Wheelhouse Restaurant

Retail-Commercial for Sale
Catylist Listing ID: 30333790
Property Subtypes: Restaurant
Building Size (RSF): 3,800 SF
Gross Building Area: See Agent
Gross Land Area: 2.23 Acres
Sale Price: $110,000
Unit Price: $28.95 PSF
Property Use Type: Business
Building Name: Wheelhouse Restaurant
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/2/2018

Overview / Comments

Large volume restaurant, the Wheelhouse has a reputation and great clientele in a town known for Reinke Irrigation and the Worlds Largest Broom Factory! Located right off Heritage Hwy 136 this establishment is easily accessible. The Wheelhouse is clean and attractive inside and out. The owners have updated the kitchen, bar and dining area - which seats 180. Cement padded picnic tables outside and a beer garden that holds 40. Excellent opportunity to own an iconic restaurant. Contact us today!

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $1,188 (Annual)
Tax Value Land $13,690
Tax Value Improvements $133,841
Gross Operating Income $450,000 (Annual)

Additional Details

Nearest MSA: Lincoln
County: Thayer
Tax ID/APN: 850027535
Retail Clientele: Family, Business, Traveler, Tourist
Property Visibility: Good
Largest Nearby Street: Hwy 136 81
Feet of Frontage: 548
Highway Access: yes
Airports: Hebron, Grand Island, Lincoln
Site Description: Level, 2.23 acres
Area Description: Deshler is home of the world’s largest Broom Factory in the ’50s-’60s. Since then Deshler is known for Reinke Pivot Irrigation, you can watch the original pivot, 1968, still working on the Northwest corner of the Deshler west entrance. The east entrance to Deshler greets you with Centennial Park Arboretum complete with a gazebo with numerous trees and plants. There are 15 species of memorial trees and 32 varieties of shrubs and native grasses. As you travel down Main Street, you see another park called The Friendship Garden. We invite you to sit on the limestone benches, watch for the many birds in the creek area and have your picture taken with our dragon sculpture. The Rattlesnake Disc Golf Course is quite challenging with nine holes spread out over a 3/4 mile course. The course starts at the Friendship Garden, follows the creek, has holes at the fairgrounds, ball field, City Park and then back to the Friendship Gardens. As you travel back up town, you may hear the Old Bank clock chiming every 15 minutes letting you know the time. The old original clock, controlled by a wind-up clock that needed to be wound up once a week, is located in the bank building. The chimes have been replaced and now Deshler is back to knowing just what time it is 24 hours a day. No one remembers when the chimes quit playing but everyone is delighted the chimes are playing again. Deshler Daze is celebrated the third weekend in June, with a BBQ chicken supper on Friday, breakfast, games and food in the park, Cardboard Duct Tape Boat races at the swimming pool, Alumni Banquet on Saturday, and church services on Sunday. As you leave Deshler traveling west on Highway 136, look toward the west past the pond on the south side of Highway 136, see the variety of animals that are in pasture. As you continue to go west, you will see Sky Hawk Field, where the remote control airplanes can be seen flying loop-to-loops and other interesting patterns. Next, you will see the old one-room schoolhouse that was moved to this location. Stop and peek into the windows to reminisce the olden days. The Deshler City Park has the swimming pool, ball fields, picnic areas, disc golf course, camping, play equipment and horseshoe pits. Free camping is available in the City Park with electrical hook-ups and water.
Total Number of Buildings: 1
Number of Stories: 15
Typical SF / Floor: 3,800 SF
Property Condition: Excellent
Year Built: 1967
Year Renovated: 2012
Roof Type: Gable
Construction/Siding: Brick/Aluminum Siding
Exterior Description: Aluminum siding with brick base. Features an old steam engine
Total Parking Spaces: 60
Parking Type: Surface
Parking Description: Level, paved and rocked.
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: DSL
Zoning Description: Commercial
Lot Frontage: 548
Lot Depth: 179
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines
Legal Description: 13 2 4 2.231 AC OF IRR TR 78 IN NW4NW4 60-4

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