2102-2108 State Hwy Richfield, WI 53076
Exceptional opportunity to acquire the established Pleasant Hill Bar & Grill, a premier hospitality destination in Richfield, Wisconsin. This 8,396 square foot, single-story building, constructed and renovated in 2022, sits on a 1.42-acre lot and boasts 93 parking spaces, ensuring ample room for patrons. The property enjoys a prime location with high visibility, experiencing over 8,500,000 cars daily on State Highway 164. The interior features a state-of-the-art, air-conditioned kitchen and a substantial 30,000-gallon fire suppression system, prioritizing safety and efficiency. The expansive dining room, highlighted by high ceilings, a full bar, and large windows, is ideal for large gatherings and events. A separate bar area allows for simultaneous events and regular service. A sizable outdoor patio further expands the seating capacity. Upstairs, a bright, vaulted-ceiling space with a bathroom presents versatile potential for private parties, meetings, or specialized uses. Currently operating at 100% occupancy, this turnkey operation is offered at $1,500,000 ($178.66/sq ft) and is zoned for commercial use. The current owners are retiring, presenting a unique chance for a seamless transition. This is a rare opportunity to own a thriving business in a high-traffic location with significant growth potential. The property is fully compliant with all permitted zoning regulations. Occupancy is guaranteed until November 16, 2024.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.