W3408 Hwy Rio, WI 53960
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.
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.