N2319 State Highway 13, Medford, WI 54451
This exceptional turnkey business opportunity presents a historic Wisconsin supper club, Phil & Eleanor's Steakhouse, situated just south of Medford on State Highway 13. The property boasts a substantial 2,752 square foot building situated on a 1.17-acre lot. The interior features a full bar complete with a mirrored and lighted oak bar back, a dining room with seating for 52 patrons, and two half bathrooms. A fully equipped commercial kitchen and prep area are included, ensuring a seamless transition for a new owner. The property also includes attached living quarters, comprising two or more bedrooms and one full bathroom, offering significant potential for future expansion and growth. A poured concrete basement provides ample storage space with existing shelving and houses the building's mechanical systems. The property's parking lot features a recently updated blacktop section, completed in 2023. All existing stock, equipment, and furnishings are included in the sale price, making this a truly turnkey operation ready for immediate occupancy. This is a rare opportunity to acquire an established and well-regarded business in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.