Current Use by Public Records
- Mixed-use properties
Property Details for 8085 Hwy
- Lot size
- 1.65 lot acres
- Property type
- Mixed-use properties
- Property subtype
- Hospitality properties
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Minocqua
- County
- Oneida
- State
- Wisconsin
- Longitude
- -89.7048
- Latitude
- 45.855
