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    408 State Rd Hatley, WI 54440

    For Sale
    $349,500

    Established Bar/Restaurant, High Potential

    Property size:
    5,118 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Hatley, Wisconsin commercial property, located at 408 State Rd, presents a lucrative investment opportunity. The 5,118 square foot building sits on a 1.12-acre lot (APN 13628103020954) and is zoned for commercial use. Built in 1960, the property features four entry doors and impressive 7-15 foot ceilings. Currently operating under a triple net lease (NNN) with multiple tenants, the property boasts a 20% occupancy rate. The sale includes the established business name, all equipment, a liquor license, signage, and furniture. The restaurant's seating capacity is substantial, with 77 seats in the main dining room, 24 at the bar, and an additional 16 in a waiting area. A 14-foot hood and all necessary kitchen equipment are included. The property is conveniently located across from Riiser Station. While the restaurant portion is currently vacant, a tenant occupies a portion of the building, offering immediate income potential and the opportunity to increase net operating income (NOI) through full occupancy and business operation. This turnkey operation is priced at $349,500 and presents a rare chance to acquire a well-established business with significant upside. The property's prime location and extensive features make it an ideal investment for experienced restaurateurs or savvy investors seeking a strong return.

    Property Features for 408 State Rd

    General Information

    Property type
    Restaurants
    Square Feet
    5,118 SF
    Lot Size
    48,787 SF

    Building Details

    Year Built
    1960
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Building Supply Wholesale Shop Auto Repair Shop Food Market Storage Facility HVAC Service Bar & Pub Grocery Store Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hatley
    County
    Marathon
    State
    Wisconsin
    Longitude
    -89.33672114685
    Latitude
    44.881818100634

    Nearby Comparable

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      Hatley Restaurant - Turnkey Opportunity

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    Nearby Similar for Sale

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      Hatley Restaurant - Turnkey Opportunity

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    • $125,000
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      Hatley Commercial Property - Huge Potential

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    FAQs

    What type of property is this?
    Restaurant - Established Bar/Restaurant, High Potential
    Where is this restaurant located?
    The property is located at 408 State Rd Hatley, WI.
    What is the asking price?
    The asking price for this property is $349,500.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    408 State Rd Hatley, WI 54440
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