8085 Hwy Minocqua, WI 54548
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.
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
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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.