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

    8085 Hwy Minocqua, WI 54548

    For Sale
    $1,499,000

    Profitable Bowling Alley & Lounge - Hwy 51

    Property size:
    15,624 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional business opportunity presents Island City Lanes & Lounge, a well-established bowling center with a full-service lounge and restaurant. Located on Highway 51 in Minocqua, Wisconsin, this mixed-use property boasts 15,624 square feet on a 1.65-acre lot. The facility features 12 synthetic bowling lanes, a spacious sports bar ideal for attracting patrons during sporting events, and a dedicated game room for children. The property benefits from a strong local clientele, consistent seasonal tourist traffic, and eight established bowling leagues. Additional amenities include a large parking lot, fiber optic internet access, a 16' x 24' storage garage, city sewer and water services, and natural gas. The property also features a prominent Island City Lanes Smart Sign on Highway 51, ensuring high visibility. Financial records reflect an excellent business with strong performance. This turnkey operation is offered at $1,499,000, representing a price per square foot of $95.94. The property has two listed addresses: 8085 U.S. Hwy 51, Minocqua, WI 54548 and 8085 State Hwy 70 E, Saint Germain, WI 54558. This is a rare opportunity to acquire a thriving business with significant growth potential in a desirable Wisconsin location.

    Property Features for 8085 Hwy

    General Information

    Property type
    Mixed-use properties
    Square Feet
    15,624 SF
    Lot Size
    71,874 SF

    Building Details

    Buildings
    1

    HighLights

    • $1,499,000 asking price.
    • Established bowling alley, lounge, and restaurant business for sale.
    • 15,624 square feet on a 1.65‑acre lot.
    • Located on Hwy 51 in Minocqua, WI, with strong local and tourist traffic.
    • Features 12 synthetic bowling lanes, a large sports bar, game room, and ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Minocqua
    County
    Oneida
    State
    Wisconsin
    Longitude
    -89.704779
    Latitude
    45.8550477

    Nearby Similar for Sale

    • $674,500
      1.17 Acres

      Prime Office Space in Minocqua

      Commercial property with offices, conference room, kitchen, garage, and accessibility.
      9559 Bolger Lake Rd, Minocqua, WI 54548
      View Details
    • $4,950,000
      1.04 Acres

      Waterfront Resort Investment Opportunity

      Unique commercial investment opportunity on Lake Minocqua with redevelopment potential.
      317 Park Ave E, Minocqua, WI 54548
      View Details
    • $1,449,000
      1.65 Acres

      Established Bowling Center with Lounge

      Bowling center, lounge, and restaurant on Hwy 51 in Minocqua, WI.
      8085 Hwy, Minocqua, WI 54548
      View Details
    • $274,900
      0.37 Acres

      Minocqua Fourplex Investment Opportunity

      Fourplex in Minocqua, WI, offering diverse floorplans and income potential.
      9503 Cory Ln, Minocqua, WI 54548
      View Details
    • $249,000
      0.14 Acres

      Downtown Minocqua Island Commercial Property

      Versatile commercial property in prime downtown location with income potential.
      321 E Front St, Minocqua, WI 54548
      View Details
    • $599,000
      0.82 Acres

      Minocqua Mixed-Use Commercial/Residential Opportunity

      Commercial/residential property near downtown Minocqua with lake frontage and rental potential.
      8135 Hwy, Minocqua, WI 54548
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Profitable Bowling Alley & Lounge - Hwy 51
    Where is this mixed-use property located?
    The property is located at 8085 Hwy Minocqua, WI.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: $1,499,000 asking price.; Established bowling alley, lounge, and restaurant business for sale.; 15,624 square feet on a 1.65-acre lot.
    Request Owner's contact information
    8085 Hwy Minocqua, WI 54548
    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.
    8085 Hwy
    Minocqua, WI 54548
    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
    8085 Hwy Minocqua, WI 54548
    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.