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Bowling Alley, Bar, Restaurant & Apartment 68290 S Main St 11,040 SF 100% Leased Retail Building Iron River, WI 54847 $350,000 ($31.70/SF)
Investment Highlights
- Bowling Alley - 6 lanes
- Apartment - 2-bed, 2-bath, 1560sqft
- Bar/Restaurant
Executive Summary
A rare opportunity to own a versatile 11,040 sq ft commercial building in the heart of downtown Iron River, WI, ideally situated on the corner of US Hwy 2 and Main Street for maximum visibility and easy access. This property offers multiple income-producing possibilities with four distinct spaces under one roof.
The main level features a 6-lane bowling alley spanning nearly 4,500 sq ft, providing a fun and timeless community attraction. Adjacent to it, a 3,480 sq ft bar area includes gaming tables, a stage for live entertainment, and plenty of seating, making it ideal for hosting events and gatherings. A separate 1,500+ sq ft restaurant area with a fully equipped commercial kitchen provides opportunities for food service expansion or a standalone dining concept.
Upstairs, a spacious 1,500+ sq ft apartment offers 2 bedrooms, 1.5 baths, and an open living area, perfect for owner occupancy or rental income. Additional features include a 32x56 attached garage with three overhead doors, providing excellent storage, parking, or workspace options.
All this sits on a 0.374-acre corner lot with city water and sewer, and natural gas service. Whether you’re seeking an investment, an owner-operator opportunity, or a redevelopment site in a high-traffic corridor, this property delivers versatility, visibility, and value in a thriving Northwoods community.
The main level features a 6-lane bowling alley spanning nearly 4,500 sq ft, providing a fun and timeless community attraction. Adjacent to it, a 3,480 sq ft bar area includes gaming tables, a stage for live entertainment, and plenty of seating, making it ideal for hosting events and gatherings. A separate 1,500+ sq ft restaurant area with a fully equipped commercial kitchen provides opportunities for food service expansion or a standalone dining concept.
Upstairs, a spacious 1,500+ sq ft apartment offers 2 bedrooms, 1.5 baths, and an open living area, perfect for owner occupancy or rental income. Additional features include a 32x56 attached garage with three overhead doors, providing excellent storage, parking, or workspace options.
All this sits on a 0.374-acre corner lot with city water and sewer, and natural gas service. Whether you’re seeking an investment, an owner-operator opportunity, or a redevelopment site in a high-traffic corridor, this property delivers versatility, visibility, and value in a thriving Northwoods community.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
11,040 SF
Building Class
B
Year Built/Renovated
1946/1990
Price
$350,000
Price Per SF
$31.70
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.68
Lot Size
0.37 AC
Zoning
C1
Property Taxes
| Parcel Numbers | Improvements Assessment | $280,200 | |
| Land Assessment | $90,800 | Total Assessment | $371,000 |
Property Taxes
Parcel Numbers
Land Assessment
$90,800
Improvements Assessment
$280,200
Total Assessment
$371,000
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Bowling Alley, Bar, Restaurant & Apartment | 68290 S Main St
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