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Investment Highlights

  • Established Northwoods supper club with approximately 485 feet of combined Eagle River frontage.
  • Offering includes an adjacent 3-bedroom, 2-bath riverfront residence with additional renovation underway.
  • Waterfront dining, dockage, expansive riverside deck and seasonal tiki bar on the Eagle River Chain of Lakes.

Executive Summary

Eddie B’s White Spruce is a well-established Northwoods supper club and tavern in Eagle River, Wisconsin, known for its authentic log-cabin atmosphere, classic Wisconsin hospitality, and loyal year-round following. Operating from a historic riverfront building, the restaurant delivers the quintessential supper club experience—prime rib, fish fry, hand-crafted cocktails, and warm, inviting dining spaces that attract both locals and visitors.
The property benefits from an exceptional location along the Eagle River Chain of Lakes, offering dockage, an expansive riverside deck, and seasonal tiki bar that enhance the waterfront experience and support strong summer traffic, while nearby snowmobile trail access contributes to winter demand. The business is fully equipped with an established operating layout designed to support restaurant, bar, and event service.
An adjacent riverfront property with a 3-bedroom, 2-bath residence is included in the offering, providing additional flexibility for owner occupancy, staff housing, rental use, or future plans. Together, the properties offer approximately 485 feet of Eagle River frontage, combining an established destination supper club with substantial waterfront real estate just minutes from downtown Eagle River.

Taxes & Operating Expenses (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2025)

Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $12,037
Annual Per SF $3.65

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,300 SF
Building Class
C
Year Built
1884
Price
$1,931,138 CAD
Price Per SF
$585.19 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.80 AC
Opportunity Zone
Yes
Zoning
Commercial & Residential
Parking
40 Spaces (12.12 Spaces per 1,000 SF Leased)
Frontage
370’ on Railroad St N

Amenities

  • Fireplace
  • Restaurant
  • Signage
  • Waterfront
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Nearby Major Retailers

Pick 'N Save
Nicolet National Bank
BMO
Caribou Coffee

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 221-779
  • 221-237
Land Assessment
$392,025 CAD
Improvements Assessment
$599,633 CAD
Total Assessment
$991,658 CAD
  • Listing ID: 36150825

  • Date on Market: 2025-06-06

  • Last Updated:

  • Address: 419 N Railroad St, Eagle River, WI 54521

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