16707 State Hwy 32 Mountain, WI 54149-9465
This profitable, established bar and grill, Mulligans, presents a unique investment opportunity in Mountain, WI. Located on State Highway 32, it enjoys high visibility and convenient access for travelers, locals, and outdoor enthusiasts using nearby trail systems for UTVs and snowmobiles. The business boasts a strong reputation for its excellent food, including the famous Bloody Mary, and serves as a popular main trail stop. The sale includes all kitchen equipment, furniture, and dishware, representing a true turnkey operation. Recent updates include a remodeled kitchen, bar, and exterior, along with a renovated 3-bedroom, 1-bathroom upper living quarters. Modernized features include a newer furnace and AC unit. The property encompasses a 4,328 square foot building situated on approximately one acre of land, providing ample space for operations and potential expansion. The owners are retiring, making this a rare chance to acquire a well-established and successful business. An adjacent, nearly one-acre lot is included in the sale price of $599,000.
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
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.