201 Main St E
Ashland, WI 54806
Retail Property For Sale

Second Street Bistro presents an opportunity to acquire an established restaurant business and real estate in downtown Ashland, Wisconsin. Positioned on the corner of Main Street East and Second Avenue East, the property benefits from a highly visible location within the city's historic commercial district and is situated a short distance from the Lake Superior waterfront. The surrounding area draws year-round activity from local residents, regional visitors, recreational tourism, and downtown businesses, supporting consistent customer traffic for food and beverage operators.
The property offers a distinctive dining environment characterized by high-backed booths, a corner window seating area, a bar, and a side courtyard that accommodates outdoor dining and special gatherings. Included in the sale are the business, building, fixtures and equipment, inventory, land, and signature entrée recipes, providing a turnkey opportunity for an owner-operator or hospitality investor. The current ownership has also indicated a willingness to provide training, helping facilitate a smooth transition.
Recent capital improvements contribute to the property's appeal and reduce near-term maintenance requirements. Within the last five years, ownership has installed a new roof, completed fresh interior and exterior paint, added new flooring throughout, and upgraded the commercial kitchen flooring. Additional functionality is provided by an upper-level office and a full basement for storage. Ashland's position along U.S. Highway 2, its role as a gateway community to the South Shore of Lake Superior, and its established tourism economy further support the property's long-term operating potential.