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Downtown Commercial Opportunity

630 Chippewa St : Minocqua, WI 54548

Oneida County, Wisconsin

5.57 Acres
$990,000 USD
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Lot Description

Lucrative, established and extremely respected Business & Real Estate now available. Reuland's Catering has been in Business for 49 years and is well known throughout the Midwest. 40-60 events / year with expansion potential. $200K+/- worth of equipment included. Attractive business model in a wealthy destination area. Real Estate: Beautiful multi-use commercial building in downtown Minocqua. Grand entry into this 11,130 sqft building offering 4 units: conference center with bar & reception hall, gas fireplace, food service prep kitchen; 2 common area restrooms; 2 retail/office/service suites; and upper level apartment. Excellent annual income, with high visibility electronic sign and Hwy 51 frontage, exposure to 18,000 cars per day. Paved parking in front and rear, multiple handicap entrances. Lease Option available on the "Reuland's North" Arbor Vitae location. Sound, profitable and turn-key business opportunity with ability to grow.

Commercial Details

Type : Hospitality
1 Building
1 Story
4 Units
11,130 Sq Ft

More Lot Details

Has Commercial Building
Commercial Zoning
State Highway Access
Electricity Service
Water Service
Sewer Service
Estimated Annual Taxes
$5,223
Assessor Parcel Number (APN)
MI 7476
Seller's ID
203636
LOTFLIP ID
266945

Lot Price History

Date
Price
$ +/-
% +/-
10/10/23
$990,000
$709,000
41.7%
9/23/22
$1,699,000
$800,000
89.0%
9/22/21
$899,000
$91,000
9.2%
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