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2029 Old Peshtigo Rd Marinette, WI 54143

OFF-MARKET Commercial real estate Google Maps
10,752 SF 1.59 ac lot Built 1997
Estimated value
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Property ID

Property summary

AI-generated overview

This exceptional commercial property presents a unique investment opportunity in Marinette, WI. Spanning 10,752 square feet on a 1.59-acre lot, this well-established business boasts a rich history, having operated successfully for over 25 years. The restaurant features a substantial seating capacity of 227, providing ample space for patrons. A significant highlight is the German-built bar, a historical element dating back to 1903, adding character and charm to the establishment. The on-site brewery, constructed in 2018, utilizes a steam system capable of producing approximately 1,500 barrels annually. Extensive cold storage is available, including a walk-in cooler for beer, an outdoor keg cooler, a walk-in freezer, and a large walk-in cooler for food storage. The sale includes all existing inventory, furniture, kitchen equipment, beer labels, recipes, and trademarks, ensuring a seamless transition for the new owner. This turnkey operation offers immense potential for continued success and expansion. The property comprises two parcels: #251-00599.003 within the City of Marinette and #024-00997.001 in the Town of Peshtigo. Priced at $1,750,000, this is a rare chance to acquire a thriving, multifaceted business with significant assets and established brand recognition.

Property profile

Verified
Property type Commercial real estate
Year built 1997
Total area 10,752 SF
Lot 1.59 ac (69,260 SF)

Cap rate & NOI

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Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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