Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    695 Us-2 Florence, WI 54121

    For Sale
    $699,900

    Established Restaurant, Turnkey Opportunity

    Property size:
    6,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This thriving restaurant, located at 695 US Hwy 2 in Florence, Wisconsin, presents a unique owner/user investment opportunity. The 6,300 square foot, two-story building, constructed in 2007, boasts a prime location on a busy highway with exceptional visibility and convenient access. The property sits on a 0.91-acre lot and includes 69 parking spaces. The restaurant features a main level with a bar, kitchen, and two dining areas, plus a lower level perfect for private events. Currently operating at 100% occupancy since October 27, 2022, this established business includes all necessary licenses, furniture, inventory, and equipment, making it a truly turnkey operation. The asking price is $699,900, translating to $111.10 per square foot. The property is zoned commercial and offers ample air rights (6,300 sq ft). This is a rare chance to acquire a well-established, profitable restaurant with significant potential for continued growth. The sale includes the building, land, and all existing business assets. This is a remarkable opportunity for an experienced restaurateur or a savvy investor seeking a high-return, established business. The property's strong performance and prime location make it an exceptional investment prospect.

    Property Features for 695 Us-2

    General Information

    Property type
    Restaurants
    Square Feet
    6,300 SF
    Lot Size
    39,640 SF

    Building Details

    Year Built/Renovated
    2007/2007
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • Turnkey restaurant opportunity in Florence, WI.
    • 6,300 SF, two‑story building on 0.91‑acre lot with 69 parking spaces.
    • Prime US Hwy 2 location with high visibility.
    • Built in 2007, currently 100% occupied since 10/27/2022.
    • Includes all FF&E, licenses, and inventory; asking price $699,900 ($111.10/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Florence
    County
    Florence
    State
    Wisconsin
    Longitude
    -88.089521465221
    Latitude
    45.876074556623

    Nearby Similar for Sale

    • $895,000
      15,400 SF

      Renovated Historic Commercial Building For Sale

      15,400 sq ft renovated commercial building with income potential.
      748 Central Ave, Florence, WI 54121
      View Details
    • $155,000
      4,030 SF

      Established Restaurant & Bar Opportunity

      Restaurant and bar with equipment, seating, and parking in Florence.
      508 Central Ave, Florence, WI 54121
      View Details
    • $1,500,000
      2.54 Acres

      Waterfront Land with Cottages

      Rare 2.5-acre waterfront parcel with cottages and sandy beach.
      1487 Town U, Florence, WI 54121
      View Details
    • $339,500
      6,720 SF

      Florence Commercial/Industrial Building For Sale

      Commercial/Industrial building with new overhead doors near Spread Eagle Chain.
      1505 Us Highway 2, Florence, WI 54121
      View Details
    • $699,900
      6,300 SF

      Iconic Restaurant Opportunity on US Hwy

      Well-established restaurant with loyal customer base on busy highway.
      695 Us2, Florence, WI 54121
      View Details
    • $195,000
      4,030 SF

      Established Florence Supper Club

      Turnkey Restaurant & Bar, 4000+ sq ft
      508 Central Ave, Florence, WI 54121
      View Details

    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, Turnkey Opportunity
    Where is this restaurant located?
    The property is located at 695 Us-2 Florence, WI.
    What is the asking price?
    The asking price for this property is $699,900.
    What are key features of this property?
    This property features: Turnkey restaurant opportunity in Florence, WI.; 6,300 SF, two-story building on 0.91-acre lot with 69 parking spaces.; Prime US Hwy 2 location with high visibility.
    Request Owner's contact information
    695 Us-2 Florence, WI 54121
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    695 Us-2
    Florence, WI 54121
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    695 Us-2 Florence, WI 54121
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.