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    115 N Shore Drive Fountain City, WI 54629

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    Claim this Listing
    For Sale
    $399,000

    COMMERCIAL - Fountain City, WI

    Property size:
    2,150 SF
    Lot size:
    0.42 Acres
    Price / SF:
    $185/SF
    Added:
    Mar 17, 2026
    Days on Market:
    47
    Last Refresh:
    May 2 at 6:06 pm

    Property Features for 115 N Shore Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Interior features
    Furnished, HandicapAccess, Storage
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    226002300000
    Size
    2,150 SF
    Lot size
    0.42 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5913

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air, Ductless
    Water source
    Public
    Water front features
    River Front
    Water front
    1

    Building Details

    Year built
    2021
    Building materials
    Brick, Steel
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Sarah Hemker
    Sarah Hemker

    Listing agent Sarah Hemker License #63086-94

    Listing office C21 Affiliated/Hudson 906 Dominion Dr., Amery, WI

    Listing date Mar 17, 2026

    MLS# 1599234

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

    Overview

    Established Mississippi River Venue

    This established business is located along the Mississippi River on the scenic Great River Road, Highway 35, offering excellent visibility. It is situated 1.5 hours from the Twin Cities, 10 minutes from Winona, Minnesota, 40 minutes from La Crosse, Wisconsin, and 2.5 hours from Madison, Wisconsin. Known as 'The Lily Pad,' and established in 2023, this venue features a bar, a wood-fired pizza area, a volleyball court, a playground, a boat dock, and large decks overlooking the Mississippi River. It provides inside seating and hosts live music. 'The Lily Pad' was designed to offer a relaxing and enjoyable experience with views of the Mississippi River. The property spans 2150 square feet on a 0.42-acre lot. The Lily Pad is currently used as a seasonal venue from May to October, open on weekends only. The Golden Frog Restaurant & Saloon, located across the street, is available for purchase as a package deal.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Lily Pad/ Golden ... Bar & Pub

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Auto Repair Shop Department Store Auto Parts Store Bar & Pub

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

    Similar Places Nearby

    • The Golden Frog — 112 N Shore Dr, Fountain City, WI 54629
    • The Lily Pad/ Golden Frog Restaurant and Saloon — 115 N Shore Dr, Fountain City, WI 54629
    • Ole Joe's Bar — N Shore Dr, Fountain City, WI 54629

    Location Insight

    • Map
    • Local Demand
    City
    Fountain City
    County
    Buffalo
    State
    Wisconsin
    Longitude
    -91.719459
    Latitude
    44.131779

    Nearby Similar for Sale

    • $299,000
      5,490 SF

      Established Business on Great River

      Established supper club, bar, and grill with apartment and patio.
      112 N Shore Drive, Fountain City, WI 54629
      View Details
    • $675,000
      7,640 SF

      Established Business on Great River Road

      Two venues with diverse menus and unique experiences for all.
      112-115 N Shore Drive, Fountain City, WI 54629
      View Details
    • $599,900

      Bar with Residential Living Space

      Unique property featuring a bar and attached 3-bedroom living space.
      W626 Midway Rd, Fountain City, WI, 54629-7211
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Established bar and restaurant venue with river views.
    Where is this bar & pub located?
    The property is located at 115 N Shore Drive Fountain City, WI.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Prime Mississippi Riverfront location on the Great River Road (Hwy 35) with excellent visibility.; Established business (Est. 2023) with diverse revenue streams: bar, wood‑fired pizza, live music.; Features include a volleyball court, playground, boat dock, and large decks overlooking the Mississippi River.
    (608) 797-0352
    We can help!
    Listing Contact
    Sarah Hemker
    Sarah Hemker
    Real Estate License ID: 63086-94
    Learn More
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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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    115 N Shore Drive, Fountain City, WI 54629

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