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Entity Owned 
For Sale
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Property summary
This exceptional opportunity presents the sale of The Wheelock Inn, a well-established restaurant and bar located at 82 Wheelock Ave, Millbury, MA 01527. The property boasts a substantial 6,500 square feet of space situated on a 1.42-acre lot, providing ample room for both indoor and outdoor operations. The building features one story and includes 100 parking spaces, a significant advantage in a busy commercial area. The property is currently vacant, offering a blank canvas for a new owner… to implement their vision. The sale includes a full liquor license, allowing for a wide range of beverage offerings. The existing infrastructure includes a full-service kitchen, walk-in coolers, a lobster tank, and outdoor dining capabilities. Previous renovations in 2007 further enhance the property's appeal. The property is zoned BL-1 and is priced at $900,000, translating to $138.46 per square foot. The sale also includes additional land beyond the immediate building footprint. This landmark establishment is ready for a new owner to capitalize on its established reputation and prime location in the Millbury community, near Worcester. The property's history of success, even during challenging economic times, speaks to its strong potential for future growth and profitability. This is a rare opportunity to acquire a turnkey operation with significant upside.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Oct 2026Realmo valuation models over county records and 4 qualifying comparable sales.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 9 properties nearbyComparable nearby
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 3,290 SF
- Lot area
- 1.42 ac
- Year built
- 1946
- Stories
- 1
- APN
- MILB M:016 B:0000101 L:
- Zoning
- R3
- Assessed value · 2024
- $366,100
- Annual tax · 2024
- $4,844
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2024
- $4,844
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Derived from the Millbury market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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