101 Water StMarinette, WI 54143

Property Details for 101 Water St

Lot size

0.20 AC

Property type

Commercial real estate

APN

251-04700.000

APU

25104700000

Description

This exceptional commercial property at 101 Water STREET, Marinette, WI, presents a fantastic business opportunity. The 4,984 square foot building sits on a 0.2-acre lot and offers a thriving, established bar and restaurant currently operating three days a week, with significant potential for expansion. The substantial income stream is further enhanced by five upstairs apartments, three of which are currently rented at $375 per month each, boasting long-term tenants. Two additional apartments remain vacant, offering immediate rental income potential. The property also includes living quarters on the first floor, ideal for an owner-operator. A unique feature is the presence of old-fashioned bowling lanes, adding a family-friendly attraction. The property has undergone numerous updates over the past 12 years. The business, a family legacy spanning three generations, is fully equipped for catering services and has a strong local client base. The sale includes the established business, its equipment, and the building. Note that four licenses are required for operation, and the buyer will be responsible for obtaining these. This turnkey operation offers a blend of established income and significant growth opportunities. The combination of a profitable business and rental income makes this a truly unique investment.

Location Insight

City

Marinette

County

Marinette

State

Wisconsin

Latitude

45.0911

Longitude

-87.6006

CBSA code

31940

CBSA name

MARINETTE, WI-MI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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