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    Turnkey Restaurant Opportunity Title is generated by Realmo AI

    1123 3rd St S, La Crosse, WI 54601

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    For Sale
    $499,900

    COMMERCIAL - La Crosse, WI

    Property size:
    1,700 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $294/SF
    Added:
    Feb 23, 2026
    Days on Market:
    128
    Last Refresh:
    Jul 1 at 4:06 pm

    Property Features for 1123 3rd St S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    017030087120
    Size
    1,700 SF
    Lot size
    0.20 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    4289

    Building Details

    Year built
    1950
    Architectural style
    Other

    We can help!

    Contact an agent
    Jennifer Pretasky

    Listing agent Jennifer Pretasky License #58766-94

    Listing office Gerrard-Hoeschler, REALTORS 601 7th St N, La Crosse, WI

    Listing date Feb 23, 2026

    MLS# 1951244 Listing URL

    Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Year built: 1950
    • Business is fully operational and reportedly maintained

    Overview

    This turnkey restaurant opportunity is offered fully operational, with the property described as meticulously maintained. The listing notes an established city presence and a welcoming, customer-facing concept with a local customer base, supported by ongoing foot traffic. The offering includes the ready-to-operate functionality expected for a successor operator.

    The property is located at 1123 3rd St S in La Crosse, Wisconsin (54601). The site sits on approximately 0.2 acres and totals about 1,700 square feet. Zoning is listed as Commercial, aligning the property with general commercial use expectations for restaurant operations.

    For an experienced restaurateur or a buyer seeking to take over an operating business, the practical appeal here is continuity: the restaurant is presented as fully operational and maintained, rather than requiring immediate redevelopment to begin serving customers. Prospective buyers should review the provided details and complete their due diligence on the operating requirements and any applicable business considerations associated with becoming the successor operator.

    Local 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 $36.7k $21.60
    − Vacancy −$2.0k −$1.19
    EGI $34.7k $20.41
    − OpEx −$8.7k −$5.10
    NOI $26.0k $15.31
    1,700 SF · lease $21.60/SF/yr · vacancy 5.50% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $371.8K
    $325.3K – $433.8K (±1% cap)
    NOI $26,025 @ 7.0% cap · market cap 5.21%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATM Atm Kramer's Bar & Grill Bar & Pub

    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
    La Crosse
    County
    La Crosse
    State
    Wisconsin
    Longitude
    -91.253055
    Latitude
    43.801932

    FAQs

    What type of property is this?
    Conventional restaurant - Turnkey, fully operational restaurant on a small lot, ready for a qualified operator in a Commercial-zoned setting.
    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 $499,900.
    What are key features of this property?
    This property features: Year built: 1950; Business is fully operational and reportedly maintained
    More about this property
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