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Island City Lanes & Lounge, Minocqua, WI - Well established bowling center with lounge and restaurant. Located on Hwy 51 with terrific local following, steady seasonal tourist traffic, and 8 bowling leagues. There are 12 synthetic lanes, a large sports bar area great for watching the big games as well as car races, a game room for the kids, and a large, recently resealed, parking lot. Excellent business with great financials. Fiber optic internet, 16 x 24 storage garage, city sewer and water, natural gas, and recent improvements including new flooring and exterior​​‌​​​​‌​‌​​​​‌​​‌​​​​‌‌ staining.

Highlights

  • Commercial Sale
  • Business
  • 828 days on Market

  • Stories
    1.0
  • Construction Materials
    Other, Metal Siding
  • Parking Features
    Private, Paved
  • Cooling
    Central Air
  • Heating
    Forced Air


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Frequently Asked Questions

How do I schedule a tour of 8085 Highway 51?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 8085 Highway 51.

They know commercial sales in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 8085 Highway 51?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $1,399,000. We can talk through recent upgrades, potential seller motivation, how this business compares to others in Minocqua, and can even get you in to see the property quickly.

How do I get a virtual tour of 8085 Highway 51?

Yes! A virtual tour is available for 8085 Highway 51. Click here to view the full walkthrough and explore every room at your own pace. If you would like a guided virtual showing or have questions along the way, we can connect you with our local expert to walk you through it live.

How much is the monthly mortgage payment for 8085 Highway 51?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 8085 Highway 51 at around $8,344. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 8085 Highway 51?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Oneida County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 8085 Highway 51?

In most cases, yes. Whether 8085 Highway 51 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Minocqua's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 8085 Highway 51?

We can handle that for you. Our preferred local agent specializes in commercial sales in Minocqua and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $1,399,000 with 15,624 sqft of space—that comes out to approximately $90 per square foot.

How long has this property been on the market?

8085 Highway 51 was listed on August 06, 2024, which means it's been on the market for 828 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

What are the property taxes for 8085 Highway 51?

The most recent public record shows annual property taxes for 8085 Highway 51 were approximately $4,586. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 8085 Highway 51 still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, Greater Northwoods MLS. All rights reserved.

Last Updated: November 12, 2026 at 09:54AM | Source: Greater Northwoods MLS | MLS#: 208322