2855 29th Ave - Restaurant FOR SALE


Birchwood, WI 54817
$1,200,000 USD
2855 29th Ave, Birchwood, WI for Sale
$1,200,000 USD
Restaurant - FOR SALE
1/35
null | 8.33% Cap Rate

2855 29th Ave
Birchwood, WI 54817


HIGHLIGHTS

  • 2855 29th Avenue is home to Iron's Restaurant, Pub, and Wedding Venue - a one-of-a-kind investment acquisition opportunity.
  • There is a commercial-grade food prep area and kitchen for the restaurant and bar business; the sale includes all equipment and furniture.
  • There is an attractive bar and restaurant on-site, a golf course with scenic views, a retail shop, dedicated outdoor wedding ceremony space, and more.
  • This iconic property offers 360 feet of Lake Shore views and well-maintained outdoor spaces for dining, events, and entertainment.

OVERVIEW

Step into this historical building and immediately find an ambiance like none other in Northern Wisconsin. 2855 29th Avenue offers a welcoming feeling that naturally attracts people from places including Chicago, the Twin Ports, and the Twin Cities. This business opportunity offers everything you need to thrive and succeed in the restaurant/bar business. It is in a great location off the prestigious Red Cedar Lake, with approximately 360 feet of waterfront access for the public to dock and enjoy lunch/dinner. The large commercial kitchen and seating capacity serve significant events such as weddings, golf tournaments, community fundraising events, Christmas parties, and more. The recently remodeled bar area serves food and alcohol at its oversized patio for patrons to relax, eat, and watch golfers. There is a leased golf pro shop within the building for additional rental revenue. From established Twin Cities clients, over 17,000 golfers a year on the course, and all homeowners from the lake to Loch Lomond beach club area homes, make this a well-known and visited establishment. There is a fully stocked Lakeside pump house bar with a bandstand that entertains live music/DJ at the waterfront with a fantastic view/setting.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$107 USD /SF

CAP RATE

8.33%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Restaurant, Clubhouse Bar & Wedding Venue

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

G-2

APN/PARCEL ID

010-1100-05-000

ASK ABOUT THIS PROPERTY

Adam WabrowetzFisher Property GroupMore Info

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Adam WabrowetzFisher Property GroupMore Info

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