16021 Hwy Hayward, WI 54843
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.