Steve’s Bar & Restaurant Online Only Auction

Established Restaurant & Bar – Online Real Estate Auction

YOUR TABLE IS READY – BID ON A TURNKEY RESTAURANT & BAR OPPORTUNITY!

ONLINE REAL ESTATE AUCTION – August 25 through September 22, 2026.

Property Preview: Wednesday, September 9, 2026 @N1016 Cty Rd L, Watertown, WI

Additional private showings are available by appointment—call our office to schedule a showing.

After years of serving loyal customers and building a reputation for great food, popular fish fries, prime rib specials, and hometown hospitality, this well-established restaurant and bar is being offered for sale due to retirement. This is an exciting opportunity to purchase an established restaurant property with the real estate property, equipment, furnishings, and fixtures needed to continue operations or bring your own concept to life.

Conveniently located just north of Watertown on County Road L, this property is well positioned to serve both local customers and destination diners. Whether you're an experienced restaurateur, owner-operator, investor, or entrepreneur looking to enter the restaurant business, this property provides an excellent foundation for your next venture.

The property offers approximately 4,500 square feet of total space on 3.345± acres. A welcoming 2,400-square-foot dining area provides seating for approximately 76 guests, while the bar accommodates approximately 20 additional patrons and features six tap lines.

At the heart of the operation is a fully equipped commercial kitchen designed to support a busy restaurant. A large walk-in cooler/freezer measuring approximately 88" wide x 171" deep, along with ample prep, storage, and work areas, provides the infrastructure needed for efficient food service operations.

Outside, the property offers more than 50 parking stalls, providing plenty of room for customers, employees, and busy dining periods. The County Road L location offers convenient access from Watertown and surrounding communities while maintaining the atmosphere of an established destination restaurant.

One of the greatest advantages of this opportunity is that you're bidding on much more than an empty commercial building. The sale includes the building, approximately 3.345± acres of real estate property, kitchen equipment, bar equipment, restaurant equipment, furnishings, and fixtures included with the sale. This gives the successful buyer the foundation to continue restaurant operations without having to start from an empty building.

Continue the tradition that has been established here, introduce a new restaurant concept, create a supper club or neighborhood bar and grill, or bring an entirely new vision to the property. With its manageable size, commercial kitchen, established bar and dining areas, extensive parking, equipment, and acreage, there are numerous possibilities for the next owner.

Terms: Bidding requirements and Terms and Conditions apply to any offer and can be found under the documents tab. Starting bid is $200,000.00 with $25,000 increments up to $350,000.00 and $10,000.00 increments after; 8% buyers fee- High Bid plus 8% equals total purchase price offered, $10,000.00 earnest money with offer to purchase, Seller can accept, reject or counter any offer. Sells As Is, Where Is, No Contingencies/Exceptions. Inspections welcome but seller will not accept offer with inspection contingency. Seller is entertaining offers at any time. Prospective buyers do not have to wait until the auction closes to express interest or submit an offer.