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    Property profile & analytics

    2855 29th Ave Birchwood, WI 54817-2051

    • Commercial real estate
    • 2.18 lot acres
    OFF-MARKET
    Value Estimation
    $610,000
    Last Sale
    Feb 08, 2024
    $618,000
    Location Intelligence
    Property ID
    US92-2474422
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tagalong Golf & Resort / Resort Hotel / Golf Course
    • Iron restaurant and pub / American Restaurant
    • Cheers Pump House / Bar
    • Cheers Bar & Grill - Wurzers At Tagalong / Bar & Grill / Restaurant

    Property Details for 2855 29th Ave

    Lot size
    2.18 lot acres
    Property type
    Commercial real estate
    APN
    010-1100-05-000
    APU
    10110005000

    Description

    This exceptional commercial property, located at 2855 29th Avenue in Birchwood, Wisconsin, presents a lucrative business opportunity. Boasting 11,214 square feet on a 2.18-acre lot, this established restaurant and bar enjoys a prime location on prestigious Red Cedar Lake. The property features approximately 360 feet of waterfront access, providing ample space for public docking and outdoor dining. The expansive commercial kitchen is equipped to handle large-scale events, including weddings, golf tournaments, and community gatherings. A remodeled bar area with an oversized patio offers additional seating and relaxation space, overlooking the lake and golf course. The business benefits from a strong, established clientele base, drawing from the Twin Cities and the over 17,000 annual golfers at the nearby course, as well as residents of the surrounding Loch Lomond beach club residential area. A fully stocked lakeside pump house bar, complete with a bandstand, provides a unique entertainment venue with stunning waterfront views. Further enhancing the income potential is a leased pro shop located within the building. The property's website, ironsrestaurantandpub.com, offers additional details. This turnkey operation is priced at $1,200,000 and represents a rare opportunity to acquire a thriving lakeside business with significant growth potential.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $620,000

    • CAP approach

      CAP return
      Estimation
      6%
      $590,000
      6.5%
      $650,000
      7%
      $670,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $590,000
      Geo Method
      $600,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $655,000
      Retail
      $580,000
      Mixed-Use
      $575,000
      Hospitality
      $615,000
      Educational
      $530,000
      Residential Income
      $580,000
      Energy
      $555,000
      Income-Based Land
      $570,000
      Food Service
      $600,000

    Location Insight

    • Map
    • Local Demand
    City
    Birchwood
    County
    Barron
    State
    Wisconsin
    Longitude
    -91.5703
    Latitude
    45.6235

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $7,645
    $104,000
    $455,400
    $559,400
    -
    $0.00
    $0.00
    $943,400

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    Birchwood, WI 54817-2051
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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