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    8416 Co Rd Alvin, WI 54542

    For Sale
    $349,900

    Established bar, turnkey opportunity. High traffic location.

    Property size:
    3,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This profitable, established bar and grill, "The Habit Bar & Grill," presents a unique turnkey ownership opportunity. Located in Alvin, Wisconsin, at 8416 Co Rd A, this 3,200 square foot property sits on a spacious 4.83-acre lot, perfectly positioned near popular ATV and snowmobile trails, ensuring a consistent flow of both local and tourist clientele. The building, constructed in 2003, boasts a spacious interior encompassing a well-appointed bar area, a comfortable dining room, a fully equipped kitchen, and a separate heated smoking area, catering to diverse customer preferences. Ample parking is available for 100 vehicles, complemented by a premium gas pump, adding further convenience and revenue potential. The property also includes a substantial lower level offering extensive storage, including a walk-in cooler, freezer, and refrigerator, enhancing operational efficiency. Currently operating at 100% occupancy, with the lease expiring on October 3rd, 2024, this is an owner/user investment opportunity. The property is zoned commercial and features a single story building. The asking price is $349,900, translating to $109.34 per square foot. The land value alone is $1.57 per square foot. This exceptional property offers a blend of established business success and significant growth potential.

    Property Features for 8416 Co Rd

    General Information

    Property type
    Restaurants
    Square Feet
    3,200 SF
    Lot Size
    210,395 SF

    Building Details

    Year Built
    2003
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $349,900 asking price for this established bar and restaurant in Alvin, WI.
    • 3,200 square foot retail building on a 4.83‑acre lot.
    • 100% occupancy with an occupancy date of October 3, 2024.
    • Features a bar, dining room, full kitchen, heated smoking area, ample parking (100 spaces), and a premium gas pump.
    • Includes a walk‑in cooler, freezer, and refrigerator.
    • Located near popular ATV and snowmobile trails, attracting both locals and tourists.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Map

    City
    Alvin
    County
    Forest
    State
    Wisconsin
    Longitude
    -88.8495793
    Latitude
    46.0251052

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    FAQs

    What type of property is this?
    Restaurant - Established bar, turnkey opportunity. High traffic location.
    Where is this restaurant located?
    The property is located at 8416 Co Rd Alvin, WI.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: $349,900 asking price for this established bar and restaurant in Alvin, WI.; 3,200 square foot retail building on a 4.83-acre lot.; 100% occupancy with an occupancy date of October 3, 2024.
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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
    8416 Co Rd Alvin, WI 54542
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