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Property profile & analytics
OFF-MARKET
Commercial real estate

16707 State Hwy 32 Mountain, WI 54149-9465

1 ac lot
Individually Owned 14-yr Hold ~ Est. High Equity
Property ID
US92-1418439
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1 ac (43,560 SF)
APN 0360404011323G
UPID US92-1418439
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Donald C Demmith · 14 yrs held
Donald C Demmith
since 2011
1 recorded transaction
2011
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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