For Sale
$748,000

1222 Alverno RdManitowoc, WI 54220

Turnkey Bar & Banquet Hall, Excellent Investment

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a thriving, turnkey bar and banquet hall located at 1222 South Alverno Rd, Manitowoc, WI 54220. Boasting 8,627 square feet on a 3.69-acre lot, this established business, operating as Knox's Silver Valley since 2004, enjoys a long-standing reputation for its excellent food, ambiance, and memorable events. The property includes a fully equipped kitchen, oversized walk-in coolers and freezer, ample storage, a security system, and a point-of-sale (POS) system. Recent renovations have enhanced the building's prime condition, featuring new hardwood and linoleum floors, street-view commercial windows, and a steel roof. The property also offers 100 parking stalls, a significant advantage for hosting large events such as weddings, anniversaries, funerals, business meetings, and private parties. Located within city limits, the property benefits from city water and sewer services. Seller financing is available. This is a rare opportunity to acquire a well-established, profitable business with significant potential for continued growth. The property is conveniently located on the edge of town, providing easy access for patrons.

Highlights

  • $748,000 asking price.
  • 3.69-acre lot with 8,627 square feet of building space.
  • Turnkey hospitality business (bar and banquet hall) with established reputation.
  • Fully equipped with kitchen equipment, walk-in coolers/freezer, and POS system.
  • Features 100 parking stalls, city water/sewer, and security system.
  • Seller financing available.

Property Details for 1222 Alverno Rd

Property type
Land, Hospitality properties
Square Feet
8,627 SF
Lot Size (sq. ft)
160,736 SF

Location Insight

City
Manitowoc
County
Manitowoc
State
Wisconsin
Latitude
44.0841666
Longitude
-87.7413726
1222 Alverno Rd, Manitowoc, Wisconsin

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1222 Alverno Rd
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