Restaurant with Owner
For Sale
$684,900
8803 Hwy 47, Minocqua, WI 54568
A full basement and garage provide additional space for inventory, equipment, and storage.
Property Size1,596 SF
Price / SF$429.14
Days on Market8
Property Features for 8803 Hwy 47
General Information
Standard status
Active
Size
1,596 SF
Property subtype
Business Opportunity
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Equipment Included
Yes
Amenities
full basement
garage
on-site living quarters
Listing Agency:
RE/MAX PROPERTY PROS - MINOCQUA
Listed By:
Denise Goldsworthy Team · License #42202
(715) 891-0921
Source:
Dreamnorthre
Added: Sep 29
Changed: Oct 6
Last Checked: Oct 4 at 7:05AM
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 RE/MAX PROPERTY PROS - MINOCQUA
Investment Insights
Based on property information with market context.
This restaurant property includes a fully equipped operating space, on-site living quarters, a full basement, and a garage. The 1,596-square-foot building is configured for seasonal peak demand and includes areas for storing inventory and equipment. Living quarters offer an on-site residential component for the business operation.
The property sits at the corner of Highway 47 and County Road J in Minocqua, Wisconsin, along a route serving area lakes. The restaurant has operated seasonally for 30 years and serves ice cream, French fries, and Vienna Beef hot dogs. Updated equipment, an operations manual, and transition support are included.
The property sits at the corner of Highway 47 and County Road J in Minocqua, Wisconsin, along a route serving area lakes. The restaurant has operated seasonally for 30 years and serves ice cream, French fries, and Vienna Beef hot dogs. Updated equipment, an operations manual, and transition support are included.
Key Highlights
- 1,596‑square‑foot restaurant building
- Corner location at Highway 47 and County Road J
- On‑site living quarters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,986
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,720
$419.7K
Cap Rate 7%
$299,800
$299.8K
Cap Rate 9%
$233,178
$233.2K
Market Conditions
NOI Build-Up for 1,596 SF
Gross rent
$28.7K $18.00/SF
− Vacancy
−$747 −$0.47/SF
EGI
$28.0K $17.53/SF
− OpEx
−$7.0K −$4.38/SF
NOI
$21.0K $13.15/SF
Area
Oneida County, WI
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,720
Cap Rate 7%
$299,800
Cap Rate 9%
$233,178
Alternative Uses
Best Use
Specialty Retail
$299.8K
$262.3K – $349.8K
NOI $20,986 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$747.0K
$653.6K – $871.5K
NOI $52,290 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54568, WI
5,175
Population
3,855
Households
1.3
Avg Household Size
55
Median Age
36%
College-Educated
96%
High-School Grad
71.2 sq mi
ZIP Area
73
Density / Sq Mi
$71,944
Median Household Income
$45,337
Median Earnings
$791
Median Rent
$262,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A full basement and garage provide additional space for inventory, equipment, and storage.
Where is this conventional restaurant located?
The property is located at 8803 Hwy 47 Minocqua, WI.
What is the asking price?
The asking price for this property is $684,900.
What are key features of this property?
This property features: 1,596‑square‑foot restaurant building; Corner location at Highway 47 and County Road J; On‑site living quarters
