Sawyer County, WI Commercial Property
High Point Land Company is honored to present the Loretta Steak House in the city of Loretta in Sawyer County, WI at online public auction on High Point Land Company's website with bidding now open! This auction will end on August 6th 2021 at 2 p.m. Located 11 miles from Winter, WI, 14 miles from the Chippewa Flowage, 21 miles from Park Falls, and 35 miles to Hayward, this premier turn key bar and restaurant is centrally located right in the heart of the Northwoods! This 1.034 +/- acre property is located off of busy Highway 70 and there are many amenities close by such as the Tuscobia State atv/snowmobile trail right across the road, several lakes for boating and fishing opportunities, and national forests for public hunting opportunities. With the endless amount of tourism opportunities in the area, it is apparent the Loretta Steak House is a great attraction! The Loretta Steak House on Friday & Saturday nights during the summer months serves up to 100-130 people from 4-9 p.m. Boasting 4,320 square feet, this business has held a wide array of events such as wedding receptions, family reunions, pool and dart leagues, and atv/snowmobile group events. The Loretta Steak House even does catering! The Sale of this property shall include all bar & restaurant equipment and will come fully furnished! This business has many excellent features and updates! A new ice machine was added which was $4,500, new kegerator for tap beer, new bottle cooler, 2-year-old reach in freezer, 2 new pizza prep tables that are less than 2 years old, and new Alto Sham which is a specialized oven for cooking meats. The patio is 2 years old, snap flooring throughout bar/restaurant which is 2 years old, and bar stools that are only a year old! The bar also has new tv's, new speakers and receiver, new glassware, and new back bar shelves. The pool table, dartboard, and jukebox are owned by Lindy Equipment and every 6-8 weeks they service and collect funds. There is also a quarter machine in the bar that will go with the sale! There is an ATM in the bar that is owned by a private party that is being leased through Associated Bank that brings additional income. This elegant building also has a steel roof, new well pump, and a new water system from Kinetico, hardwood doors, and log siding on the bar. The bar walls also have been recently painted. Sitting on 1.034 acres, there is plenty of room for activities. Whether it be hosting bean bag tournaments, horseshoe league, or even adding a tiki bar; there is plenty of room on this property to let your imagination run wild! Being centrally located to so many amenities and being a well-established business, The Loretta Steak House makes for a great investment and will surely check all the boxes! Property Features: • Sawyer County known for its tourism opportunities • Excellent location in respect to atv/snowmobile trail, lakes, national forests, and busy highway 70 • Many new pieces of commercial bar/kitchen equipment. • New tv's, speaker system & receiver, glassware, and new back bar shelves. • New Kinetico water system & well pump • Attached owner's apartment with 1 bedroom and 1 bathroom previously rented at $420 per month. • Garage for storage of equipment/personal items. (Lawn mower will come with sale) • Larger building able to host wide array of events and activities. • Large basement for storage. • Upper-level loft space above bar/restaurant could be used as additional living space or used as excellent storage/office space.
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