106 Wolf River AveNew London, WI 54961-1469

Property Details for 106 Wolf River Ave

Lot size

0.99 AC

Property type

Commercial real estate

APN

33 12 77164

APU

331277164

Description

This exceptional investment opportunity presents the chance to acquire the fully operational Hilby's Restaurant & Sports Bar, complete with a 12-lane bowling alley. Located at 106 E Wolf River Avenue in New London, Wisconsin (54961-1469), this well-established business boasts a strong positive cash flow, serving hundreds of customers daily. The property includes a full bar with over 100 seats overlooking the bowling alley, which benefits from a loyal clientele. A new roof was installed in 1998. Additional features include a party/meeting room, multiple pool tables with established leagues, numerous game machines, and locker rooms with recently updated fire alarm and HVAC systems (2022). The sports bar, constructed in 2011, offers seating for 100+ patrons, with TVs strategically placed throughout. Further amenities include an additional party room, a smokers' lounge, and a fully equipped kitchen known for its excellent food and beverage offerings. Ample parking is available, with over 70 private spaces supplemented by ample street parking. The asking price for this turnkey operation is $1,100,000. Direct inquiries to the seller at the business location are discouraged. This is a rare chance to own a thriving, multifaceted entertainment venue in a supportive community.

• CAP approach

  CAP return

  Valuation

  6%

  $8,860,570

  6.5%

  $8,178,990

  7%

  $7,594,770

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,395,850

  Geo Method

  $5,639,700

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $16,616,900

  Retail / Commercial

  $8,420,370

  Mixed-Use / Specialty

  $8,311,000

  Hospitality / Lodging

  $5,994,210

  Office

  $8,178,990

  Institutional / Educational

  $8,611,740

  Residential Income

  $10,075,700

  Multifamily

  $12,524,200

  Automotive / Energy

  $7,381,490

  Parking / Income-Based Land

  $2,625,650

  Restaurant / Food Service

  $4,153,280

  Healthcare / Senior Housing

  $8,604,140

Location Insight

City

New London

County

Waupaca

State

Wisconsin

Latitude

44.3906

Longitude

-88.7388

Property Tax & Assessments

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