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Multi-Use Entertainment and Dining Building
For Sale
$250,000

68290 MAIN ST, Iron River, WI 54847

Four income-producing spaces under one roof, including a 6-lane bowling alley, bar area, restaurant, and 2-bedroom apartment.

Property Size11,040 SF
Price / SF$22.64
Days on Market302

Property Features for 68290 MAIN ST

General Information

Standard status Active
Size 11,040 SF
Property subtype General Commercial

Taxes and HOA fees

Annual Taxes $5,831

Amenities

Central Air
3
Carpet
Commercial
0.0 to .499
Listing Agency: Woodland Developments & Realty
Listed By: Jeremy Mavis · License #6063590
Source: Xome
Added: Oct 14, 2025 Changed: Aug 7 Last Checked: Aug 11 at 4:48AM

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 Woodland Developments & Realty

Investment Insights

Based on property information with market context.

This versatile commercial building offers multiple income-producing spaces under one roof. The main level includes a 6-lane bowling alley spanning nearly 4,500 square feet. Adjacent space features a 3,500 square foot bar area with gaming tables, a stage for live entertainment, and plenty of seating. A separate 1,500+ square foot restaurant area includes a fully equipped commercial kitchen. Upstairs, there is a spacious 1,500+ square foot apartment with two bedrooms, 1.5 baths, and an open living area.

The property is located on a corner lot in downtown Iron River, Wisconsin, positioned on US Hwy 2 and Main Street for visibility and straightforward access. An attached 32x56 garage with three overhead doors provides additional storage, parking, or workspace options. City water and sewer services and natural gas service are available on site.

The layout supports a combined owner-operator or multi-use setup, with distinct entertainment, dining, and residential components within the same building.

Key Highlights

  • 11,040 sq ft commercial building in downtown Iron River, WI on the corner of US Hwy 2 and Main Street (Commercial zoning).
  • Four income‑producing spaces under one roof: nearly 4,500 sq ft 6‑lane bowling alley.
  • 3,500 sq ft bar area with gaming tables, a stage for live entertainment, and plenty of seating.

Property Analytics

Current Use

The 300 Grill Restaurant JBO's Bowling * Bar ... Bar & Pub

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Dental Office Grocery & Convenience Store (Bike/Boat/Book/etc) Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

153
Businesses Nearby

Demographics for 54847, WI

2,483
Population
2,176
Households
1.1
Avg Household Size
54
Median Age
31%
College-Educated
95%
High-School Grad
191.6 sq mi
ZIP Area
13
Density / Sq Mi
$67,946
Median Household Income
$44,243
Median Earnings
$890
Median Rent
$253,900
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
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Frequently Asked Questions

What type of property is this?
Bowling alley - Four income-producing spaces under one roof, including a 6-lane bowling alley, bar area, restaurant, and 2-bedroom apartment.
Where is this bowling alley located?
The property is located at 68290 MAIN ST Iron River, WI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 11,040 sq ft commercial building in downtown Iron River, WI on the corner of US Hwy 2 and Main Street (Commercial zoning).; Four income‑producing spaces under one roof: nearly 4,500 sq ft 6‑lane bowling alley.; 3,500 sq ft bar area with gaming tables, a stage for live entertainment, and plenty of seating.
More about this property
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