Technical
Financial
Distress signals
Property profile

305 Main St Goodman, WI 54125

OFF-MARKET
Commercial real estate
Property ID
US92-3135684
0.56 ac lot
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 9,000 square foot commercial property, situated on a 0.56-acre lot at 305 Main Street in Goodman, Wisconsin, presents a unique investment opportunity. Currently operating as a thriving bar, grill, and event center, this "turn-key" business is ready for immediate operation. The main level boasts a spacious bar and dining area complete with a welcoming fireplace, a large ballroom equipped with a bar and stage, and a convenient office/loft area. A fully functional kitchen includes a substantial 14 x 10 walk-in cooler/storage area and a dedicated dishwashing sink room. Adding to its versatility, a third bar and game area are located on the lower level, currently open to the public weekly. The property has received approval for a capacity of 500 patrons, making it ideal for a wide range of events. The current owner has successfully hosted weddings, proms, live music performances, Christmas parties, and various community gatherings. This established business enjoys a prime location in Northern Marinette County, offering significant potential for continued growth and profitability. Don't miss this chance to acquire this well-established and highly sought-after Northwoods gem.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.56 ac (24,394 SF)
APN 012-02163.000
UPID US92-3135684

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub

Location

305 Main St Goodman, WI 54125
Goodman metro Census 960200 MARINETTE, WI-MI MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2023
Last sale
$239,900
1 recorded transaction
2023
$239,900

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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