Operating
For Sale
$485,000
1123 3rd St S, La Crosse, WI 54601
The restaurant is fully operational and carries Commercial zoning.
Property Size1,700 SF
Price / SF$285.29
Days on Market67
Property Features for 1123 3rd St S
General Information
Standard status
Active
Size
1,700 SF
Total Parking Spaces
24
Property subtype
Commercial
Zoning
Commercial
Additional Details
Business Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$4,297
Building Details
Building Size
1,700 SF
Year Built
1950
Listing Agency:
Gerrard-Hoeschler, REALTORS
(608) 782-2300
Listed By:
Jennifer Pretasky · License #58766-94
(608) 780-2737
Source:
Defererealestate
Added: Aug 25
Changed: Oct 29
Last Checked: Oct 29 at 8:32PM
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 Gerrard-Hoeschler, REALTORS
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
An operating restaurant property at 1123 3rd St S in La Crosse, Wisconsin, includes 1,700 in property size and was built in 1950. The site is zoned Commercial.
The existing restaurant is fully operational, providing an established setting for continued restaurant use.
The existing restaurant is fully operational, providing an established setting for continued restaurant use.
Key Highlights
- Operating restaurant at 1123 3rd St S, La Crosse, WI 54601
- Property size: 1700
- Built in 1950; zoned Commercial
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,025
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,500
$520.5K
Cap Rate 7%
$371,786
$371.8K
Cap Rate 9%
$289,167
$289.2K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$36.7K $21.60/SF
− Vacancy
−$2.0K −$1.19/SF
EGI
$34.7K $20.41/SF
− OpEx
−$8.7K −$5.10/SF
NOI
$26.0K $15.31/SF
Area
La Crosse County, WI
Vacancy
5.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,500
Cap Rate 7%
$371,786
Cap Rate 9%
$289,167
Alternative Uses
Best Use
Specialty Retail
$371.8K
$325.3K – $433.8K
NOI $26,025 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,218
Businesses Nearby
30k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Kwik Trip
Shops & Services
24,826 visits/mo
0.5 miles
Leadcar Toyota La Crosse
Shops & Services
3,105 visits/mo
0.2 miles
Quick Lane
Shops & Services
1,216 visits/mo
0.3 miles
Safelite AutoGlass
Shops & Services
677 visits/mo
0.4 miles
Demographics for 54601, WI
51,090
Population
22,652
Households
2.3
Avg Household Size
32
Median Age
40%
College-Educated
96%
High-School Grad
75.4 sq mi
ZIP Area
678
Density / Sq Mi
$60,078
Median Household Income
$31,143
Median Earnings
$998
Median Rent
$220,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The restaurant is fully operational and carries Commercial zoning.
Where is this conventional restaurant located?
The property is located at 1123 3rd St S La Crosse, WI.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Operating restaurant at 1123 3rd St S, La Crosse, WI 54601; Property size: 1700; Built in 1950; zoned Commercial
