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    449 Canal St Bloomington, WI 53804

    For Sale
    $164,900

    Established Bar with Apartment Income

    Property size:
    1,512 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This well-established tavern at 449 Canal Street, Bloomington, WI, presents a fantastic turnkey opportunity for a new owner. The 1,512 square foot building boasts a recently updated interior, including a new bar top, flooring, cooler, kitchen grill, and fryers. This ensures a smooth transition for the buyer, minimizing upfront investment and maximizing immediate revenue potential. The bar has enjoyed a long history as a popular local establishment in southwest Wisconsin, building a loyal customer base. Adding to its appeal is a one-bedroom apartment located below the bar, currently generating $500 per month in rental income. This provides an additional revenue stream, enhancing the overall profitability of the investment. The property is offered at $164,900 and is ready for immediate operation. The location in Bloomington, WI offers easy access to local residents and provides a strong foundation for continued success. This is a rare opportunity to acquire a profitable, established business with recent upgrades, ready for a new owner to step in and continue its legacy. The combination of a thriving bar and a rental apartment makes this a truly unique and attractive investment. Don't miss out on this chance to own a piece of Bloomington's history and secure a promising future in the hospitality industry. Schedule a showing today.

    Property Features for 449 Canal St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,512 SF

    Building Details

    Year Built
    1850
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bluejays Bar & Grill Bar & Grill Cheer Payroll Payroll Service

    Suggested Use

    Restaurant Building Supply Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Auto Parts Store Nail Salon HVAC Service Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bloomington
    County
    GRANT
    State
    Wisconsin
    Longitude
    -90.92519
    Latitude
    42.88316

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    FAQs

    What type of property is this?
    Commercial real estate - Established Bar with Apartment Income
    Where is this commercial real estate located?
    The property is located at 449 Canal St Bloomington, WI.
    What is the asking price?
    The asking price for this property is $164,900.
    (608) 513-9343
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    449 Canal St Bloomington, WI 53804
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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
    449 Canal St Bloomington, WI 53804
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