287 State Hwy Bancroft, WI 54921
This exceptional commercial property in Bancroft, WI, presents a rare opportunity to acquire a thriving, established bar and restaurant on over 10 acres of land. Boasting 9,902 square feet of space, this turnkey operation has enjoyed 20 years of consistent success, generating multiple revenue streams. The full-service kitchen and busy bar are complemented by a robust event booking schedule and thriving recreational leagues (softball, pool, volleyball, horseshoes, and darts), ensuring steady year-round traffic. Its strategic location on State Highway 73, minutes from I-39, and proximity to local snowmobile and ATV/UTV routes further enhances its appeal. A newly constructed 24' x 45' pavilion and event hall are ideal for weddings, graduations, and other large gatherings, with bookings extending into 2025. The business benefits from the nearby Ponderosa Pines Campground (MLS #22405055), providing a constant stream of customers. Adding to its diverse income potential is a two-pump gas station offering three grades of gasoline and diesel fuel. Built from the ground up, this well-maintained property offers significant growth potential and is priced at $925,000. The seller will consider land contracts. This is an unparalleled opportunity for an investor or owner-operator to capitalize on a profitable, community-driven business.
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
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.