Covered Patio Triple Net
For Sale
$1,250,000
8700 HWY 51, Minocqua, WI 54548
COMMERCIAL - Minocqua, WI
Property SizeContact for details
Lot Size1.61 Acres
Days on Market365
Property Features for 8700 HWY 51
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Half bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Parking features
Driveway, Special Needs
Exterior features
HandicapAccessible, SprinklerIrrigation
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
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
Mixed, Tile
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: Aug 4
Last Checked: Aug 5 at 11:06AM
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.
Investment Insights
Based on property information with market context.
This triple net leased restaurant has operated under its current tenant, El Tarasco Restaurant, since 2018. The building was newly constructed in 2010 and is set up with spacious dining and kitchen areas plus a covered patio for outdoor dining. The property includes full liquor license with the property and offers ample paved parking with 59+ spots. Handicap accessible features include an accessible approach with ramp, and the exterior includes sprinkler irrigation.
The site is located at the stop light intersection of US Hwy 51 N and State Hwy 70 W, on one of Minocqua’s busiest corridors with 18,100+ vehicles per day at this intersection. It is adjacent to Minocqua’s only Kwik-Trip and neighbors Starbucks, Taco Bell, McDonalds, Lakeland Union High School, hospitals, and other complementary businesses.
The property totals 1.61 acres between two parcels and offers nearly 250' of US Hwy 51 N frontage. Building systems include forced air heating with natural gas and central air conditioning, with public water and public sewer services.
The site is located at the stop light intersection of US Hwy 51 N and State Hwy 70 W, on one of Minocqua’s busiest corridors with 18,100+ vehicles per day at this intersection. It is adjacent to Minocqua’s only Kwik-Trip and neighbors Starbucks, Taco Bell, McDonalds, Lakeland Union High School, hospitals, and other complementary businesses.
The property totals 1.61 acres between two parcels and offers nearly 250' of US Hwy 51 N frontage. Building systems include forced air heating with natural gas and central air conditioning, with public water and public sewer services.
Key Highlights
- 18,100+ vehicles per day at the US Hwy 51 N and State Hwy 70 W stop light intersection
- Nearly 250' of US Hwy 51 N frontage
- 59+ paved parking spaces
Property Analytics
Property Profile
Current Use
Lease Details
18,100 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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 - Triple net leased restaurant with a covered patio and 59+ paved parking spaces at a major US Hwy 51 intersection.
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: 18,100+ vehicles per day at the US Hwy 51 N and State Hwy 70 W stop light intersection; Nearly 250' of US Hwy 51 N frontage; 59+ paved parking spaces
