Historic Tavern with
New
For Sale
$750,000
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$179.43
Days on Market5
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
(608) 474-0306
Listed By:
Jim Wilson
Source:
Soldinmadison
Added: Jul 29
Changed: Jul 30
Last Checked: Aug 2 at 9:36AM
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
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 For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.2k | $18.00 |
| − Vacancy | −$4.1k | −$0.97 |
| EGI | $71.2k | $17.03 |
| − OpEx | −$17.8k | −$4.26 |
| NOI | $53.4k | $12.77 |
4,180 SF · lease $18.00/SF/yr · vacancy 5.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$762.6K
$667.3K – $889.7K
NOI $53,383 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$971.3K
$849.9K – $1.13M
NOI $67,994 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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- Salvatore's Tomato Pies — 121 E Main St, Sun Prairie, WI 53590
- Dany Nails — 111 flint st apt.14, 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 $750,000.
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
