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106 HWY 51 | 199273 | First Weber REALTORS
Listing provided courtesy of REDMAN REALTY GROUP, LLC - MLS#199273MLS Provider

106 HWY 51

Arbor Vitae, WI 54568
Commercial · 1 Bed · 3 Full Baths

$750,000 Active

Overview

Time on Site:
166 days
Visits:
4

Opportunity to own well established Outback 51 Bar & Restaurant on high traffic, highly visible location on Hwy 51. Tap into the potential of all the tourist traffic. Building seats 40+ patrons, as well as offering patio seating. The back yard offers horseshoe pits & volleyball courts. Full bar & fully equipped kitchen are included in purchase. This 1.5 acre property features access to Woodland Lake & snowmobile/ATV trails. Also on the property are a 2BD/1BA cabin & an 18'x 28' 2 car garage with extra storage room. Included in the amenities of this location are city water & sewer, natural gas & cable TV/internet. Grow your business and thrive in this stellar location!

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Facts & Features

  • Type Commercial

General

Business Information
  • Business Name: Outback 51
  • Business Type: Bar/Tavern/Lounge, Restaurant
Location/Region
  • Township: VI Arbor Vitae
  • Postal City: Arbor Vitae
  • County Or Parish: Vilas
Community/Development
  • Community Features: Sidewalks
Tax Information
  • Tax Year: 2022
  • Tax Annual Amount: $3,027.00
General Information
  • Inclusions: Real Estate and Business, Fixtures, Equipment, Inventory, Stock-in-trade, Supplies
  • Parcel Number: 2-1850, 2-1849, 2-1851
  • Property Type: Commercial Sale
  • Property Sub Type: Business

Interior

Beds/Baths
  • Bathrooms Full: 3
  • Bathrooms Total: 3
  • Bedrooms Total: 1
Building Interior
  • Building Area Total: 3360
General Information
  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Flooring: Wood
  • Heating: Forced Air, Natural Gas
  • Cooling Y/N: Yes
  • Heating Y/N: Yes
  • Stories Total: 1

Exterior

Parking Information
  • Parking Features: Paved, Private, Driveway
Lot Information
  • Frontage Length: 27
  • Frontage Type: Lakefront
  • Lot Features: Lake Front, Level
  • Water Source: Public
  • Road Surface Type: Paved
  • Lot Size Square Feet: 65340
Waterfront/View
  • View Y/N: Yes
  • Waterfront Features: Shoreline - Fisherman/Weeds, Lake Front
  • Waterfront Y/N: Yes
  • Water Body Name: WOODLAND
Building Exterior/Construction
  • Roof: Composition, Shingle
  • Construction Materials: Brick, Frame, Wood Siding
General Information
  • Sewer: Public Sewer
  • Utilities: Cable Available, High Speed Internet Connected
  • Other Structures: Outbuilding
  • Road Frontage Type: Highway

Neighborhood

Community

54568 (Arbor Vitae) Demographics
52
Median Age
56
Population Density (per sq. mile)
39%
College Educated
$47,022
Estimated Median Income
1,852
Estimated Total Home Owners
502
Estimated Total Renters
79% / 21%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

Elementary Schools
4
Public
Arbor Vitae-Woodruff Elementary
  • Grades: PK - 8
  • Enrollment: 520
Middle Schools
4
Public
Arbor Vitae-Woodruff Elementary
  • Grades: PK - 8 /
  • Enrollment: 520
High Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

Monthly Cost

$
$ %
%
$
$
**Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

Market Data

Based on the last 30 days in this zip code

$426,849
Median Sales Price
$4,042
Median Price per Square Foot
0
Properties Sold
6
New on Market
111
Average Days on Market
20
Properties for Sale
Calculations provided by Reliance Network

History

Date Event Value
10/13/2022Source: Greater Northwoods MLS Price Reduction
$885,000 -15.3%
10/6/2022Source: Greater Northwoods MLS Added to Database