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Property profile & analytics
OFF-MARKET Estimated value $450,000
Commercial real estate

13029 Deer Park Rd Manitowish Waters, WI 54545-6246

Individually Owned 2-yr Hold Free & Clear
Property ID
US92-2203521
Property summary
AI-generated overview

This exceptional 23,000 square foot, turn-key restaurant and lodge is situated on Manitowish Lake in Manitowish Waters, Wisconsin. Built in 2014, this established fine-dining and banquet facility boasts a sophisticated atmosphere with two large fireplaces and a spacious dining area accommodating 200-250 guests. The property includes a 4,500 square foot divisible dining and banquet space, easily partitioned into three separate dining rooms. Two fully equipped kitchens support the operation: a main level full-service kitchen and a lower-level USDA-certified prep kitchen, connected by a convenient elevator. A bar-lounge area offers a wide selection of fine wines and spirits. The sale includes all recipes and the current menu. Beyond the restaurant, the property features a luxurious pool complex complete with a heated outdoor pool, a bar, and a double fireplace cabana. The location offers unparalleled access to Manitowish Lake, with private lakefront docks providing convenient access by land or water. The property is zoned commercial and has a Vilas County APN of 16-1218-57, 16-1218-58. This is a rare opportunity to acquire a thriving, well-established business with significant potential for growth in a highly desirable location. The asking price is $3,499,000, with a price per square foot of $152.13.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 16-1218-57
UPID US92-2203521
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
  • Chippewa Retreat Resort Wedding Service
  • White Oak Grill Bar & Pub 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
$450k
Owner & transaction history
John J Mcgraw · 2 yrs held
John J Mcgraw
since 2024
2 recorded transactions
2024
Price N/A
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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