8265 Main St Presque Isle, WI 54557
This established Presque Isle restaurant, located at 8265 Main St, offers a turnkey opportunity for a new owner. Boasting 2,023 square feet of space on a 0.34-acre lot, this property includes a spacious bar and grill, ample dining area, and a fully equipped kitchen. The inviting atmosphere is complemented by a large outdoor deck and expansive backyard, perfect for outdoor seating. The building features a full basement with two 200-amp services, two furnaces, and central air conditioning. Conveniently situated on Main Street, this location provides direct access to snowmobile and UTV trails, and is close to numerous fishing lakes and walleye ponds. The property includes 20 parking spaces and is zoned for commercial use. Built in 1970, this restaurant has a proven track record of success for over 30 years, making it an attractive investment opportunity. The private well and natural gas fuel sources add to the property's operational efficiency. The irregular lot shape adds to the unique character of this well-established business. This is a rare chance to acquire a thriving Northwoods business with significant potential for continued growth. The asking price is $329,900, with a price per square foot of $163. The APN is 22-1265.
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P I Yacht Club LLC Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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