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$1,609,000 -$50,000 (-3.01%) Price Reduced

  • For Sale
  • Active
  • Retail
  • 13,702 Sq. Ft.
  • Updated 6 days ago
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This 13,702 sq ft commercial property on 3.57 acres in Elkhorn, WI, offers a rare redevelopment opportunity. Formerly Sperino's restaurant and banquet hall, the building includes a bar, dining room, and a 350-person banquet space with a separate entrance. Located on high-traffic Hwy 67 near Hwy 12, the site features B-2 zoning, 197 parking spaces, and a partial basement. The property is a blank slate, ready for your vision. The sellers are motivated and ready to retire--submit your offer today!

Full Property Details for 720 N Wisconsin St

General

  • Price: $1,609,000
  • Taxes: $17,227 (2024)
  • Status: Active
  • Type: Retail
  • Source: MetroMLS_Milwaukee_Wirex
  • MLS ID: 1918869
  • Updated: 1/11/2026
  • Added to Site: 241 day(s) ago

Business

  • Name: Sperino's

Additional Information

  • Other Features: Carpeting, Fixtures, Furniture, Loading Dock, Office(s), Outside Storage, Paneling, Restrooms, Security Equipment

Parking

  • Total Spaces: 197

Location

  • Municipality: City
  • County: Walworth
  • Driving Directions: Use GPS
  • Dist. to Freeway: Less than 1 Mile
  • Location Details: Business District, Corner, Freestanding

Heating & Cooling

  • Heating/Cooling: Central Air Conditioning, Forced Air, Natural Gas

Utilities

  • Water/Sewer: Municipal Sewer, Municipal Water

Structural Information

  • Structure Type: Retail
  • Exterior Const.: Partially Steel, Steel Siding
  • Basement Desc.: Partial
  • Roof: Metal, Rubber
  • Ceiling Height: 8 to 10 Feet
  • Drive-In Clearance: No Truck Door
  • Stories Description: 1
  • Square Feet: 13,702
  • Year Built: 1963

Lot Features

  • Lot Size (Acres): 3.57
  • Frontage: Paved Lot, State Road
  • Zoning: B-2

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Tax Amount: $17,227.06
  • Tax Year: 2024

Listed by RE/MAX Plaza

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— 720 N Wisconsin St —

  • RE/MAX Plaza

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 720 N Wisconsin St

School District:Elkhorn Area School District
NameGradesDistance
West Side Elementary School, Elkhorn, WI
222 Sunset Drive, Elkhorn, WI 53121
PK-50.7 mi
Elkhorn Area Middle School
627 Court St, Elkhorn, WI 53121
6-80.8 mi
Elkhorn Area High School
482 East Geneva Street, Elkhorn, WI 53121
9-121.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 720 N Wisconsin St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/11/2026
Price Reduced
$1,609,000
-3.01%
MLS
12/01/2025
Price Reduced
$1,659,000
-2.35%
MLS
5/21/2025
Listed
$1,699,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 720 N Wisconsin St

Year
Property Taxes
Change
Tax Assessment
Change
2024
100%
100%
2023
100%
100%
2022
100%
100%
2021
100%
100%
2020
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by RE/MAX Plaza

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720 N Wisconsin St, Elkhorn, WI 53121 (MLS# 1918869) is a Retail property. 720 N Wisconsin St is currently listed for $1,609,000 and was received on May 21, 2025. Want to learn more about 720 N Wisconsin St? Do you have questions about finding other Retail real estate for sale in Elkhorn? You can browse all Elkhorn real estate or contact a Coldwell Banker agent to request more information.

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