Barnum Bay Marina and The Lure Bar & Grill
Property Details
| Sale Price: |
Property Description
SVN | Northco is pleased to present the sale of Barnum Bay Marina and The Lure Bar & Grill, which is located on the east side of Lake Petenwell along the Wisconsin River ("Property"). The Property is a lakeside restaurant and bar operation with boat docking and related services which has successfully been catering to the needs of individuals for decades. The property consists of 10.8 acres and offers 450 feet of water frontage along the beach which is open to the public and provides a space to moor or dock boats. This unique property offers numerous development opportunities and consists of a variety of buildings in a prime location on Wisconsin's 2nd largest lake. The outdoor patio is a great gathering space which overlooks the sunset each night and has people coming back time after time to this remarkable location!
Highlights
- Well-known, profitable lakeside marina, beach, and bar & grill - 16.18% cap rate
- Located on Lake Petenwell, Wisconsin's 2nd largest lake which covers more than 23,000 acres with 101 miles of shoreline
- The only major marina and only fuel on the lake, 106 wet slips with power and potential for 20+ more. Facility includes showers, restrooms, bar, restaurant, and trailer parking
- 10.8 acres with 450 feet of water frontage, approximately 3.45 acres is still undeveloped
- Additionally available, but not included in the sale price, are two adjacent parcels that total about 12 acres
- Development opportunities at the Property include a campground, lodging, condos/townhomes, dry storage, boat maintenance, and more
- Income streams include the restaurant and bar (open year-round), the rental of wet and dry slips, fuel sales, and related services
- Key employees open to staying on, owner is open to consulting through the transition
- There are a variety of buildings including the bar building with a porch overhang, the office, a pole building, and a seasonal use open bar area, all of which show upgrades and regular maintenance
- The spacious outdoor patio bar is in a prime location and attracts individuals from all over to watch the sunset each night
- Host to many large events throughout the year including boat races, ice races, charity events, and more
- The Property provides a shoreline sea wall and boat ramp with floating docks and features spots for catamarans on the beach
- The Property is located in a prime location with tourism being the main draw to the area. Wisconsin Dells and the Sand Valley Golf Resort are in close proximity
- Other area activities include hiking trails, biking trails, fishing, horseback riding, boating, snowmobile trails, cross county skiing/snowshoeing trails, ATV trails, and more
Map
Location Description
The Property is located in the town of Nakoosa, WI, on the east shore of Lake Petenwell, which is Wisconsin's 2nd largest lake. Located in Central Wisconsin, Lake Petenwell is a man-made lake that covers more than 23,000 acres, is 44 feet deep, and spans Adams, Juneau, and Wood Counties next to Castle Rock Lake. The lake was created in 1948 by the Wisconsin River Power Company with the construction of a dam across the Wisconsin River. This prime location offers small-town charm and is the northern gateway to the large Petenwell Lake Resort Area. Both residences and visitors have easy access to this area by crossing the Wisconsin River on the recently expanded bridge. The lake is a popular destination for outdoor enthusiasts that love fishing, skiing, boating/sailing. Fish include Musky, Panfish, Largemouth Bass, Smallmouth Bass, Northern Pike, Walleye, Sturgeon, and Catfish. Other area activities include hiking trails, biking trails, horseback riding, snowmobile trails, cross-county skiing/snowshoeing trails, ATV trails, and more.
The property is located approximately 40 miles north of the popular vacation destination known as Wisconsin Dells. Wisconsin Dells is known for its thrilling attractions, indoor and outdoor waterparks, festivals, live entertainment, and fine dining options. In addition, the Property is located only 5 miles from the popular Sand Valley Golf Resort. Known for its tumbling prehistoric sand dunes of central Wisconsin, the Sand Valley Golf Resort features three unique golf courses which is known as America's newest hidden gem.
Distances from larger cities include:
Wisconsin Dells, WI- 50 miles north of the Wisconsin Dells
Madison, WI- 100 miles north of Madison
Green Bay, WI - 112 miles west of Green Bay
Milwaukee, WI - 160 miles northwest of Milwaukee
Minneapolis, MN - 190 miles east of Minneapolis
Chicago, Il - 230 miles north of Chicago
Local airports include Wisconsin Rapids (7 miles) and Stevens Point (30 miles). Nearby International airports include Austin Straubel International Airport, Green Bay (120 miles), General Mitchell International Airport, Milwaukee (180 miles), Minneapolis-Saint Paul International Airport, Minneapolis (190 miles), and Chicago O'Hare International Airport, Chicago (230 miles).
Brokers
Share to Social
Request More Info
Available Spaces
All Documents
Access DocumentsExplore More Properties
Vintage Vermilion Cabins and Retreat
$2,795,000
Sundance Trail Guest Ranch
$2,995,000
Prime Retail For Lease on Hamline and Grand Avenues
Negotiable
Timber Bay Lodge and Houseboats
