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    OFF-MARKET
    Commercial real estate

    N12808 Northway Dr, Athelstane, WI 54104

    4,127 SF 0.52 ac lot Built 1920
    Property ID
    Property summary
    AI-generated overview

    This exceptional 4,127 square foot commercial property located at N12808 NORTHWAY DRIVE, Athelstane, WI, presents a unique investment opportunity. Situated on a 0.52-acre lot, this well-established supper club is renowned for its prime rib and diverse menu, attracting a loyal customer base. The property is being offered at $475,000 and represents a turnkey operation, ready for immediate ownership. Meticulously maintained with numerous recent updates, the transition for a new owner will be seamless. The business boasts a strong reputation and history within the community, offering not just a profitable venture but also the chance to continue a cherished local tradition. This is a rare chance to acquire a thriving restaurant with a proven track record in a desirable location. The property's size and established clientele make it an attractive proposition for experienced restaurateurs or those seeking a profitable, established business. All necessary equipment and infrastructure are in place, ensuring a smooth and efficient start for the new owner. The opportunity to own and operate this well-regarded supper club is truly exceptional. This is a chance to step into a ready-made success story and continue building upon its legacy.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1920
    Total area 4,127 SF
    Lot 0.52 ac (22,651 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Nimrod Inn Bar & Supper Club Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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