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    346 Main St Hilbert, WI 54129

    For Sale
    $319,900

    Historic Bar, Six Rentals, High Cash Flow

    Property size:
    3,258 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This exceptional 3,258 square foot commercial property located at 346 W MAIN STREET, Hilbert, WI, presents a unique investment opportunity. The property boasts a well-established bar, a century-old fixture in the Hilbert downtown area, renowned for its old-world charm and detailed woodwork and ceilings. The main level also includes a complete living quarters, ideal for owner occupancy or management. Adding to the income potential are six additional rental units situated upstairs, currently operating as studio/hotel rooms. This turnkey operation offers immediate cash flow, with significant upside potential through rent increases and extended business hours for the bar. The 0.28-acre lot provides ample space. The property's established history and current income stream make it an attractive investment for both seasoned and aspiring business owners. The existing business model is easily maintained, but the property also offers considerable flexibility for creative entrepreneurs to implement their own ideas and further enhance profitability. This is a rare chance to acquire a thriving business and valuable real estate in a desirable location. The property is priced at $319,900.

    Property Features for 346 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,258 SF
    Lot Size
    12,197 SF

    Building Details

    Year Built
    1890
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    4th & Five Bar

    Suggested Use

    Restaurant Dental Office Wholesale Shop Auto Repair Shop Clothing Store Auto Parts Store Food Market Accounting Firm Grocery Store Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Hilbert
    County
    CALUMET
    State
    Wisconsin
    Longitude
    -88.15891
    Latitude
    44.13957

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    Nearby Similar for Sale

    • $349,000
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      Hilbert Supper Club & Living

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Bar, Six Rentals, High Cash Flow
    Where is this commercial real estate located?
    The property is located at 346 Main St Hilbert, WI.
    What is the asking price?
    The asking price for this property is $319,900.
    (920) 486-5711
    Request Owner's contact information
    346 Main St Hilbert, WI 54129
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    Realmo Value Estimation

    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.

    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.

    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
    346 Main St Hilbert, WI 54129
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