106 Wolf Riv Ave New London, WI 54961-1469
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.
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New London Lanes Inc Bowling Alley
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.