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$425,000
Est. payment /mo
5,565 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Restaurant,Tavern/Bar,Retail,Restaurant/Supper Club,Recreation/Health Club,Mixed use
Listing Status Active
Purchase Type For Sale
Square Footage 5,565 sqft
Price per Sqft $76
MLS Listing ID 22504607
Year Built 1910
Annual Tax Amount $8,240
Tax Year 2024
Lot Size 4.460 Acres
Acres 4.46
Property Sub-Type Restaurant,Tavern/Bar,Retail,Restaurant/Supper Club,Recreation/Health Club,Mixed use
Property Description
Unlock the potential of this unique 5,565 sq ft commercial building set on 4.46 acres with high-visibility frontage along Hwy 54/Plover Rd. Formerly the Highway 54 Family Restaurant, this well-maintained property offers a variety of use options, including hospitality, retail, storage, or redevelopment. The main structure features a spacious restaurant and bar layout with granite- topped bar, Ansul hoods, a screened dining porch, restrooms, and ample seating areas. The kitchen and interior underwent renovations around 2010 and 2014, offering a modern and functional commercial setup. A large shop/garage area and an abundance of parking space. Bonus Income Potential: Above the commercial space is a beautifully finished 3-bedroom, 2-bathroom apartment, offering supplemental income or on-site owner/operator housing. This residential space includes updated amenities and is a rare find for properties of this kind.,Prime Location & Accessibility: Situated just outside Wisconsin Rapids, this property sits in a popular corridor with high daily traffic and easy access to surrounding communities. Its location and layout offer flexibility for investors, entrepreneurs, or those seeking mixed- use development. Possibilities for Future Use With its spacious layout, highway visibility, ample acreage, and existing infrastructure, this property offers a range of creative possibilities for development or repurposing, including but not limited to: ? Event Center or Wedding/Banquet Venue Host receptions, reunions, and private events with a unique indoor/outdoor setup. ? Restaurant or Bar Reopen the former dining space with its functional kitchen and bar area. ? Mini-Golf Course or Outdoor Activity Space Utilize the acreage for family-friendly recreation to draw seasonal foot traffic. ? Coffee Shop or Ice Cream Parlor Turn the location into a charming roadside stop for locals and travelers alike. ? Live Entertainment Venue Repurpose for music nights, open mics, or community events. ? Floral or Gift Shop Ideal for a boutique floral business with room for workspace and display. ? Craft Brewery or Distillery Convert into a taproom or production space for a small-batch brewing operation. ? Office or Studio Space Divide into private offices, co-working areas, or creative studios. Disclosure: The above examples are provided solely for brainstorming purposes and general inspiration. They are not to be construed as guaranteed or permitted uses of the property. Buyers are strongly encouraged to conduct their own due diligence and consult with the Town of Grand Rapids and relevant regulatory agencies to confirm feasibility. The property is being offered for sale in "as-is" condition. The Seller makes no warranties or representations regarding the condition of the property, including but not limited to the structure, systems, well, septic, or any other components. Buyers are encouraged to conduct all desired inspections and due diligence.
Location
State WI
County Wood
Zoning Commercial
Interior
Heating Natural Gas
Cooling Forced Air, Central Air
Exterior
Exterior Feature Wood
Roof Type Shingle,Rubber/Membrane
Building
Sewer Well, Private Septic System
New Construction N
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