16021 Hwy Hayward, WI 54843

Property Details for 16021 Hwy

Lot size

9.60 lot acres

Property size

2,040 SF

Property type

Commercial real estate

Description

This exceptional commercial property in Hayward, Wisconsin, presents a unique investment opportunity. Located on Highway 27, the 2,040 square foot building boasts over 1,000 feet of highway frontage and sits on a spacious 9.6-acre lot. Currently operating as a successful restaurant, the property features a cozy atmosphere with a wood-burning stove, bar seating for twelve, and ample dining space for fifty-two patrons. Recent updates include new lighting, flooring, a point-of-sale system, and coolers. The restaurant's menu focuses on popular Northwoods cuisine, including a Friday fish fry, ensuring a loyal customer base and consistent revenue. A substantial blacktop parking lot accommodates over forty vehicles, supplemented by additional gravel parking. The property also includes a detached garage and a storage shed, providing ample storage space. A significant advantage is the building's rear space, previously used as residential quarters, which could be easily converted back into a one-bedroom owner's suite. This versatile property offers immense potential for continued restaurant operation or a variety of alternative business ventures, making it an attractive investment in a desirable Northwoods location. The asking price is $450,000.