Property summary
This exceptional Hatley, WI commercial property at 408 State Road offers a turnkey restaurant opportunity. The 5,118 square foot building features four entry doors and impressive 7-15 foot ceilings. The spacious layout includes a large dining room with seating for 77, a bar area accommodating 24 patrons, and a 16-seat waiting room adjacent to the kitchen. The sale includes the established business name, all equipment, a valuable liquor license, signage, and furniture, ensuring a seamless transition for the new owner. A significant advantage is the inclusion of a substantial 14-foot hood and all necessary kitchen equipment, ready for immediate operation. The property benefits from a prime location directly across from Riiser Station, ensuring high visibility and accessibility. While the previous owner has retired, a current renter is in place, providing immediate income and the potential for significant increases in net operating income (NOI) through future lease negotiations or direct operation. This presents a rare chance to acquire a well-established restaurant with a strong history and significant upside. Access is easily gained by exiting Highway 29 at the Y-turn, proceeding east past Dollar General, where the property is located directly across from Riiser Station.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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