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    8265 Main St Presque Isle, WI 54557

    Sponsored
    For Sale
    $329,900

    Established Restaurant, 2023 sq ft, WI

    Property size:
    2,023 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This established Presque Isle restaurant, located at 8265 Main St, offers a turnkey opportunity for a new owner. Boasting 2,023 square feet of space on a 0.34-acre lot, this property includes a spacious bar and grill, ample dining area, and a fully equipped kitchen. The inviting atmosphere is complemented by a large outdoor deck and expansive backyard, perfect for outdoor seating. The building features a full basement with two 200-amp services, two furnaces, and central air conditioning. Conveniently situated on Main Street, this location provides direct access to snowmobile and UTV trails, and is close to numerous fishing lakes and walleye ponds. The property includes 20 parking spaces and is zoned for commercial use. Built in 1970, this restaurant has a proven track record of success for over 30 years, making it an attractive investment opportunity. The private well and natural gas fuel sources add to the property's operational efficiency. The irregular lot shape adds to the unique character of this well-established business. This is a rare chance to acquire a thriving Northwoods business with significant potential for continued growth. The asking price is $329,900, with a price per square foot of $163. The APN is 22-1265.

    Property Features for 8265 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    2,023 SF
    Lot Size
    14,810 SF

    Building Details

    Year Built
    1970

    HighLights

    • $329,900 asking price for this 2,023 SF restaurant.
    • Located at 8265 Main St, Presque Isle, WI 54557, this retail property sits on a 0.34‑acre lot.
    • Features include 20 parking spaces and a private well.
    • Utitilizes natural gas and is zoned commercial.
    • Privately owned with a full basement, two 200‑amp services, two furnaces, and central air.
    Property Profile Location Intelligence

    Current Use by Public Records

    P I Yacht ... Bar

    Suggested Use

    Realty agency Restaurant Building Supply Nail Salon Grocery Store Electrical Service Computer & Electronic Repair Tech Support Center Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Presque Isle
    County
    Vilas
    State
    Wisconsin
    Longitude
    -89.7292634
    Latitude
    46.2461578

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    FAQs

    What type of property is this?
    Restaurant - Established Restaurant, 2023 sq ft, WI
    Where is this restaurant located?
    The property is located at 8265 Main St Presque Isle, WI.
    What is the asking price?
    The asking price for this property is $329,900.
    What are key features of this property?
    This property features: $329,900 asking price for this 2,023 SF restaurant.; Located at 8265 Main St, Presque Isle, WI 54557, this retail property sits on a 0.34-acre lot.; Features include 20 parking spaces and a private well.
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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
    8265 Main St Presque Isle, WI 54557
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