13887 County Road Dl Merrimac, WI 53561
This exceptional property presents a unique investment opportunity in Merrimac, Wisconsin. The 6,000 square foot establishment, renovated in 2017, seamlessly blends historic charm with modern functionality. The main building, encompassing a former schoolhouse, chapel, jail, and cellar, is adjoined by new construction, creating a versatile space ideal for events and dining. A large, partially covered 2,500 square foot deck extends the usable area, offering an indoor/outdoor flow. The property boasts a fully equipped commercial kitchen, including three ovens, Hobart mixers, and a walk-in cooler. A fully operational bar with a Class B liquor license is also included. The venue features a projector, 13-foot screen, and a sound system, accommodating up to 250 guests in the main space and over 400 including all areas and the deck. The 2.68-acre lot provides ample space, including a large outdoor ceremony area surrounded by prairie flowers and bluff views. Seventy parking spaces are available, with additional grass parking. The property is zoned C - Recreation Commercial and includes an additional buildable parcel. The building is two stories high and is handicap accessible. This turnkey operation is situated near popular attractions, including Devil's Head Resort, Parfrey's Glen, and Lake Wisconsin, offering significant potential for growth and profitability. The asking price is $2,495,000.
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
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.