Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    301 Collins Ave Oconto, WI 54153

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $164,900

    Profitable Tavern w/ Living Quarters, WI

    Property size:
    3,427 SF

    Property Features for 301 Collins Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,427 SF
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Charity Bayer
    Charity Bayer

    Listing Agency: Trimberger Realty, LLC Listing Agent: Charity Bayer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional commercial property at 301 Collins Avenue, Oconto, WI, presents a unique investment or owner-occupancy opportunity. The 3,427 square foot building sits on a 0.11-acre lot and houses a thriving tavern, Mookie's Pub, currently operating on weekends. The sale includes nearly all existing equipment and furnishings, allowing for immediate continuation of business. The tavern boasts seating for over 30 patrons, with potential for expansion. Additional features include ample storage space, multiple refrigerators and freezers, a large stand-up beer cooler, flat-screen TVs, and various entertainment options such as a rented pool table, jukebox, and ATM. A smaller dance floor provides space for live music or karaoke. The attached living quarters offer considerable versatility. The main level comprises a master bedroom, bathroom, living room, kitchen, and laundry facilities. Upstairs, two additional bedrooms and a full bathroom provide ample space. Recent flooring updates enhance the living area's appeal. The property also includes a 15x18 storage shed and convenient rear parking. This property offers significant potential for rental income or comfortable owner-occupancy, making it an attractive investment in a desirable location. The asking price is $164,900. This turnkey operation is ready for a new owner to step in and continue the success or expand upon the existing business model.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Oconto
    County
    OCONTO
    State
    Wisconsin
    Longitude
    -87.86444
    Latitude
    44.88332

    Nearby Similar for Sale

    • $92,900
      2,228 SF

      Spacious Commercial Building, Oconto, WI

      Spacious building in a high-traffic Oconto location, ideal for business.
      302 Collins Ave, Oconto, WI 54153
      View Details
    • $92,900

      Spacious Building in Great Location

      Spacious building on a corner lot with high traffic volume.
      302 Collins Ave, Oconto, WI 54153
      View Details
    • $299,900
      2,886 SF

      Oconto Commercial Building - Turnkey Operation

      Established Restaurant w/ Living Quarters & Garage
      124 Chicago St, Oconto, WI 54153
      View Details
    • $344,900
      5,520 SF

      Oconto Commercial Building - Huge Potential

      Mixed-use building, 5,520 sqft, 1.6 acres
      151 Katch Dr, Oconto, WI 54153
      View Details
    • $990,000
      8,550 SF

      Dollar Tree Oconto, WI

      8,550 SF Net Lease Investment
      131 Howard Ln, Oconto, WI 54153
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Profitable Tavern w/ Living Quarters, WI
    Where is this commercial real estate located?
    The property is located at 301 Collins Ave Oconto, WI.
    What is the asking price?
    The asking price for this property is $164,900.
    (920) 609-5797
    Request Owner's contact information
    301 Collins Ave Oconto, WI 54153
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    301 Collins Ave
    Oconto, WI 54153
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    301 Collins Ave Oconto, WI 54153
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Charity Bayer
    Charity Bayer
    Real Estate License ID: 94-67738
    (920) 609-5797 (920) 639-2444
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!