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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2102-2108 State Hwy Richfield, WI 53076

8,396 SF 1.42 ac lot Built 2022
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2022
Total area 8,396 SF
Lot 1.42 ac (61,855 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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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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