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Eddy B's White Spruce Inn 419 N Railroad St 3,300 SF Retail Building Eagle River, WI 54521 $1,814,696 CAD ($549.91 CAD/SF)
INVESTMENT HIGHLIGHTS
- Turn-key, waterfront supper club with boat slips and tiki bar on the world’s largest chain of freshwater lakes.
- Optional adjacent home available—ideal for owner-occupancy, staff housing, or additional rental income.
- Highly successful, year-round business with strong local following and tourist traffic from both summer boating and winter snowmobiling.
EXECUTIVE SUMMARY
**For Sale: Iconic Northwoods Supper Club on Premier Waterfront Location**
**Property Overview:**
This is a rare opportunity to own a well-established, turn-key supper club in the heart of Wisconsin’s Northwoods. **Eddy B’s White Spruce Restaurant & Tavern** is a beloved destination in Eagle River, ideally located on the banks of the Eagle River Chain of Lakes—the world’s largest inland chain of connected freshwater lakes. With a history dating back to 1884, the property blends rustic charm with modern amenities and a strong local following.
**Property Highlights:**
* Highly successful, fully operational supper club with strong year-round revenues
* Prime waterfront location with direct boat access and 12 private slips
* Expansive outdoor deck with tiki bar offering scenic views of the river
* Classic log cabin architecture with cozy Northwoods ambiance
* Located along a major snowmobile trail—ideal for winter traffic
* Turn-key sale includes furniture, fixtures, equipment, and business goodwill
**Additional Opportunity:**
An **adjacent single-family home** is available for separate purchase, providing a perfect onsite residence for an owner-operator, employee housing, or additional rental income.
**Location Benefits:**
* High visibility and easy access from downtown Eagle River
* Sits at the gateway between the Eagle River and Three Lakes chains
* Popular with tourists, boaters, snowmobilers, and locals alike
* Surrounded by resorts, vacation rentals, and year-round outdoor recreation
This is an exceptional opportunity to step into a thriving hospitality business in one of Wisconsin’s most sought-after lakefront communities.
**Contact us today** for financials, a private showing, or to learn more about the business and optional adjacent home.
**Property Overview:**
This is a rare opportunity to own a well-established, turn-key supper club in the heart of Wisconsin’s Northwoods. **Eddy B’s White Spruce Restaurant & Tavern** is a beloved destination in Eagle River, ideally located on the banks of the Eagle River Chain of Lakes—the world’s largest inland chain of connected freshwater lakes. With a history dating back to 1884, the property blends rustic charm with modern amenities and a strong local following.
**Property Highlights:**
* Highly successful, fully operational supper club with strong year-round revenues
* Prime waterfront location with direct boat access and 12 private slips
* Expansive outdoor deck with tiki bar offering scenic views of the river
* Classic log cabin architecture with cozy Northwoods ambiance
* Located along a major snowmobile trail—ideal for winter traffic
* Turn-key sale includes furniture, fixtures, equipment, and business goodwill
**Additional Opportunity:**
An **adjacent single-family home** is available for separate purchase, providing a perfect onsite residence for an owner-operator, employee housing, or additional rental income.
**Location Benefits:**
* High visibility and easy access from downtown Eagle River
* Sits at the gateway between the Eagle River and Three Lakes chains
* Popular with tourists, boaters, snowmobilers, and locals alike
* Surrounded by resorts, vacation rentals, and year-round outdoor recreation
This is an exceptional opportunity to step into a thriving hospitality business in one of Wisconsin’s most sought-after lakefront communities.
**Contact us today** for financials, a private showing, or to learn more about the business and optional adjacent home.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$7,439
|
$2.25
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$7,439
|
$2.25
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Taxes (CAD) | |
|---|---|
| Annual | $7,439 |
| Annual Per SF | $2.25 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $7,439 |
| Annual Per SF | $2.25 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,300 SF
Building Class
C
Year Built
1884
Price
$1,814,696 CAD
Price Per SF
$549.91 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.51 AC
Opportunity Zone
Yes
Zoning
C-2 - Community Business
Parking
40 Spaces (12.12 Spaces per 1,000 SF Leased)
Frontage
370’ on Railroad St N
AMENITIES
- Fireplace
- Restaurant
- Signage
- Waterfront
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 221-237 | Total Assessment | $661,618 CAD |
| Land Assessment | $246,220 CAD | Annual Taxes | $7,439 CAD ($2.25 CAD/SF) |
| Improvements Assessment | $415,398 CAD | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Number
221-237
Land Assessment
$246,220 CAD
Improvements Assessment
$415,398 CAD
Total Assessment
$661,618 CAD
Annual Taxes
$7,439 CAD ($2.25 CAD/SF)
Tax Year
2024 Payable 2025
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Eddy B's White Spruce Inn | 419 N Railroad St
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