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Property profile & analytics
OFF-MARKET
Commercial real estate

W3408 Hwy Rio, WI 53960

3,072 SF 1.06 ac lot Built 1945
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Year built 1945
Total area 3,072 SF
Lot 1.06 ac (46,174 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
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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