Building Details

Year Built 1963

Listing Agency: Real Broker LLC l***@gmail.com Show Phone

Listed By: Sean Levitt · License #58425-90

Source: Nikolicgroup

Added: Jul 15 Changed: Aug 29 Last Checked: Aug 31 at 7:15PM

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Investment Insights

Based on property information with market context.

The 13,702-square-foot commercial property was built in 1963 and occupies 3.57 acres in Elkhorn, Wisconsin. Its restaurant-oriented layout includes a bar, dining room, and a 350-person banquet area with its own entrance. A partial basement adds additional building space.

Positioned at 720 N Wisconsin St near Hwy 67 and Hwy 12, the property includes 197 parking spaces and carries B-2 zoning. The existing configuration provides a substantial footprint for continued restaurant and event use or a future redevelopment plan.

Key Highlights

• 13,702‑square‑foot commercial building on 3.57 acres
• 350‑person banquet area with a separate entrance
• Restaurant layout includes a bar and dining room

Property Analytics

Property Profile

Current Use

Sperino's Monte Carlo ... Wedding Service Sperino's Restaurant

Suggested Use

Top Pick Real Estate Agency Grocery & Convenience Store Garden Center (Bike/Boat/Book/etc) Store Food Market Skin Care Clinic

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

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

220

Businesses Nearby

7k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 80% Shops & Services 20%

Taco Bell Dining

5,713 visits/mo 0.4 miles

Super Wash Shops & Services

1,440 visits/mo 0.3 miles

Demographics for 53121, WI

19,222

Population

8,397

Households

2.3

Avg Household Size

42

Median Age

33%

College-Educated

94%

High-School Grad

114.4 sq mi

ZIP Area

168

Density / Sq Mi

$83,635

Median Household Income

$45,112

Median Earnings

$1,031

Median Rent

$287,900

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

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - B-2-zoned property with separate banquet access, a partial basement, and substantial on-site parking.

Where is this conventional restaurant located?

The property is located at 720 N Wisconsin St Elkhorn, WI.

What is the lease rate?

The lease rate is $1,567,000.

What are key features of this property?

This property features: 13,702‑square‑foot commercial building on 3.57 acres; 350‑person banquet area with a separate entrance; Restaurant layout includes a bar and dining room