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Property profile & analytics
OFF-MARKET
Commercial real estate

9065 Pickerel Lk Rd Pickerel, WI 54465-9372

1.93 ac lot
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US92-1404379
Property summary
AI-generated overview

This established Pickerel, Wisconsin bar and grill, located at 9065 Pickerel Lake Rd, 54465, presents a unique investment opportunity. Built in 1973 and extensively renovated in 2021, 2022, and 2023, this 2,304 square foot property sits on a 1.93-acre lot and boasts a capacity of 150 patrons. The property includes two buildings, all on one story, and is zoned G-2. Recent improvements include a new septic system, a 1,000-gallon LP tank, upgraded insulation, new sewer pipes, an on-demand hot water heater, an expanded walk-in cooler, updated kitchen equipment, a new ice machine, fresh carpeting, new bar stools, and a state-of-the-art remote access video security system. The attached living quarters offer a bedroom, bathroom, and a single-stall garage, providing convenient owner housing or rental income potential. Ample parking is available with 75 spaces. The business benefits from a strong year-round customer base, fueled by both local residents and the influx of tourists drawn to the nearby Pickerel Lake boat landing, hiking trails, fishing spots, boating opportunities, and extensive ATV and snowmobile trails. This turnkey operation is priced at $370,000 ($160.59/sq ft) and offers a rare combination of established clientele, recent upgrades, and significant growth potential in a desirable location. Additional storage is provided by a storage shed and carport.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.93 ac (84,201 SF)
APN 022-01854-0000
UPID US92-1404379
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Paul's Final Lap Bar and grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Nellessen Properties LLC · 5 yrs held
Nellessen Properties LLC
since 2021
Last sale
$175,000
2 recorded transactions
2021
$175,000
2005
$85,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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