1445 2nd Ave Cumberland, WI 54829-7212
This stunning 5,040 square foot Victorian Queen Anne-style building, constructed in 1882, presents a unique investment opportunity in the heart of Cumberland, WI. Situated on a 0.6-acre lot, this historic property boasts a rich history as a fine dining restaurant for over 65 years and currently operates as an elegant tavern. The sale includes a transferable Class B strong alcohol and beer license, offering significant potential for continued operation in the hospitality industry. The main level features a spacious 36' x 20' commercial kitchen, fully equipped with a 12' commercial hood, fire suppression system, makeup air system with natural gas heat, and walk-in cooler and freezer. The property's versatility allows for a wide range of uses, including upscale dining establishments (supper club, steakhouse, specialty restaurant), a Victorian bed and breakfast (with potential for 10+ bedrooms), or a mixed-use commercial-residential development. Imagine main floor shops showcasing antiques, specialty goods, furniture, art, jewelry, or even a tattoo studio, complemented by professional office suites on upper floors. The possibilities are as diverse and captivating as the building itself. This is a rare chance to own a piece of Cumberland's history and shape its future.
-
US Bank Mortgage Loan Service Bank
-
The Tower House - Italian American Restaurante Restaurant
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.