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Key Details
Sold Price $270,000
Property Type Commercial
Sub Type Restaurant,Tavern/Bar,Restaurant/Supper Club,Other
Listing Status Sold
Purchase Type For Sale
Square Footage 10,118 sqft
Price per Sqft $26
MLS Listing ID 22100695
Sold Date 05/11/21
Year Built 1900
Annual Tax Amount $4,920
Tax Year 2020
Lot Size 3.000 Acres
Acres 3.0
Property Sub-Type Restaurant,Tavern/Bar,Restaurant/Supper Club,Other
Property Description
The famous "Schmidts Ballroom & Bar" is being sold as a TURN KEY OPERATION. This investment commercial property has four streams of revenue: Bar, Ballroom, Hospitality Room & Apartment. The bar seats 75 w/ a full kitchen including deep fryer, charcoal grill, flat iron & two pizza ovens. The Tiki Bar with its outside dining seats 28 & is great for social distancing. This bar is truly a favorite for local patrons as boasted by the 10+ volleyball teams that only play at home, no travelling. Ballroom seats 425 in one seating & has its own bar with another 60+ stools allowing over an 800 guest party. It also has its own kitchen with 3 ovens, 3 phase power, hot & cold buffets, 750 matching china place settings, bathrooms, extra 1.8 acre parking lot & the ballroom floor is the original true hardwood in excellent shape. The hospitality Room is great for private parties & it too has its own full kitchen, Bar & bathrooms. Restaurant dining seats 60 plus 12 at the bar & has its own private zero step entrance.,The two story apartment is nicely finished with kitchen, living room, full bath, office/laundrey room on the main floor & 3 bedrooms plus full bath upstairs. This business is a one stop shop where you can host profitable events from 20 to 800 guests & cater to the early & late crowd at the bar. Everything included except sellers personal items and all food, beer & alcohol. Call today for a private showing.
Location
State WI
County Marathon
Zoning Commercial
Interior
Heating Lp Gas, Oil
Cooling Hot Water, Forced Air, Other, Central Air, Wall A/C
Exterior
Exterior Feature Vinyl
Roof Type Shingle
Building
Sewer Well
New Construction N
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Bought with WISCONSIN REAL ESTATE CO. LLC
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