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Investment Highlights

  • Business + Real Estate Included at $229,000
  • Outdoor Beer Garden + US Highway 2 Visibility
  • Remodeled Two-Bedroom Apartment Included

Executive Summary

Liquor in the Woods offers the opportunity to acquire an established neighborhood bar and mixed-use property along US Highway 2 in Iron River, Wisconsin. Priced at $229,000, the offering includes the business, real estate, and furniture, fixtures, and equipment, along with a remodeled two-bedroom apartment above the bar.
The main level includes approximately 1,288 square feet with a capacity of approximately 75 patrons. The efficient layout features a long full-service bar, ample seating, pool table, gaming, and the equipment necessary to continue operations. A full basement provides additional storage and utility space.
An outdoor beer garden expands the customer area and provides additional potential for live music, trivia nights, special events, and seasonal programming.
The remodeled 767-square-foot, two-bedroom apartment provides an important second component to the property. A new owner can occupy the residence or utilize it as an income-producing rental, creating an opportunity to offset operating costs while owning the underlying real estate.
Liquor in the Woods serves a mix of local regulars and seasonal visitors and benefits from its location along US Highway 2. Iron River and the surrounding area draw visitors throughout the year for lakes, trails, snowmobiling, hunting, fishing, camping, and other Northwoods recreation.
The business provides an established operating foundation with opportunities for a new owner to increase activity through expanded hours, events, entertainment, food offerings, or a refreshed concept. Its manageable footprint and mixed-use configuration make the property particularly well suited for an owner-operator seeking the ability to own the real estate, operate the business, and potentially live on-site.
The business name may be included or excluded at the buyer's discretion, providing flexibility to continue the existing operation or introduce a new concept.
Asking Price: $229,000
Includes real estate and furniture, fixtures, and equipment. Inventory is not included in the asking price.

Taxes & Operating Expenses (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Taxes $1,021 $0.46
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2025)

Taxes (CAD)
Annual $1,021
Annual Per SF $0.46
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $1,021
Annual Per SF $0.46

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
2,200 SF
Building Class
C
Year Built/Renovated
1947/2025
Price
$315,562 CAD
Price Per SF
$143.44 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.51
Lot Size
0.10 AC
Zoning
G2 - Commercial - Zoned G2 Commercial, allowing bar/restaurant use with mixed-use residential component and flexible future repositioning.
Parking
6 Spaces (2.73 Spaces per 1,000 SF Leased)
Frontage
31’ on Old US Highway 2
Fairly walkable
40/100
Exceptionally drivable
100/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
04-024-2-47-08-07-4 00-209-30000
Land Assessment
$28,938 CAD
Improvements Assessment
$106,657 CAD
Total Assessment
$135,595 CAD
Annual Taxes
$1,021 CAD ($0.46 CAD/SF)
Tax Year
2025 Payable 2026
  • Listing ID: 39949321

  • Date on Market: 2026-03-28

  • Last Updated:

  • Address: 7610 US Highway 2, Iron River, WI 54847

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