic lanes, food and beverage service, outdoor seating, volleyball courts and a smoke lounge.
Where is this bowling alley located?
The property is located at 440 Industrial Avenue Turtle Lake, WI.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 8 synthetic bowling lanes; Bar and grill, outdoor seating, volleyball courts and a smoke lounge; Nearly 5 acres
