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

    26126 W Mondovi St Eleva, WI 54738

    Sponsored
    For Sale
    $350,000

    COMMERCIAL - Eleva, WI

    Property size:
    2,402 SF
    Days on Market:
    47
    Last Refresh:
    Jan 24 at 4:06 pm

    Property Features for 26126 W Mondovi St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    APN
    121-00084-0000
    Interior features
    Furnished, Storage
    Exterior features
    Lighting
    Size
    2,402 SF

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air, Wall Unit(s)
    Water source
    Public

    Building Details

    Year built
    1959
    Building materials
    VinylSiding
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Lori Seipel

    eXp Realty LLC (866) 848-6990

    Listing agent Lori Seipel (715) 577-1253 License #54041-94

    Listing date Dec 9, 2025

    MLS# 1597343

    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 Restaurant Opportunity in Eleva

    This commercial property features a restaurant that has operated successfully for over 28 years in Eleva, Wisconsin. Pammy K's is a popular dining destination for both local residents and travelers along the Hwy 10 & Hwy 93 corridor. This turn-key opportunity includes the restaurant, a fully equipped kitchen with related equipment and fixtures, a prep room, and two bathrooms. The kitchen features a new commercial refrigerator and prep table as of November 2024. The dining room has a new refrigerator, and the walk-in cooler received a new compressor in 2025. The sale includes most furnishings, excluding rented items. The property also features a 3/4 basement with a full bathroom, an office, and ample storage space. An 8x10 shed is located on the property, and some off-street parking is available. The building and its contents have been meticulously maintained and are in great condition. Inventory is not included but can be purchased separately via a bill of sale. A beer and wine license is currently active for the premises. The seller is retiring and seeks a new owner to continue the established business, serving the community and travelers. The property size is 2402 square feet and the lot size is 0 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Restaurant Realty agency Hair Salon Auto Repair Shop Clothing Store Hotel & Motel Pharmacy Auto Parts Store Department Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Eleva
    County
    Trempealeau
    State
    Wisconsin
    Longitude
    -91.470567
    Latitude
    44.576057

    Nearby Similar for Sale

    • $350,000

      Established Restaurant on Highway Corridor

      Turn-key restaurant opportunity with a long-standing successful business.
      12626 W Mondovi St, Eleva, WI 54738
      View Details

    FAQs

    What type of property is this?
    Restaurant - Turn-key restaurant for sale with a long-standing successful business.
    Where is this restaurant located?
    The property is located at 26126 W Mondovi St Eleva, WI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Established Restaurant: A successful restaurant business with 28+ years of operation and a loyal customer base.; - Turn-Key Operation: Includes a fully equipped kitchen, prep room, furnishings, and fixtures.; - Prime Location: Situated on the high-traffic Hwy 10 & Hwy 93 corridor.
    (866) 848-6990
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    26126 W Mondovi St Eleva, WI 54738
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    Eleva, WI 54738
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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
    26126 W Mondovi St Eleva, WI 54738
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    We can help!
    Listing Contact
    Lori Seipel
    Real Estate License ID: 54041-94
    (866) 848-6990
    Learn more
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