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Property profile & analytics
OFF-MARKET Estimated value $735,000
Commercial real estate

106 Wolf Riv Ave New London, WI 54961-1469

0.99 ac lot
Entity Owned Free & Clear
Property ID
US92-3145342
Property summary
AI-generated overview

This exceptional investment opportunity presents the chance to acquire the fully operational Hilby's Restaurant & Sports Bar, complete with a 12-lane bowling alley. Located at 106 E Wolf River Avenue in New London, Wisconsin (54961-1469), this well-established business boasts a strong positive cash flow, serving hundreds of customers daily. The property includes a full bar with over 100 seats overlooking the bowling alley, which benefits from a loyal clientele. A new roof was installed in 1998. Additional features include a party/meeting room, multiple pool tables with established leagues, numerous game machines, and locker rooms with recently updated fire alarm and HVAC systems (2022). The sports bar, constructed in 2011, offers seating for 100+ patrons, with TVs strategically placed throughout. Further amenities include an additional party room, a smokers' lounge, and a fully equipped kitchen known for its excellent food and beverage offerings. Ample parking is available, with over 70 private spaces supplemented by ample street parking. The asking price for this turnkey operation is $1,100,000. Direct inquiries to the seller at the business location are discouraged. This is a rare chance to own a thriving, multifaceted entertainment venue in a supportive community.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.99 ac (43,299 SF)
APN 33 12 77164
UPID US92-3145342
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
Current use
Occupant on record · Public records
  • New London Lanes Inc Bowling Alley
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$545k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$735k
Owner & transaction history
Wral Properties LLC
Wral Properties LLC
since 2026
Last sale
$900,000
4 recorded transactions
2026
Price N/A
2026
$830,100
2025
$900,000
2025
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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