For Sale
$1,495,000

1259 Anchor Lndg DrWisconsin Rapids, WI 54494

High-Cap Rate Riverfront Eatery

Overview

Added:
Dec 11, 2024
Days on market:
122
This exceptional waterfront restaurant and bar in Wisconsin Rapids, WI, boasts a remarkable 19.13% cap rate. Situated on 2.144 acres along the scenic Wisconsin River, this 5,813 square foot establishment offers a relaxed Northwoods atmosphere, attracting a diverse clientele of boaters, outdoor enthusiasts, and locals. The property features ample indoor and outdoor seating with a capacity of 336, making it ideal for large groups and events. Recent capital improvements enhance its operational efficiency. The property includes numerous amenities, including dedicated boat slips, open year-round. A separate 0.44-acre lot with a 5,000 square foot pole building is also available, presenting significant expansion opportunities. The property is zoned commercial and has an APN of 2400002. This turnkey operation is located at 1259 Anchor Landing Dr, Wisconsin Rapids, WI 54494, and presents a unique investment opportunity in a thriving recreational area. The asking price is $1,495,000.

Highlights

  • 19.13% cap rate; popular waterfront restaurant and bar with dedicated boat slips, open year-round.
  • Central Wisconsin Wisconsin River location; Northwoods atmosphere attracting boaters, golfers, snowmobilers, and other recreational users.
  • 5,813 SF building on 2.144 acres; 336-person capacity; indoor/outdoor seating; recent capital improvements.
  • Adjacent 0.44-acre lot with 5,000 SF pole building available separately; significant expansion potential.

Property Details for 1259 Anchor Lndg Dr

Property type
Retail properties, Restaurants
Square Feet
5,813 SF
Lot Size (sq. ft)
93,393 SF

Location Insight

City
Wisconsin Rapids
County
Wood
State
Wisconsin
Latitude
44.4411199
Longitude
-89.7278028
1259 Anchor Lndg Dr, Wisconsin Rapids, Wisconsin

FAQs

What type of property is this?
Retail property - High-Cap Rate Riverfront Eatery
Where is the retail property located?
The property is located at 1259 Anchor Lndg Dr Wisconsin Rapids, WI.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 19.13% cap rate; popular waterfront restaurant and bar with dedicated boat slips, open year-round.; Central Wisconsin Wisconsin River location; Northwoods atmosphere attracting boaters, golfers, snowmobilers, and other recreational users.; 5,813 SF building on 2.144 acres; 336-person capacity; indoor/outdoor seating; recent capital improvements.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1259 Anchor Lndg Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message