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$699,900
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Property Description
Calling all supper club enthusiasts looking for a turnkey opportunity to continue a rich legacy or make one of your own! The site is brimming with historical charm & been recently renovated to include a brand-new kitchen and updated utilities. A main level featuring a classic restaurant space with decorative features in both the bar & dining area, while the upper level features a 3-bedroom, 1.5 bath dwelling space. The basement is large allowing for plenty of storage. The site has housed three well-known restaurants and bars since it first opened in 1935, the most recent being The Elias Inn - a supper club renowned for their relish tray & Friday fish fry. They even made the well-known Wisconsin Supper Club book! If you're looking to own or invest in a unique spot, this is one to see.
Full Property Details
Full Property Details for 200 N 2nd St
General
- Price: $699,900
- Taxes: $4,540 (2024)
- Status: Active
- Type: Commercial
- Source: MetroMLS_Milwaukee_Wirex
- MLS ID: 1907005
- Updated: 11/22/2025
- Added to Site: 341 day(s) ago
Additional Information
- Other Features: 220-Volt Power, Fixtures, Furniture, Inventory Included, License Included, Living Space Available, Restrooms, Security Equipment
Parking
- Total Spaces: 6
Location
- Municipality: City
- County: Jefferson
- Driving Directions: I-94 take exit 267 and turn N. WI-26, exit 39 onto BUS 26, at the round-about 2nd exit to S Church Street, turn E. onto W Milwaukee Street, turn N. S 1st st, E WI-16 BUS, N. onto N 2nd St, on left
- Dist. to Freeway: 1 to 3 Miles
- 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: Special Purpose
- Exterior Const.: Brick, Partially Stucco/Slate, Stucco
- Basement Desc.: Full, Poured Concrete
- Roof: Tile
- Ceiling Height: 8 to 10 Feet
- Drive-In Clearance: No Truck Door
- Stories Description: 2
- Square Feet: 3,600
- Year Built: 1933
Lot Features
- Lot Size (Acres): 0.12
- Frontage: High Visibility, Town/City Road
- Zoning: B
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Tax Amount: $4,540.5
- Tax Year: 2024
Listed by Oconomowoc Realty LLC
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Schools
Schools serving 200 N 2nd St
School District:Watertown School District
| Name | Grades | Distance |
|---|---|---|
Watertown High School 825 Endeavour Drive, Watertown, WI 53098 | 9-12 | 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 200 N 2nd St
Date
Details
Price
Change
Source
4/14/2025
Price Reduced
$699,900
-9.69%
MLS
2/14/2025
Listed
$775,000
191.35%
MLS
2/10/2022
Sold
$266,000
—
Public Record
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
Tax History for 200 N 2nd St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$4,540
-10%
$304,300
8%
2023
$5,026
—
$282,800
—
2022
$5,050
-18%
$282,800
17%
2021
$6,159
—
$242,300
—
2020
$6,159
5%
$242,300
—
2019
$5,840
2%
$242,300
—
2018
$5,701
5%
$242,300
—
2017
$5,455
1%
$242,300
—
2016
$5,380
1%
$242,300
—
2015
$5,330
-3%
$242,300
—
2014
$5,497
—
$242,300
—
2013
$5,497
—
$242,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 200 N 2nd St
200 N 2nd St, Watertown, WI 53094 (MLS# 1907005) is a Commercial property. 200 N 2nd St is currently listed for $699,900 and was received on February 14, 2025. Want to learn more about 200 N 2nd St? Do you have questions about finding other Commercial real estate for sale in Watertown? You can browse all Watertown real estate or contact a Coldwell Banker agent to request more information.

