Liquor in the Woods
Turnkey Northwoods Bar + Apartment – Real Estate Included
Marketing description
Liquor in the Woods presents a turnkey opportunity to acquire a fully operational bar and mixed-use property with real estate included, located in Iron River, Wisconsin along US Highway 2. This offering combines an established neighborhood tavern with a remodeled residential unit, creating both income potential and lifestyle flexibility.
The business operates from a functional and efficient layout featuring a fully equipped bar, ample seating, and all necessary furniture, fixtures, and equipment to support immediate, seamless operations. The space is designed for ease of management, making it well suited for an owner-operator or hands-on buyer seeking a manageable footprint.
The property benefits from a consistent mix of local regulars and seasonal visitors. Its location along a primary east–west corridor in northern Wisconsin provides steady pass-through traffic, while the surrounding area supports tourism driven by outdoor recreation. Nearby lakes, trail systems, and access to the Chequamegon National Forest contribute to repeat visitation and increased seasonal demand.
Above the bar, the remodeled two-bedroom apartment offers flexibility as either an owner-occupied residence or an income-producing rental. This mixed-use configuration enhances the overall investment profile by offsetting operating costs or providing additional revenue.
The building includes approximately 1,288 square feet on the main level with a capacity of approximately 75 patrons, along with a full basement that provides additional storage and utility space. The property also features an outdoor beer garden and sits on a compact, easy-to-maintain site with on-site parking, supplemented by nearby street and public parking options.
The business has maintained stable annual sales, providing a solid foundation for a new owner. Opportunities exist to enhance performance through extended hours, updated menu offerings, events, or a refreshed concept tailored to both local and visitor demand. The existing setup allows a buyer to step in and operate immediately while implementing improvements over time.
The offering is well suited for a buyer seeking a lifestyle-oriented investment in a Northwoods market, with the ability to live and work on-site. It may also appeal to investors looking for a mixed-use property with operational upside and multiple income streams.
The business name may be included or excluded in the sale at the buyer’s discretion, providing flexibility for continuation or rebranding.
Asking price is $229,000, which includes real estate and furniture, fixtures, and equipment. Inventory is not included in the asking price.
Investment highlights
Turnkey Bar with Real Estate Included
Fully equipped operation with all FF&E in place, allowing for immediate takeover with minimal startup costs.
Mixed-Use Income Opportunity
Includes a remodeled two-bedroom apartment, ideal for owner occupancy or supplemental rental income.
High-Visibility Highway Location
Positioned along US Hwy 2 with consistent local traffic and strong seasonal tourism flow.
Established Customer Base
Longstanding neighborhood tavern with repeat local patronage and year-round operating history.
Owner-Operator Friendly Footprint
Efficient layout and manageable size support hands-on ownership with controlled labor and overhead.
Value-Add Potential
Opportunity to increase revenue through expanded hours, menu enhancements, events, or concept repositioning.
Tourism-Driven Market
Located in a Northwoods destination supported by lakes, trail systems, and outdoor recreation.
Flexible Branding Opportunity
Continue operating under existing name or rebrand to suit new ownership vision.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
