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Northwoods Bar & Grill in Three Lakes, Wisconsin - Turnkey business opportunity in prime recreational tourism market! Own a piece of Northwoods history with 32 South Bar & Grill, a well-established and iconic business in a quaint, resort-driven community. Surrounded by forests and lakes, and located just off the Three Lakes/Eagle River Chain of Lakes and on historic memorial Highway 32, this well-known destination benefits from a reliable local following, steady tourist traffic, and a strong year-round revenue stream. The location offers exceptional recreational tourism access, within walking-distance to a campground, airport, golf course, resort, boat launch, and marina, plus direct access to snowmobile and ATV trails. The property features classic Northwoods character/rustic charm, along with several distinctive amenities, including an air-stream VIP Room, a heated and air-conditioned garage bar, an outdoor stage, and a fenced-in outdoor area suitable for concerts, private parties and gatherings. Current ownership has invested heavily back into the business, addressing building and equipment needs and making numerous improvements and upgrades. Recent improvements include: new freezers/refrigerators/coolers; upgraded parking lot, septic system, and electrical system; new fencing and gates; new bar flooring and subfloor, along with other investments designed to strengthen the operation and enhance customer experience. High-speed internet and natural gas add to the property's functionality. The business also features 5 gaming machines, an air hockey table, foosball table, pool table, 2 dart boards, 2 juke boxes, and additional games, all generating significant additional revenue. Healthy financial reports and a proven operating history provide an excellent foundation for a new owner to build upon. Don’t miss this unique opportunity to own a thriving turnkey Northwoods bar and grill in an established and recognizable destination market. Life is great North of 8!

Highlights

  • Commercial Sale
  • Business
  • 78 days on Market

  • Bathrooms
    0 full · 2 half
  • Stories
    1.0
  • Construction Materials
    Wood Siding, Frame
  • Flooring
    Vinyl, Wood
  • Cooling
    Central Air
  • Heating
    Forced Air, Natural Gas

  • Utilities
    Cable Available

  • County
    Oneida
  • City
    Three Lakes
  • Zip Code
    54562

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Frequently Asked Questions

How do I schedule a tour of 1002 Highway 32?

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 1002 Highway 32.

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 1002 Highway 32?

Click Ask a Question to talk with our team. You already know it is a N/A bed, 1.0 bath, listed for $499,900. We can talk through recent upgrades, potential seller motivation, how this business compares to others in Three Lakes, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 1002 Highway 32?

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 1002 Highway 32 at around $2,975. 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 1002 Highway 32?

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 1002 Highway 32?

In most cases, yes. Whether 1002 Highway 32 is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Three Lakes'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 1002 Highway 32?

We can handle that for you. Our preferred local agent specializes in commercial sales in Three Lakes 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 $499,900 with 1,780 sqft of space—that comes out to approximately $281 per square foot.

How long has this property been on the market?

1002 Highway 32 was listed on August 28, 2026, which means it's been on the market for 78 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 1002 Highway 32?

The most recent public record shows annual property taxes for 1002 Highway 32 were approximately $1,562. 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 1002 Highway 32 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 14, 2026 at 08:55PM | Source: Greater Northwoods MLS | MLS#: 219316