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    114 Cramer Street Mazomanie, WI 53560

    View on Map
    For Sale
    $850,000

    Retail,Restaurant/Supper Club - Mazomanie, WI

    Added:
    Sep 11, 2025
    Days on Market:
    204
    Last Refresh:
    Apr 2 at 12:06 am

    Property Features for 114 Cramer Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C
    Parking features
    Paved or Surfaced
    Security features
    Security System
    Interior features
    Private Restrooms, 440+ volt, 3 phase electric, Reception area, Security system, Internal sprinkler, Inside storage
    Exterior features
    Loading dock(s), Signage available, Outside storage
    Standard status
    Active
    APN
    0806-162-1140-6

    Taxes and HOA fees

    TaxYear
    2022
    TaxAnnualAmount
    10022

    Utilities

    Utilities
    Electricity Available
    Heating system
    Forced Air, Radiant
    Cooling system
    Central Air

    Building Details

    Floors in Building
    3
    Building materials
    Brick, Stone
    Roof type
    Metal
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Scott Johanek
    Scott Johanek

    Listing agent Scott Johanek

    Listing office Building Equity Development 135 S Brittingham Pl, Middleton, WI

    Listing date Sep 11, 2025

    MLS# 1976405 Listing URL

    Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Restaurant Opportunity in Mazomanie

    This is an opportunity to own a fully operational and turnkey restaurant business with over 28 years of history. Located just twenty minutes west of Middleton, The Old Feed Mill has been a local favorite and a destination for visitors to the driftless region for over 28 years. The property includes a 0.94 acre lot and an approximately 16,000 square foot building. The property is located two blocks off of highway 14, which sees over 10,000 vehicles daily. The property is zoned C and is suitable for retail or restaurant use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Old Feed Mill Restaurant

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mazomanie
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.792262
    Latitude
    43.174865

    Nearby Similar for Sale

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      Exclusive Ranch with Equestrian Amenities

      Private estate with equestrian facilities and potential business opportunity.
      6604 Shower Road, Mazomanie, WI 53560-9675
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    • $850,000
      16,000 SF

      Turnkey Restaurant Opportunity

      Fully operational restaurant for sale with 28+ years history.
      114 Cramer Street, Mazomanie, WI 53560
      View Details
    • $5,100,000

      Industrial Property with Expansion Potential

      Industrial complex on 27+ acres with highway access.
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    FAQs

    What type of property is this?
    Restaurant - Fully operational restaurant with 28+ years of history for sale.
    Where is this restaurant located?
    The property is located at 114 Cramer Street Mazomanie, WI.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Fully operational, turnkey restaurant business with 28+ years of established history.; High‑traffic location: Situated 2 blocks off Highway 14 with 10,000+ daily traffic count.; Substantial property: 0.94 acre lot with an approximately 16,000 square foot building.
    (608) 299-7450
    We can help!
    Listing Contact
    Scott Johanek
    Scott Johanek
    Real Estate License ID: 8901294
    Learn More
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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
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