Downtown Restaurant & Bar
For Sale
$729,000
102 Jefferson St, Wausau, WI 54403
For-sale restaurant and bar space on a high-traffic corner with visibility near the Wisconsin River.
Property Size4,110 SF
Price / SF$177.37
Days on Market208
Property Features for 102 Jefferson St
General Information
Standard status
Active
Size
4,110 SF
Listing Agency:
AMAXIMMO LLC
Listed By:
ADAM JENSEN · License #81392-94
(715) 470-1017
Source:
Exprealty
Added: Mar 30
Changed: Oct 12
Last Checked: Oct 20 at 8:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of AMAXIMMO LLC
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Investment Insights
Based on property information with market context.
This for-sale commercial space at 102 Jefferson St in Wausau was previously used as a restaurant and bar, and it offers an open platform that can support a range of commercial uses. The property’s configuration and downtown setting make it well-suited for operators looking for a prominent street presence.
Located on a high-traffic corner, the space benefits from strong visibility in the downtown area. It is just steps from the scenic Wisconsin River and is surrounded by shopping, professional businesses, and high-density residential, supporting a steady flow of both local and visitor activity.
The combination of a central downtown address, corner exposure, and prior hospitality use makes this property a practical option for an incoming operator seeking a visible location in Wausau.
Located on a high-traffic corner, the space benefits from strong visibility in the downtown area. It is just steps from the scenic Wisconsin River and is surrounded by shopping, professional businesses, and high-density residential, supporting a steady flow of both local and visitor activity.
The combination of a central downtown address, corner exposure, and prior hospitality use makes this property a practical option for an incoming operator seeking a visible location in Wausau.
Key Highlights
- For‑sale restaurant and bar space on a high‑traffic downtown Wausau corner.
- Past use as a restaurant and bar, with space suited for a variety of commercial uses.
- Located just steps from the Wisconsin River.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,155
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,063,100
$1.1M
Cap Rate 7%
$759,357
$759.4K
Cap Rate 9%
$590,611
$590.6K
Market Conditions
NOI Build-Up for 4,110 SF
Gross rent
$74.0K $18.00/SF
− Vacancy
−$3.1K −$0.76/SF
EGI
$70.9K $17.24/SF
− OpEx
−$17.7K −$4.31/SF
NOI
$53.2K $12.93/SF
Area
Marathon County, WI
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,063,100
Cap Rate 7%
$759,357
Cap Rate 9%
$590,611
Alternative Uses
Best Use
Specialty Retail
$759.4K
$664.4K – $885.9K
NOI $53,155 @ 7.0% cap · market cap 7.29%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,525
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54403, WI
24,712
Population
11,171
Households
2.2
Avg Household Size
41
Median Age
33%
College-Educated
95%
High-School Grad
133.6 sq mi
ZIP Area
185
Density / Sq Mi
$66,040
Median Household Income
$41,670
Median Earnings
$942
Median Rent
$179,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- M & R Station — 818 S 3rd Ave, Wausau, WI 54401
- Whitewater Music Hall Brewing Co — 130 1st St, Wausau, WI 54403
- Loro's Froyo — forest st, wausau, wi 54403
- Intermission — 325 S 4th St, Wausau, WI 54403
- wausauspokeeasy — 701 Washington St, Wausau, WI 54403
Frequently Asked Questions
What type of property is this?
Bar & Pub - For-sale restaurant and bar space on a high-traffic corner with visibility near the Wisconsin River.
Where is this bar & pub located?
The property is located at 102 Jefferson St Wausau, WI.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: For‑sale restaurant and bar space on a high‑traffic downtown Wausau corner.; Past use as a restaurant and bar, with space suited for a variety of commercial uses.; Located just steps from the Wisconsin River.
