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Property profile & analytics
OFF-MARKET
Commercial real estate

121 Lk Ave Twin Lakes, WI 53181-9424

1,984 SF 0.27 ac lot Built 1960
Entity Owned 4-yr Hold Free & Clear
Property ID
US92-1101424
Property summary
AI-generated overview

This exceptional opportunity presents a thriving, established bar and restaurant located at 121 S Lake Ave, Twin Lakes, WI 53181. The property, situated on a 0.27-acre lot, boasts a spacious 1,984 square foot building constructed in 1960. The single-story structure is zoned B-1 and features a Class B rating. The interior offers ample seating for over 60 patrons, complemented by additional seating on an enclosed deck. The sale includes all existing fixtures and equipment, a significant advantage for a seamless transition. This includes all TVs, bar lighting, furniture, and kitchen equipment, ensuring a fully operational business from day one. Two walk-in coolers provide ample storage capacity. Recent upgrades include a brand-new HVAC system and water heater, minimizing immediate maintenance concerns. The property's prime location, just one block from the lake, contributes to its consistent popularity within the Twin Lakes community. This turnkey operation presents a rare chance to acquire a well-established business with significant potential for continued success. The asking price is $329,900. This is a mixed-use property also suitable for office or retail use.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1960
Total area 1,984 SF
Lot 0.27 ac (11,718 SF)
Zoning code B-1
APN 85-4-119-211-4490
UPID US92-1101424
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
  • ATM Atm
  • 1903 West Bar and Grill (Touch of Class) Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Asnc INC · 4 yrs held
Asnc INC
since 2022
Last sale
$179,900
3 recorded transactions
2022
$179,900
2004
$210,000
1969
Price N/A
Zoning & alternative use
B-1 · Twin Lakes, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Title 17
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