Bar and Pub with Residential
For Sale
$849,900
6925 County Highway N, Solon Springs, WI 54873
CommercialSale, Solon Springs, WI
Property Size2,940 SF
Lot Size3.10 Acres
Price / SF$289.08
Days on Market190
Property Features for 6925 County Highway N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial, Residential
Rooms
Basement
Interior features
Furnished
Accessibility
Accessible Approach with Ramp
Elementary school district
Drummond Area
Middle school district
Drummond Area
High school district
Drummond Area
Directions
From Hwy 27 in Barnes take County Hwy N approx 5.8 miles, property will be on the right
Standard status
Active
APN
04004245093610400002300
Size
2,940 SF
Lot size
3.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 1 CSM #1973 IN V.11 P.331 (LOCATED IN SE NE) IN DOC 2022R-593680
Tax Annual Amount
2658
Legal Description
LOT 1 CSM #1973 IN V.11 P.331 (LOCATED IN SE NE) IN DOC 2022R-593680
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Forced Air
Cooling system
Ductless
Water source
Well
Building Details
Year built
1960
Building materials
WoodSiding
Listing Agency:
Coldwell Banker Realty~Spooner · GMAC Real Estate
(715) 635-2000
Listed By:
Michael Blaylock · License #92121-94
(715) 919-0171
Added: Mar 2
Changed: Aug 19
Last Checked: Sep 8 at 11:06AM
MLS# 1598769
Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,940-square-foot bar and pub property combines a main-level commercial operation with multiple residential components. The business area includes a furnished bar, dining space, commercial-grade kitchen, and storage. The property also includes a 3 Bed / 2 Bath home, two separate 1 Bed / 1 Bath residences, and a 3-car garage that provides additional storage capacity.
Located at 6925 County Highway N in Solon Springs, the property includes on-site parking and an accessible approach with ramp. Built in 1960, the improvements feature wood siding, forced-air heating, ductless cooling, a well water source, and private sewer infrastructure. The 3.1-acre site is in Bayfield County, Wisconsin.
Located at 6925 County Highway N in Solon Springs, the property includes on-site parking and an accessible approach with ramp. Built in 1960, the improvements feature wood siding, forced-air heating, ductless cooling, a well water source, and private sewer infrastructure. The 3.1-acre site is in Bayfield County, Wisconsin.
Key Highlights
- 2,940 square feet of commercial property on a 3.1‑acre site
- Main‑level bar, dining area, commercial kitchen, and storage
- 3 Bed / 2 Bath residence plus two 1 Bed / 1 Bath properties
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,887
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,297,740
$1.3M
Cap Rate 7%
$926,957
$927.0K
Cap Rate 9%
$720,967
$721.0K
Market Conditions
NOI Build-Up for 2,940 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$88.6K $30.12/SF
− Vacancy
−$2.0K −$0.69/SF
EGI
$86.5K $29.43/SF
− OpEx
−$21.6K −$7.36/SF
NOI
$64.9K $22.07/SF
Area
Douglas County, WI
Vacancy
2.30%
Lease Rate
$30.12 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,297,740
Cap Rate 7%
$926,957
Cap Rate 9%
$720,967
Alternative Uses
Best Use
Specialty Retail
$927.0K
$811.1K – $1.08M
NOI $64,887 @ 7.0% cap · market cap 7.63%
Second Best
Apartment 5plus
$308.1K
$269.6K – $359.5K
NOI $21,568 @ 7.0% cap · market cap 2.54%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54873, WI
3,009
Population
2,904
Households
1
Avg Household Size
54
Median Age
29%
College-Educated
95%
High-School Grad
265.2 sq mi
ZIP Area
11
Density / Sq Mi
$85,909
Median Household Income
$42,721
Median Earnings
$836
Median Rent
$232,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Tracks Inn — 6935 County Hwy N, Barnes, WI 54873
Frequently Asked Questions
What type of property is this?
Bar & Pub - Main-level commercial space includes a bar, dining area, commercial kitchen, and storage.
Where is this bar & pub located?
The property is located at 6925 County Highway N Solon Springs, WI.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 2,940 square feet of commercial property on a 3.1‑acre site; Main‑level bar, dining area, commercial kitchen, and storage; 3 Bed / 2 Bath residence plus two 1 Bed / 1 Bath properties
