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Property profile & analytics
OFF-MARKET
Commercial real estate

12058 State Hwy 32 Suring, WI 54174-9780

Entity Owned 16-yr Hold ~ Est. High Equity
Property ID
US92-1356327
Property summary
AI-generated overview

This exceptional turnkey business opportunity encompasses a thriving bar and restaurant situated on a desirable 1.77-acre lot in Suring, Wisconsin. Boasting over 200 feet of frontage on Anderson Lake, the property offers unparalleled visibility and access to recreational activities. The establishment features a spacious layout, including a front bar with seating for 30 patrons, equipped with two fryers and a large grill for efficient bar service. A second bar area accommodates an additional 20 guests, while a large dining room comfortably seats 100, perfect for banquets and special events like Friday fish fries. The expansive commercial kitchen is fully equipped with a walk-in cooler, two fryers, a large grill, and ample prep space. Above the commercial space, a comfortable living area provides three bedrooms, one bathroom, a living room, kitchen, and dining room, all with stunning lake views. The property also includes a substantial 26 x 32 foot storage shed and a large gravel parking lot, conveniently located on the ATV/UTV and snowmobile trail. Recent improvements include a well replacement in 2021 and septic system update in 2016. The exterior features updated siding. This is a rare opportunity to acquire an established, profitable business with significant potential for growth in a picturesque lakeside setting. The 5,090 square foot building offers a unique blend of commercial and residential space, making it an ideal investment for an entrepreneur seeking a turnkey operation with immediate income potential.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 01003030231T
UPID US92-1356327
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Waters Edge On Anderson Lake INC · 16 yrs held
Waters Edge On Anderson Lake INC
since 2010
2 recorded transactions
2010
$250,000
2007
$241,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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