N8894 County Road H - Restaurant FOR SALE


Irma, WI 54442
$274,900 USD
715-359-1100
N8894 County Road H, Irma, WI for Sale
$274,900 USD
Restaurant - FOR SALE
1/60
null | Request Cap Rate

N8894 County Road H
Irma, WI 54442


HIGHLIGHTS

  • 8 Unit Storage Building Included
  • Residential Apartment - 2 bed, 1 bath, Main level laundry
  • 2 dining areas
  • New bar and main dining ceiling
  • On snowmobile trail on back of property

OVERVIEW

Attention investors and entrepreneurs! Turn-key bar & restaurant for sale, which includes the 2,952 sq ft commercial venue, an 8-unit storage building, plus a spacious apartment - featuring 2 bedrooms, 1 bath, main level laundry - with private exterior entry & interior access. This property is seated on 2-acre corner lot - in a desirable location with the snowmobile trail coming through the property - great opportunity for business, and is only 20 minutes from Tomahawk, Gleason and just over 25 minutes from Merrill, with highway access only 5 minutes away. Currently operating as a Thai restaurant "The Clover Club" with active liquor & food licenses, the future buyer could maintain the existing brand / business or start afresh with a versatile venue for a new bar or restaurant. Spacious entry area leading to the main dining area / bar, includes the tables, chairs and bar stools, plus a secondary dining area just down the stairs (total seating capacity approx. 65 people). New ceiling throughout the main level dining area and updated bar (included). Commercial kitchen with included appliances and stainless prep areas (including the new ice machine and chicken broaster). Ample storage in the unfinished mechanical room - easily accessible. Includes the recently updated commercial outdoor wood stove ($38K value), also has LP gas to the property. The apartment offers additional income potential, or the opportunity to be owner-occupied and includes all of the appliances (refrigerator, range, washer & dryer). The storage building is 24'X84' (2,016 total sq ft) - units 1,2,3,4,5 and 8 are 12'X24', and rent for $65/mo, and units 6 and 7 are 12'X12 and rent for $35/mo. All units have a 9'X8 overhead door. When fully rented, the gross income is $460/mo and $5,520 annually. Tons of opportunity - schedule your showing today!

FOR SALE DETAILS

PRICE

$274,900 USD

PRICE/SF

$93 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Clover Club

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Refrigeration/Cold Storage, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

RL-4

APN/PARCEL ID

026-3407-152-9997

ASK ABOUT THIS PROPERTY

Paul KnoblockAction Commercial Team/Coldwell Banker ActionMore Info
715-359-1100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Paul KnoblockAction Commercial Team/Coldwell Banker ActionMore Info
715-359-1100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.