Historic Tavern with
For Sale
$650,000
108 110 112 E Main St, Sun Prairie, WI 53590
24-seat bar with remodeled apartment above and an adjacent 1-bedroom space, plus an owned parking lot behind the bar.
Property Size4,180 SF
Price / SF$155.50
Days on Market98
Property Features for 108 110 112 E Main St
General Information
Standard status
Active
Size
4,180 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1893
Listing Agency:
Restaino & Associates
Listed By:
Jim Wilson · License #5621490
(608) 474-0306
Source:
Soldinmadison
Added: Jul 29
Changed: Oct 25
Last Checked: Oct 7 at 2:08PM
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 Restaino & Associates
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Investment Insights
Based on property information with market context.
Historic Wagner’s Tavern is offered for sale and has operated as a neighborhood gathering spot since Prohibition, with roots dating to 1893. The ground-floor bar area seats 24, with four tables and seating at the window facing E Main St traffic.
The bar includes two under-counter glass-door coolers, one service station with glassware, and a large walk-in cooler in the basement. The basement also provides laundry and liquor storage. Poker machines and an ATM are owned, while other games and a pool table are leased. A parking lot behind the bar is owned, with only a couple of spots not included.
There are living spaces above and next to the bar: a three-bedroom apartment above that was recently remodeled, and a one-bedroom apartment next to the bar that could be removed to create a kitchen for the bar. The porch at the top of the stairs needs to be completed.
The bar includes two under-counter glass-door coolers, one service station with glassware, and a large walk-in cooler in the basement. The basement also provides laundry and liquor storage. Poker machines and an ATM are owned, while other games and a pool table are leased. A parking lot behind the bar is owned, with only a couple of spots not included.
There are living spaces above and next to the bar: a three-bedroom apartment above that was recently remodeled, and a one-bedroom apartment next to the bar that could be removed to create a kitchen for the bar. The porch at the top of the stairs needs to be completed.
Key Highlights
- 24‑seat bar with four tables and window seating facing E Main St traffic
- Two under‑counter glass‑door coolers, service station with glassware, and a large walk‑in cooler in the basement
- Poker machines and an ATM are owned; other games and a pool table are leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,383
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,067,660
$1.1M
Cap Rate 7%
$762,614
$762.6K
Cap Rate 9%
$593,144
$593.1K
Market Conditions
NOI Build-Up for 4,180 SF
Gross rent
$75.2K $18.00/SF
− Vacancy
−$4.1K −$0.97/SF
EGI
$71.2K $17.03/SF
− OpEx
−$17.8K −$4.26/SF
NOI
$53.4K $12.77/SF
Area
Dane County, WI
Vacancy
5.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,067,660
Cap Rate 7%
$762,614
Cap Rate 9%
$593,144
Alternative Uses
Best Use
Specialty Retail
$762.6K
$667.3K – $889.7K
NOI $53,383 @ 7.0% cap · market cap 8.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$971.3K
$849.9K – $1.13M
NOI $67,994 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
31k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 75%
Shops & Services 21%
Dining 3%
Pick 'n Save
Groceries
23,139 visits/mo
0.5 miles
BP
Shops & Services
5,422 visits/mo
0.5 miles
Summit Credit Union
Shops & Services
1,116 visits/mo
0.5 miles
Milio's Sandwiches
Dining
1,057 visits/mo
0.4 miles
Demographics for 53590, WI
43,684
Population
18,292
Households
2.4
Avg Household Size
37
Median Age
52%
College-Educated
97%
High-School Grad
65.9 sq mi
ZIP Area
663
Density / Sq Mi
$96,497
Median Household Income
$57,711
Median Earnings
$1,375
Median Rent
$354,700
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
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- Cannery Wine Bar and Tasting Room — 212 E Main St, Sun Prairie, WI 53590
- Pitstop Pub LLC — 116 E Main St #2223, Sun Prairie, WI 53590
- Eddie's Alehouse & Eatery — 238 E Main St, Sun Prairie, WI 53590
- Salvatore's Tomato Pies — 121 E Main St, Sun Prairie, WI 53590
Frequently Asked Questions
What type of property is this?
Bar & Pub - 24-seat bar with remodeled apartment above and an adjacent 1-bedroom space, plus an owned parking lot behind the bar.
Where is this bar & pub located?
The property is located at 108 110 112 E Main St Sun Prairie, WI.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 24‑seat bar with four tables and window seating facing E Main St traffic; Two under‑counter glass‑door coolers, service station with glassware, and a large walk‑in cooler in the basement; Poker machines and an ATM are owned; other games and a pool table are leased
