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    28747 Lake Dr Waterford, WI 53185

    For Sale
    $899,000

    Established Restaurant, 6469 SF, Ample Parking

    Property size:
    6,469 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional restaurant property, located at 28747 N Lake Dr in Waterford, Wisconsin, presents a lucrative investment opportunity. Boasting 6,469 square feet of space, this single-story, 2007-built establishment sits on a one-acre lot and is zoned B1. The property includes a well-maintained interior featuring a private party room, a full-service bar, and a fully equipped commercial kitchen with all appliances included. The ample parking lot provides 50 spaces for patrons' convenience. Its prime location near Tichigan Lake contributes to its popularity and strong potential for continued success. The building is in excellent condition and has been well-maintained. The current annual property taxes are $8,208.20. This is a triple net (NNN) lease property. The property's location in Racine County, Wisconsin, with a zip code of 53185, offers easy access to local amenities and a thriving community. This turnkey operation is ready for a new owner to step in and continue its success. The property features a single building on a one-acre lot, offering significant potential for expansion or further development. This is a rare opportunity to acquire a well-established, profitable restaurant in a desirable location. The asking price for this exceptional property is $899,000.

    Property Features for 28747 Lake Dr

    General Information

    Property type
    Restaurants
    Square Feet
    6,469 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    2007
    Buildings
    1
    Stories
    1

    HighLights

    • Established restaurant near Tichigan Lake with strong local following.
    • Features a private party room, bar, and fully equipped kitchen.
    • Commercial kitchen equipment included in the sale.
    • Offers ample on‑site parking.
    • Annual property taxes: $8,208.20
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Cruise Pizza Restaurant

    Suggested Use

    Realty agency Restaurant Building Supply Auto Repair Shop Wholesale Shop Auto Parts Store Kitchen & Bath HVAC Service Storage Facility Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    Racine
    State
    Wisconsin
    Longitude
    -88.20785599
    Latitude
    42.82885049

    Nearby Comparable

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    • $750,000

      Prime Commercial Land Opportunity

      0.5 acre site ideal for quick serve restaurant.
      W Loomis Rd & Milwaukee Ave, Wind Lake, WI
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    Nearby Similar for Sale

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      Waterford Commercial Building - Prime Location

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      28747 Lake Dr, Waterford, WI 53185
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    • $1,500,000
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      Milwaukee Street Flex Space Investment

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, 6469 SF, Ample Parking
    Where is this restaurant located?
    The property is located at 28747 Lake Dr Waterford, WI.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Established restaurant near Tichigan Lake with strong local following.; Features a private party room, bar, and fully equipped kitchen.; Commercial kitchen equipment included in the sale.
    Request Owner's contact information
    28747 Lake Dr Waterford, WI 53185
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    Waterford, WI 53185
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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
    28747 Lake Dr Waterford, WI 53185
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