How would you value a closed brewpub in a premium location?

[Nick L.]

I'm curious to know how you would value this property. It's a well known and popular brewpub/restaurant/rec area with waterfront access to one of Milwaukee's rivers. It appeared to be very successful until it closed with almost no warning last month for unknown reasons. 

It's not a going concern and no financials are likely available, so you can't value it in relation to owner earnings or gross revenue. You could value it as real estate + assets but (a) it's really hard to find comps, and (b) even if you had them there is no way to directly extrapolate financials from the asset values.

Any thoughts?

For an even harder challenge, how would you value it in combination with this property, which is owned by the same seller and directly opposite the first one, but has a completely unrelated use?