3428 Faust Lake Rd N | $134,900
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COLDWELL BANKER MULLEADY-ER
226 W. Pine St.
Eagle River, WI
United States 54521

Details

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Years (35 year max)
Years



Address 3428 Faust Lake Rd N
AreaOneida
Sub AreaPelican
State/ProvinceWisconsin
CountryUnited States
Price$134,900
Property TypeRestaurant/Bar
Bathrooms3
Floor Space2918 Square Feet
Lot Size2.03 Acres
WaterfrontNo
Year Built1932
ParkingPrivate over 10, Unpaved
Taxes $1,787
Tax Year2022
Buyer Commission*2.8
MLS® #194959

The Al-Gen was long the Northwoods standard for Wisconsin’s famed Supper Clubs. Recently closed due to a kitchen fire, the nostalgic, log-constructed building—painted in classic cabin red—remains functional as a tavern. The interior features a horseshoe-shaped bar that was always overflowing with laughter and conversation, two restrooms*, and two "dividable" former dining areas (each with open-beamed ceilings and gas fireplaces) that could be repurposed for tavern seating, pool and dart leagues, and/or meeting space. There is ABUNDANT parking and a kid's game room (open seasonally). Although it would take a great deal of capital investment to bring the kitchen portion up to current code, the Al-Gen retains its historic atmosphere and could provide a wonderful opportunity for someone looking to get into the tavern business at a very affordable price. The liquor license should be transferrable subject to township approval.


*Offer of Buyer Agent compensation is made only to Participants of the MLS where this listing is filed.


Listed by FIRST WEBER - RHINELANDER Ph: (715) 365-3000


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