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Key Details
Sold Price $495,000
Property Type Commercial
Sub Type Business Opportunity w/RE
Listing Status Sold
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $123
MLS Listing ID 22201027
Sold Date 01/11/23
Year Built 1926
Annual Tax Amount $3,681
Tax Year 2021
Lot Size 6.000 Acres
Acres 6.0
Property Sub-Type Business Opportunity w/RE
Property Description
This is an opportunity to purchase a turnkey restaurant that is also a piece of history. Headwaters Restaurant and Tavern is a one of a kind restaurant that encompasses the majesty of the great Northwoods and surpasses its neighbors in history, charm and success. Founded in 1926, the Headwaters has entertained countless guests for nearly a hundred years. Some famous people such as Elizabeth Taylor and Former President Dwight D. Eisenhower have visited the establishment. This well established supper club features a warm casual atmosphere on the banks for the Manitowish River. It is a large restaurant that can seat 150 people with an additional 40 seats available during the warm season. The kitchen and bar are fully equipped and feature all supplies and equipment, 5 gaming machines, a TouchTunes jukebox, pool table, outside picnic tables, signs and boat dock. The building is situated on 6 acres of land with easy access from the snowmobile and bike trails. The dock is perfect for those that are canoeing or kayaking to Boulder Lake.
Location
State WI
County Vilas County
Area Other
Zoning Commercial
Rooms
Basement Block, Poured Concrete, Walk Out/Outer Door
Interior
Heating Forced Air
Cooling Central
Exterior
Parking Features 50+
Roof Type Shingle
Building
Lot Description Headwaters has been a favorite dining spot for locals, tourists and cabin owners for several generations. A visit to Headwaters is a seasonal tradition for visitors to the area. In the summer time families flock to the area to open up their cabins, do some fishing and enjoy all that the area has to offer. Vilas County has some of the best groomed hiking trails and bicycle trails, UTV, fishing, and boating sports in the state and beyond. In the wintertime snowmobilers travel the groomed area trails and make Headwaters the place to stop for a warm meal and a cocktail. Boulder Junction and the area is a perfect place to enjoy cross country skiing, snowshoeing and ice fishing. No matter the season Headwaters has been a stopping place for adventure seekers in area since 1926. Headwaters Restaurant and Tavern is a historic destination made of half-log construction in the classic Northwood’s style. It is a historic log cabin that was built during the Prohibition Era that offered lodging to hunters and fisherman. It has been the meeting place for outdoorsmen for several generations. The décor celebrates hunters and fisherman with sports trophies hung around the bar and restaurant. This is a fully functioning restaurant and tavern. Sale includes a fully equipped kitchen, all kitchen, dining room, bar supplies and equipment, stocked bar, seating for 150 people. 10 outside patio tables chair and 2 picnic tables overlooking scenic views of the Manitowish River. U shaped dock. Sale includes pool table, 5 gaming machines and TouchTunes jukebox. INVESTMENT HIGHLIGHTS • Turnkey. Great Opportunity to buy a fully functioning, fine dining restaurant and tavern for $550K • Headwaters Restaurant and Tavern is located at 5675 CTH M, Boulder Junction, Wisconsin. Off County Highway M on the Manitowish River. • Well established restaurant location since 1926. • Featuring a fully equipped kitchen, including all kitchen, dining room, bar supplies and equipment, stocked bar, seating for 150 people. 10 outside patio tables chair and 2 picnic tables overlooking scenic views of the Manitowish River. Sale includes pool table, 5 gaming machines and TouchTunes jukebox • Freestanding Restaurant on 6 Acre parcel. Large gravel parking lot holds 50+ cars. UTV and snowmobile accessible. Includes 30’x 20’(approximate size) barn • Direct access to snowmobile and bike trails. Easy access to hiking and cross-country ski trails.
Sewer Well
Water Well
Others
Tax ID 1GL213
Energy Description Natural Gas
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Bought with NON-MLS OFFICE