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    Mixed-Use Restaurant & Apartment Building Title is generated by Realmo AI

    107 W Ormsby Street, Oxford, WI 53952

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    Claim this Listing
    For Sale
    $259,900

    Apartment building,Grocery,Restaurant/Supper Club,Retail,Tavern

    Type:Apartment
    Property size:
    2,800 SF
    Price / SF:
    $92/SF
    Added:
    Jan 9, 2026
    Days on Market:
    145
    Last Refresh:
    Jun 3 at 1:06 pm

    Property Features for 107 W Ormsby Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Apartment
    Zoning
    Comm
    Parking features
    Other, Paved or Surfaced
    Interior features
    Public rest rooms, Private Restrooms, Shared Restrooms, Residential unit(s), Less than 440 volt, Shared conference room
    Standard status
    Active
    APN
    165-00139-0000

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    3374

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    3
    Building materials
    Brick
    Roof type
    Composition, Membrane, Metal, Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    David Vander Schaaf
    David Vander Schaaf

    Listing agent David Vander Schaaf

    Listing office Century 21 Affiliated 201 8th Ave Ste 2, Madison, WI

    Listing date Jan 9, 2026

    MLS# 2014591 Listing URL

    Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turn‑key restaurant/bar combo in high‑traffic location near Oxford/Montello lakes.
    • Includes a 2/3 BR apartment on the 2nd floor.
    • Over 2800 SF of bar and restaurant space with private meeting/gathering space.
    • Features the original back bar from the Pabst Corporation.
    • Beer and wine license included; liquor license potentially available.
    • Owner financing options available.

    Overview

    This maintained, turn-key mixed-use property combines a restaurant and bar operation with private meeting/gathering space. The bar and restaurant area exceeds 2,800 square feet and includes the original back bar from the Pabst Corporation. Current licensing includes a beer and wine license, and a liquor license could be available. The second floor features a 2/3 bedroom apartment, providing on-site residential space tied to the business.

    Located in the heart of the Oxford/Montello lakes area at 107 W Ormsby Street in Oxford, Wisconsin (Marquette County), the property is positioned on a high-traffic roadway with strong visibility. Public remarks note the operation has performed well on weekend nights, supported by the property’s established restaurant/bar setup.

    For an owner-operator or investor looking for a single asset that supports both dining/bar use and residential income, this is a practical fit. The included bar infrastructure and existing beer and wine license help reduce startup complexity, while the potential for liquor-license availability may broaden operating options. With owner financing options mentioned and the seller relocating, it may be a timely opportunity for a buyer prepared to take over an operating restaurant/bar and the apartment above.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center HVAC Service Bar & Pub Furniture & Home Goods

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

    Similar Places Nearby

    • The Ox Bar and Grill — 120 W Ormsby St, Oxford, WI 53952

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Marquette
    State
    Wisconsin
    Longitude
    -89.572879
    Latitude
    43.781207

    Nearby Similar for Sale

    • $279,500

      Mixed-Use Commercial Building

      Highly visible property with flexible upper and walk-out lower space for restaurant, retail, office, or storage concepts.
      W6313 State Road 23 Road, Oxford, WI 53952
      View Details
    • $279,500
      3,120 SF

      Highway Frontage Retail/Restaurant Opportunity

      Versatile commercial building with highway visibility and flexible space.
      W6313 State Road 23, Oxford, WI 53952
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Turn-key restaurant/bar with private gathering space and an apartment above, benefiting from prominent visibility on a high-traffic roadway.
    Where is this bar & pub located?
    The property is located at 107 W Ormsby Street Oxford, WI.
    What is the asking price?
    The asking price for this property is $259,900.
    What are key features of this property?
    This property features: Turn‑key restaurant/bar combo in high‑traffic location near Oxford/Montello lakes.; Includes a 2/3 BR apartment on the 2nd floor.; Over 2800 SF of bar and restaurant space with private meeting/gathering space.
    (608) 393-6642
    We can help!
    Listing Contact
    David Vander Schaaf
    David Vander Schaaf
    Real Estate License ID: 58537-94
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    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.

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