1222 Alverno Rd Manitowoc, WI 54220-9784
- Turn key restaurants
- 8,627 SF
- 1.37 lot acres
Current Use by Public Records
- Silver Valley Bar & Banquet / Bar / Banquet Hall
Property Details for 1222 Alverno Rd
- Year built
- 1940
- Lot size
- 1.37 lot acres
- Property size
- 8,627 SF
- Property type
- Turn key restaurants
- APN
- 52-828-404-115.00
- APU
- 5282840411500
Description
This exceptional investment opportunity presents a thriving, turnkey bar and banquet hall located at 1222 South Alverno Rd, Manitowoc, WI 54220. Boasting 8,627 square feet on a 3.69-acre lot, this established business, operating as Knox's Silver Valley since 2004, enjoys a long-standing reputation for its excellent food, ambiance, and memorable events. The property includes a fully equipped kitchen, oversized walk-in coolers and freezer, ample storage, a security system, and a point-of-sale (POS) system. Recent renovations have enhanced the building's prime condition, featuring new hardwood and linoleum floors, street-view commercial windows, and a steel roof. The property also offers 100 parking stalls, a significant advantage for hosting large events such as weddings, anniversaries, funerals, business meetings, and private parties. Located within city limits, the property benefits from city water and sewer services. Seller financing is available. This is a rare opportunity to acquire a well-established, profitable business with significant potential for continued growth. The property is conveniently located on the edge of town, providing easy access for patrons.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $295,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $247,000
Market price range: $247k - $782k
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Location Insight
- Map
- Local Demand
- City
- Manitowoc
- County
- Manitowoc
- State
- Wisconsin
- Longitude
- -87.7417
- Latitude
- 44.0841
- CBSA code
- 31820
- CBSA name
- MANITOWOC, WI MICROPOLITAN STATISTICAL AREA
