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Eddy B's White Spruce Inn 419 N Railroad St 3,300 SF Retail Building Eagle River, WI 54521 $1,450,000 ($439.39/SF)
Investment Highlights
- Turn-key, waterfront supper club with boat slips and tiki bar on the world’s largest chain of freshwater lakes.
- Optional adjacent home available—ideal for owner-occupancy, staff housing, or additional rental income.
- Highly successful, year-round business with strong local following and tourist traffic from both summer boating and winter snowmobiling.
Executive Summary
Eddie B’s White Spruce is a well-established Northwoods supper club and tavern in Eagle River, Wisconsin, known for its authentic log-cabin atmosphere, classic Wisconsin hospitality, and loyal year-round following. Operating from a historic riverfront building, the restaurant delivers the quintessential supper club experience—prime rib, fish fry, hand-crafted cocktails, and warm, inviting dining spaces that attract both locals and visitors alike.
The property benefits from a premier location along the Eagle River Chain of Lakes, offering dockage, an expansive riverside deck, and seasonal tiki bar that drive strong summer traffic, while snowmobile trail access supports winter demand. The business is fully equipped and turn-key, with a proven operating layout designed for high-volume service and events.
An adjacent riverfront parcel with a residence is included as part of the offering, providing added flexibility for owner occupancy, staff housing, or future use, while preserving the core identity of Eddie B’s as a destination supper club.
The property benefits from a premier location along the Eagle River Chain of Lakes, offering dockage, an expansive riverside deck, and seasonal tiki bar that drive strong summer traffic, while snowmobile trail access supports winter demand. The business is fully equipped and turn-key, with a proven operating layout designed for high-volume service and events.
An adjacent riverfront parcel with a residence is included as part of the offering, providing added flexibility for owner occupancy, staff housing, or future use, while preserving the core identity of Eddie B’s as a destination supper club.
Taxes & Operating Expenses (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$5,329
|
$1.61
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,329
|
$1.61
|
Taxes & Operating Expenses (Actual - 2024)
| Taxes | |
|---|---|
| Annual | $5,329 |
| Annual Per SF | $1.61 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $5,329 |
| Annual Per SF | $1.61 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,300 SF
Building Class
C
Year Built
1884
Price
$1,450,000
Price Per SF
$439.39
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.51 AC
Opportunity Zone
Yes
Zoning
C-2 - Community Business
Parking
40 Spaces (12.12 Spaces per 1,000 SF Leased)
Frontage
370’ on Railroad St N
Amenities
- Fireplace
- Restaurant
- Signage
- Waterfront
Nearby Major Retailers
Property Taxes
| Parcel Number | 221-237 | Total Assessment | $468,900 |
| Land Assessment | $174,500 | Annual Taxes | $5,329 ($1.61/SF) |
| Improvements Assessment | $294,400 | Tax Year | 2024 Payable 2025 |
Property Taxes
Parcel Number
221-237
Land Assessment
$174,500
Improvements Assessment
$294,400
Total Assessment
$468,900
Annual Taxes
$5,329 ($1.61/SF)
Tax Year
2024 Payable 2025
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Eddy B's White Spruce Inn | 419 N Railroad St
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