Current Use by Public Records
- Commercial real estate
Property Details for W3408 Hwy
- Year built
- 1945
- Lot size
- 1.06 lot acres
- Property type
- Commercial real estate
Description
This exceptional commercial property, located at W3408 Highway 16 in Rio, Wisconsin, presents a unique investment opportunity. The 3,072 square foot building sits on a 1.06-acre lot and houses the well-established Otsego Yacht Club, a thriving bar and restaurant. Known for its popular Friday Fish Fry, the business boasts a loyal customer base built over many years. The property's strategic location offers significant potential for continued growth and profitability. Recent renovations include updated flooring, ceilings, walls, coolers, tap lines, tables, and chairs, ensuring a modern and inviting atmosphere for patrons. Adding to its appeal, a snowmobile trail conveniently accesses the property from the rear, attracting additional clientele during the winter months. The business is currently operational, and showings are scheduled prior to daily business hours to minimize disruption. This turnkey operation offers a rare chance to acquire a profitable, established business with significant upside potential in a desirable location. The asking price is $420,000. This is an exceptional opportunity for an experienced restaurateur or investor seeking a well-maintained, high-traffic commercial property with a proven track record. The property's combination of a successful business model, prime location, and recent renovations makes it an attractive investment with strong potential for long-term success.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rio
- County
- COLUMBIA
- State
- Wisconsin
- Longitude
- -89.1708
- Latitude
- 43.4061
