Restaurant and Bar with
For Sale
Contact for pricing
Pending
501 Broad St, Lake Geneva, WI 53147
Turn-key restaurant and bar offering 80-person seating, with three apartments above that are currently booked.
Property SizeContact for details
Days on Market149
Property Features for 501 Broad St
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Business Included
Yes
Multifamily Units
3
Listing Agency:
Melges Real Estate, Llc
Listed By:
Hans Melges · License #WI 90-58290
(262) 745-3755
Source:
Crexi
Added: Apr 11
Changed: Aug 26
Last Checked: Sep 1 at 11:07AM
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 Melges Real Estate, Llc
Investment Insights
Based on property information with market context.
Medusa Grill & Bistro is a well-established restaurant and bar opportunity with a turn-key operation. The business has been highly regarded in Lake Geneva for the past 10 years and offers an 80-person seating capacity.
The property also includes three apartments above the restaurant and bar. Those units have a five-star rental record and are currently booked for the next three months.
Situated at 501 Broad St, this is a larger building designed to support both dining service below and residential income above.
The property also includes three apartments above the restaurant and bar. Those units have a five-star rental record and are currently booked for the next three months.
Situated at 501 Broad St, this is a larger building designed to support both dining service below and residential income above.
Key Highlights
- Turn‑key restaurant and bar with 80‑person seating capacity
- Well‑established Medusa Grill & Bistro in Lake Geneva for the past 10 years
- Building includes three apartments above the restaurant/bar
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
971
Businesses Nearby
138k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 36%
Kwik Trip
Shops & Services
27,270 visits/mo
0.3 miles
McDonald's
Dining
23,884 visits/mo
0.4 miles
Culver's
Dining
23,332 visits/mo
0.5 miles
Egg Harbor Cafe
Dining
9,379 visits/mo
0.2 miles
Starbucks
Dining
7,757 visits/mo
0.2 miles
Demographics for 53147, WI
17,859
Population
11,455
Households
1.6
Avg Household Size
47
Median Age
40%
College-Educated
93%
High-School Grad
69.8 sq mi
ZIP Area
256
Density / Sq Mi
$83,018
Median Household Income
$45,399
Median Earnings
$1,277
Median Rent
$337,000
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 - Turn-key restaurant and bar offering 80-person seating, with three apartments above that are currently booked.
Where is this conventional restaurant located?
The property is located at 501 Broad St Lake Geneva, WI.
What are key features of this property?
This property features: Turn‑key restaurant and bar with 80‑person seating capacity; Well‑established Medusa Grill & Bistro in Lake Geneva for the past 10 years; Building includes three apartments above the restaurant/bar
