9065 Pickerel Lk Rd Pickerel, WI 54465-9372
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.
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Paul's Final Lap Bar and grill Bar & Pub Restaurant
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.