1002 Hwy 32, Three Lakes, WI 54562
sale
$575,000
|
Other
Courtesy Of Redman Realty Group, LLC
Northwoods Bar & Grill in Three Lakes, Wisconsin - Turnkey business opportunity in prime recreational tourism market! Own a piece of Northwoods history with 32 South Bar & Grill, a well-established and iconic business in a quaint, resort-driven community. Surrounded by forests and lakes, and located just off the Three Lakes/Eagle River Chain of Lakes and on historic memorial Highway 32, this well-known destination benefits from a reliable local following, steady tourist traffic, and a strong year-round revenue stream. The location offers exceptional recreational tourism access, within walking-distance to a campground, airport, golf course, resort, boat launch, and marina, plus direct access to snowmobile and ATV trails. The property features classic Northwoods character/rustic charm, along with several distinctive amenities, including an air-stream VIP Room, a heated and air-conditioned garage bar, an outdoor stage, and a fenced-in outdoor area suitable for concerts, private parties and gatherings. Current ownership has invested heavily back into the business, addressing building and equipment needs and making numerous improvements and upgrades. Recent improvements include: new freezers/refrigerators/coolers; upgraded parking lot, septic system, and electrical system; new fencing and gates; new bar flooring and subfloor, along with other investments designed to strengthen the operation and enhance customer experience. High-speed internet and natural gas add to the property's functionality. The business also features 5 gaming machines, an air hockey table, foosball table, pool table, 2 dart boards, 2 juke boxes, and additional games, all generating significant additional revenue. Healthy financial reports and a proven operating history provide an excellent foundation for a new owner to build upon. Don't miss this unique opportunity to own a thriving turnkey Northwoods bar and grill in an established and recognizable destination market. Life is great North of 8!
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Property Features
- Building Units: 1
- Cooling System: Central Air
- Exterior Type: Frame
- Exterior Type: WoodSiding
- Floor Covering: Vinyl
- Floor Covering: Wood
- Floors: 1
- Heating System: Forced Air
- Heating System: Natural Gas
- Legal Description: PT G.L. 6 E 120.5' OF S171'N OF HWY SEE SM A2203SEE DOCS 828354 & 852016 FOR OWNERSHIP
- MLSID: 219316
- Roof Type: Composition
- Roof Type: Shingle
- Rooms: Bathroom 2
- Rooms: Bathroom 1
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