Restaurant Building with Covered
For Sale
$1,250,000
8700 HWY 51, Minocqua, WI 54548
CommercialSale, Minocqua, WI
Property SizeContact for details
Lot Size1.61 Acres
Days on Market456
Property Features for 8700 HWY 51
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Half bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bathroom 2
Parking features
Special Needs, Driveway
Exterior features
HandicapAccessible, IrrigationSprinklers
Accessibility
Accessible Approach with Ramp
Lot features
Level
Directions
From Minocqua, North on US Highway 51 to State Hwy 70 W intersection and Property on Right (El Tarascao Restaurant, next to Kwik Trip)
Standard status
Active
APN
MI-2170-2A, MI-2171-14
Lot size
1.61 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
Doc 654606/654605 PT NW NE & SW NE 1.62SA NKA LOT 1 CSM V17 P3787 and Outlot 1 (CSM 481)
Tax Annual Amount
6638
Legal Description
Doc 654606/654605 PT NW NE & SW NE 1.62SA NKA LOT 1 CSM V17 P3787 and Outlot 1 (CSM 481)
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2010
Floors in Building
1
Flooring type
Tile, Mixed
Building materials
Frame, Stucco
Roof type
Tile, Rubber
Listing Agency:
REDMAN REALTY GROUP, LLC
(715) 358-0450
Listed By:
ADAM REDMAN · License #56355 - 90
(715) 892-7325
Added: Aug 6, 2025
Changed: Oct 25
Last Checked: Nov 4 at 4:06AM
MLS# 213665
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2010, this restaurant property includes generous dining and kitchen areas and a covered patio for outdoor service. The existing restaurant tenant has occupied the building since 2018 under a triple-net lease. A full liquor license is included with the property, along with paved parking for 59+ vehicles. The site spans 1.61 acres across two parcels and has public water and sewer service.
The property sits at the signalized junction of US Hwy 51 N and State Hwy 70 W, where traffic is reported at 18,100+ vehicles per day. It offers nearly 250 feet of frontage on US Hwy 51 N. Nearby businesses and institutions include Minocqua’s only Kwik Trip, Starbucks, Taco Bell, McDonald’s, Lakeland Union High School, and hospitals.
The property sits at the signalized junction of US Hwy 51 N and State Hwy 70 W, where traffic is reported at 18,100+ vehicles per day. It offers nearly 250 feet of frontage on US Hwy 51 N. Nearby businesses and institutions include Minocqua’s only Kwik Trip, Starbucks, Taco Bell, McDonald’s, Lakeland Union High School, and hospitals.
Key Highlights
- Restaurant building constructed in 2010
- Existing tenant in place since 2018 on a triple‑net lease
- 1.61 acres across two parcels
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
18,100 VPD
Traffic count
Yes
Highway access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
94k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 51%
Shops & Services 49%
Kwik Trip
Shops & Services
35,003 visits/mo
0.0 miles
McDonald's
Dining
16,966 visits/mo
0.1 miles
Starbucks
Dining
10,699 visits/mo
0.0 miles
Taco Bell
Dining
7,956 visits/mo
0.1 miles
Associated Bank
Shops & Services
5,447 visits/mo
0.1 miles
Demographics for 54548, WI
5,406
Population
5,096
Households
1.1
Avg Household Size
56
Median Age
36%
College-Educated
96%
High-School Grad
99.0 sq mi
ZIP Area
55
Density / Sq Mi
$69,784
Median Household Income
$42,378
Median Earnings
$935
Median Rent
$307,700
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?
Conventional restaurant - The building combines spacious dining and kitchen areas with an additional covered outdoor dining space.
Where is this conventional restaurant located?
The property is located at 8700 HWY 51 Minocqua, WI.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Restaurant building constructed in 2010; Existing tenant in place since 2018 on a triple‑net lease; 1.61 acres across two parcels
