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Turn-Key Restaurant & Bar with Real Estate 234 Walnut St 10,000 SF Retail Building Spooner, WI 54801 $1,299,000 ($129.90/SF)
Investment Highlights
- Turn-key restaurant & bar with real estate included
- Approximately 300-seat capacity across dining, bar, and event areas
- Prime Real Estate in a High-Traffic Tourism Hub
Executive Summary
Turn-Key Restaurant & Bar with Real Estate in a Prime Northwoods Destination
This offering presents a rare opportunity to acquire a fully operational, high-capacity restaurant and bar located in a revitalized historic downtown building in Spooner, Wisconsin. The property features a spacious dining room, large central bar, full commercial kitchen, multiple private event spaces, and outdoor patio seating—allowing a new owner to step in and operate immediately under a wide variety of food-and-beverage concepts.
The business benefits from strong year-round local support, seasonal tourism traffic, and a flexible layout capable of supporting casual dining, upscale concepts, supper club formats, live entertainment, and private events. The real estate is included in the offering, providing long-term operational control and asset stability.
While the facility has historically included on-site brewing operations, brewing is not required. Brewing equipment will be removed at closing unless a buyer elects to continue brewing, allowing the opportunity to function purely as a restaurant and bar without additional operational complexity.
This opportunity is well-suited for experienced operators, first-time owners, or groups seeking a large-format restaurant with real estate ownership in a proven Northwoods market.
This offering presents a rare opportunity to acquire a fully operational, high-capacity restaurant and bar located in a revitalized historic downtown building in Spooner, Wisconsin. The property features a spacious dining room, large central bar, full commercial kitchen, multiple private event spaces, and outdoor patio seating—allowing a new owner to step in and operate immediately under a wide variety of food-and-beverage concepts.
The business benefits from strong year-round local support, seasonal tourism traffic, and a flexible layout capable of supporting casual dining, upscale concepts, supper club formats, live entertainment, and private events. The real estate is included in the offering, providing long-term operational control and asset stability.
While the facility has historically included on-site brewing operations, brewing is not required. Brewing equipment will be removed at closing unless a buyer elects to continue brewing, allowing the opportunity to function purely as a restaurant and bar without additional operational complexity.
This opportunity is well-suited for experienced operators, first-time owners, or groups seeking a large-format restaurant with real estate ownership in a proven Northwoods market.
Taxes & Operating Expenses (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$11,900
|
$1.19
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$11,900
|
$1.19
|
Taxes & Operating Expenses (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $11,900 |
| Annual Per SF | $1.19 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $11,900 |
| Annual Per SF | $1.19 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
10,000 SF
Year Built/Renovated
1930/2019
Price
$1,299,000
Price Per SF
$129.90
Tenancy
Single
Building Height
1 Story
Building FAR
0.82
Lot Size
0.28 AC
Opportunity Zone
Yes
Zoning
G2-Commercial
Parking
4 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
45’ on Walnut Street
Property Taxes
| Parcel Number | 65-281-2-39-12-31-5 15-527-548500 | Total Assessment | $488,900 (2023) |
| Land Assessment | $54,000 (2023) | Annual Taxes | $11,900 ($1.19/SF) |
| Improvements Assessment | $434,900 (2023) | Tax Year | 2024 |
Property Taxes
Parcel Number
65-281-2-39-12-31-5 15-527-548500
Land Assessment
$54,000 (2023)
Improvements Assessment
$434,900 (2023)
Total Assessment
$488,900 (2023)
Annual Taxes
$11,900 ($1.19/SF)
Tax Year
2024
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Turn-Key Restaurant & Bar with Real Estate | 234 Walnut St
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