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Bar & Grill with Banquet Hall
For Sale
$399,000

784 N LAKE AVE, Phillips, WI 54555

CommercialSale, Phillips, WI

Property SizeContact for details
Lot Size0.72 Acres
Days on Market156

Property Features for 784 N LAKE AVE

General Information

Property type Commercial Sale
Property subtype Other
Bedrooms 2
Bathrooms 4
Full bathrooms 1
Half bathrooms 3
Rooms Bathroom 1, Bathroom 4, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 3
Parking features Driveway
Lot features Views
View Water
Directions From Downtown Phillips N on Hwy 13/Lake Ave N to property on L
Standard status Active
APN 272-10610700025458
Lot size 0.72 Acres

Additional Details

Business Included Yes

Taxes and HOA fees

Tax Year 2025
Tax Description KIMBALL'S ADDITION TO PHILLIPS LOTS 11-12 & PRT OF LT 13 7-37-1E PRT OF GOVT LOT 5 PCL DESC IN DOC 398048
Tax Annual Amount 6704
Legal Description KIMBALL'S ADDITION TO PHILLIPS LOTS 11-12 & PRT OF LT 13 7-37-1E PRT OF GOVT LOT 5 PCL DESC IN DOC 398048

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Cooling system Central Air
Water source Public

Building Details

Floors in Building 1
Flooring type Tile, Carpet, Mixed, Vinyl
Building materials Frame, WoodSiding
Roof type Shingle, Composition
Additional Structures Outbuilding
Listing Agency: RE/MAX NEW HORIZONS REALTY LLC · RE/MAX International
Listed By: KATHLEEN LOCHNER · License #89938 - 94
Added: May 21 Changed: Oct 23 Last Checked: Oct 23 at 10:06PM
MLS# 217323

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.

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Investment Insights

Based on property information with market context.

The bar and grill property at 784 N Lake Ave in Phillips, Wisconsin, occupies 0.717 acres along Highway 13. Its customer areas include a dining room, horseshoe bar, and banquet hall with seating for up to 100 guests. Recent property updates include a roof, flooring, and some furniture. The commercial kitchen comes with operating equipment, prep space, a walk-in cooler and freezer, a dishwashing area, and storage.

A detached apartment has two bedrooms, one bathroom, and a garage. Customer parking is available on the property. The building also has central air, natural gas heat, and public water and sewer.

Key Highlights

  • Banquet hall seats up to 100 guests
  • Commercial kitchen includes equipment, prep space, walk‑in cooler and freezer, dishwashing area, and storage
  • Detached 2‑bedroom, 1‑bath apartment with garage

Property Analytics

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Current Use

Bars & Pubs

Suggested Use

Top Pick Plumbing Service Big Box & Wholesale Store Auto Repair Shop Building Supply (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

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
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

166
Businesses Nearby
Well-served
Demand for This Use

Demographics for 54555, WI

4,887
Population
3,553
Households
1.4
Avg Household Size
52
Median Age
23%
College-Educated
95%
High-School Grad
364.2 sq mi
ZIP Area
13
Density / Sq Mi
$58,613
Median Household Income
$38,094
Median Earnings
$836
Median Rent
$172,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Similar Off Market Nearby

  • Meister's Bar & Grill — 152 N Lk Ave, Phillips, WI 54555
  • The Badger’s Den Sports Bar and Grill — W7104 County Hwy W, Phillips, WI 54555
  • Northern Lights — 163 N Lk Ave, Phillips, WI 54555
  • Harbor View at the Lake — 1094 N Lk Ave, Phillips, WI 54555

Frequently Asked Questions

What type of property is this?
Bar & Pub - A detached two-bedroom apartment with a garage accompanies the restaurant and provides a separate residential component.
Where is this bar & pub located?
The property is located at 784 N LAKE AVE Phillips, WI.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Banquet hall seats up to 100 guests; Commercial kitchen includes equipment, prep space, walk‑in cooler and freezer, dishwashing area, and storage; Detached 2‑bedroom, 1‑bath apartment with garage
More about this property
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