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    Three Lakes, WI
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    Three Lakes, WI Restaurants for Sale

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    Eagle River, WI Sugar Camp, WI Rhinelander, WI Conover, WI Phelps, WI St Germain, WI Land O Lakes, WI Sayner, WI
    Iconic Black Forest Pub
    Updated: Apr 17
    Iconic Black Forest Pub

    1765 SUPERIOR ST, Three Lakes, WI 54562

    $1,100,000
    0.31 AC lot
    Black Forest Pub restaurant and bar in Three Lakes, WI, with a spacious dining area and full‑service bar
    On‑site living quarters: updated 1 bed / 1 bath apartment for owner or management
    Built in 1920 with frame, stone, and stucco construction
    Heating includes natural gas forced air; cooling with central air
    Public water and public sewer service
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    Restaurant and Cocktail Bar with Patio
    Updated: Jul 16
    Restaurant and Cocktail Bar with Patio

    7004 HWY 45, Three Lakes, WI 54562

    $875,000
    0.37 AC lot
    Year built 2020 restaurant and cocktail bar with contemporary build
    Frame construction with metal siding and a metal roof
    Forced‑air natural gas heating; public water and public sewer connected
    Handicap‑accessible features include an accessible approach with ramp
    Landscaping and exterior handicap accessibility features
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 Active listings in Three Lakes, WI, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turnkey Restaurant with Patio
    Turnkey Restaurant with Patio

    904 RAILROAD ST N, Eagle River, WI 54521

    $899,000
    0.63 AC lot

    Fully operational restaurant with indoor seating for 100-plus patrons, outdoor patio seating, counter service, and an equipped kitchen.

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    Multi-Purpose Restaurant and Bar Building
    Multi-Purpose Restaurant and Bar Building

    1540 PUEBLO DR., Rhinelander, WI 54501

    $499,000
    1.91 AC lot

    Multi-entrance commercial building with banquet spaces, an expansive commercial kitchen, and transferable liquor license.

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    Resort and Motel with Waterfront
    Resort and Motel with Waterfront

    4475 CTH P, Rhinelander, WI 54501

    $1,999,000
    3.43 AC lot

    Waterfront resort property includes a bar and grill, 6-unit motel, and three lakeside homes on Clear Lake.

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    Turnkey Restaurant Property
    Turnkey Restaurant Property

    1343 WALL ST E, Eagle River, WI 54521

    $335,900
    0.12 AC lot

    Turnkey restaurant opportunity with recent upgrades, convenient Wall St access, and plenty of parking in Eagle River, WI.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Downtown Commercial Land Parcel
    Downtown Commercial Land Parcel

    300 FRONT ST E, Minocqua, WI 54548

    $1,500,000
    1.02 AC lot

    Commercial land in downtown Minocqua with level cleared space, blacktop parking, and three access points.

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    Prime Commercial Land in Minocqua
    Prime Commercial Land in Minocqua

    PLAZA DR lot: 12, Minocqua, WI 54548

    $249,900
    1.58 AC lot

    1.58 acre commercial parcel with high exposure in Minocqua.

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    Prime Commercial Land in Minocqua
    Prime Commercial Land in Minocqua

    PLAZA DR lot: 11, Minocqua, WI 54548

    $199,900
    1.20 AC lot

    1.2 acre B-2 zoned commercial land with high exposure.

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    Tomahawk, WI Commercial Land
    Tomahawk, WI Commercial Land

    60 Acres SOMO AVE E, Tomahawk, WI 54487

    $479,900
    60.57 AC lot

    60-acre corner lot suitable for commercial or multi-unit residential development.

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    Three Lakes, WI Restaurants Market Trends and Statistics

    Explore 2 restaurants for sale in Three Lakes, WI on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $1,100,000.

    Sale prices for restaurant properties in Three Lakes, WI start at $1,100,000, averaging $1,100,000, and reaching up to $1,100,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Bars & Pubs 2
    Conventional restaurants 2

    Demographics Overview

    Population 1,867
    Population Growth (5Y) -2.8%
    Median Household Income $67,875
    College Educated 52.9%

    High-Yield Neighborhoods for Investment

    Identify Three Lakes submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    54562 $1.1M

    Taxes & Financing

    Tax Rate (average for all types) 1.40%
    Tax Rate vs County Average 0.30 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Vilas County

    New Delisted

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