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Property profile & analytics
OFF-MARKET
Mixed-use properties

8085 Hwy Minocqua, WI 54548

15,624 SF 1.65 ac lot
Property ID
Property summary
AI-generated overview

This exceptional business opportunity presents Island City Lanes & Lounge, a well-established bowling center with a full-service lounge and restaurant. Located on Highway 51 in Minocqua, Wisconsin, this mixed-use property boasts 15,624 square feet on a 1.65-acre lot. The facility features 12 synthetic bowling lanes, a spacious sports bar ideal for attracting patrons during sporting events, and a dedicated game room for children. The property benefits from a strong local clientele, consistent seasonal tourist traffic, and eight established bowling leagues. Additional amenities include a large parking lot, fiber optic internet access, a 16' x 24' storage garage, city sewer and water services, and natural gas. The property also features a prominent Island City Lanes Smart Sign on Highway 51, ensuring high visibility. Financial records reflect an excellent business with strong performance. This turnkey operation is offered at $1,499,000, representing a price per square foot of $95.94. The property has two listed addresses: 8085 U.S. Hwy 51, Minocqua, WI 54548 and 8085 State Hwy 70 E, Saint Germain, WI 54558. This is a rare opportunity to acquire a thriving business with significant growth potential in a desirable Wisconsin location.

Property profile
Verified
Property type Mixed-use properties
Total area 15,624 SF
Lot 1.65 ac (71,874 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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