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    The Largest CRE Database in the US with Over 1 Million Listings

    112-115 N Shore Dr Fountain City, WI 54629

    Sponsored
    For Sale
    $895,000

    COMMERCIAL - Fountain City, WI

    Property size:
    7,640 SF
    Lot size:
    0.42 Acres
    Days on Market:
    13
    Last Refresh:
    Feb 7 at 11:06 pm

    Property Features for 112-115 N Shore Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    226002300000
    Size
    7,640 SF
    Lot size
    0.42 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air, Ductless
    Water source
    Public
    Water front features
    River Access
    Water front
    1

    Building Details

    Year built
    1887
    Building materials
    Brick, Steel, VinylSiding

    We can help!

    Listing Contact
    Sarah Hemker
    Sarah Hemker

    CENTURY 21 Premier Group (715) 268-7125

    Listing agent Sarah Hemker (608) 797-0352 License #63086-94

    Listing date Jan 26, 2026

    MLS# 1593601

    Copyright © 2026 Northwestern Wisconsin Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Established Business on Great River Road

    This established business is located along the Mississippi River on the scenic Great River Road, also known as Hwy 35. The property offers excellent visibility and serves as a destination. It is situated approximately 1.5 hours from the Twin Cities, 10 minutes from Winona, Minnesota, 40 minutes from La Crosse, Wisconsin, and 2.5 hours from Madison, Wisconsin. The property includes two venues: The Historic Golden Frog, established in 1887, which operates as a supper club, bar, and grill and includes a 2-bedroom apartment; and The Lily Pad, established in 2023, which features a bar, outside seating overlooking the Mississippi River with a boat dock, wood-fired pizzas, a playground, bags, a volleyball court, and live music. The two venues complement each other, providing a unique experience for all ages with a diverse menu. The property size is 7640 square feet, situated on a 0.42-acre lot. This is an opportunity to run a business that has survived the test of time and enjoy quiet living in a quaint river town.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Department Store Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Golden Frog, The Lily Pad/ Golden Frog Restaurant and Saloon, Ole Joe's Bar

    Location Insight

    • Map
    • Local Demand
    City
    Fountain City
    County
    Buffalo
    State
    Wisconsin
    Longitude
    -91.719459
    Latitude
    44.131779

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      Bar with Residential Living Space

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      Turn-Key Car Wash Opportunity

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    FAQs

    What type of property is this?
    Bar - Established business with two venues on the Mississippi River.
    Where is this bar located?
    The property is located at 112-115 N Shore Dr Fountain City, WI.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - Established business with two venues: The Historic Golden Frog (est. 1887) and The Lily Pad (est. 2023).; - Prime location on the Mississippi River along the Great River Road (Hwy 35) with excellent visibility.; - The Lily Pad venue features outside seating overlooking the Mississippi River with boat dock access.
    (608) 797-0352
    Request Owner's contact information
    112-115 N Shore Dr Fountain City, WI 54629
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    Fountain City, WI 54629
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    112-115 N Shore Dr Fountain City, WI 54629
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    We can help!
    Listing Contact
    Sarah Hemker
    Sarah Hemker
    Real Estate License ID: 63086-94
    (608) 797-0352
    Learn more
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