Brewhouse and Food Prep
For Sale
$325,000
115 WISCONSIN AVE, Kaukauna, WI 54130
Main and walkout lower levels include epoxy flooring and a walk-in cooler for food prep, storage, or brewing.
Property Size2,878 SF
Price / SF$112.93
Days on Market253
Property Features for 115 WISCONSIN AVE
General Information
Standard status
Active
Size
2,878 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$2,412
Amenities
Central Air, Gas
3
Commercial
Waterfront.
2 Parking Spaces.
Water
0.0 to .499
River
River.
Building Details
Year Built
1968
Listing Agency:
Century 21 Ace Realty
(920) 378-6555
Listed By:
Ryan Hawkins · License #9481654
(920) 378-6555
Source:
Xome
Added: Dec 1, 2025
Changed: Aug 8
Last Checked: Aug 11 at 4:40AM
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 Century 21 Ace Realty
Investment Insights
Based on property information with market context.
This property offers a brewery/food-prep oriented layout with a main level open floor plan and spancrete construction. The main level is supported by updated lighting and spiral ductwork, and the walkout lower level provides newly finished space with epoxy flooring. Additional operational features include a walk-in cooler and a reverse osmosis system, which can support food preparation, storage, or continued brewing use. A newer rear deck overlooks the river, and the property includes dedicated parking for two vehicles plus one shared stall.
Located in downtown Kaukauna with Fox River views, the setting provides direct visual access to the river from the rear deck.
Recent updates include electrical, HVAC, interior and exterior paint, and plumbing, and available fixtures, furniture, and equipment may be purchased separately.
Located in downtown Kaukauna with Fox River views, the setting provides direct visual access to the river from the rear deck.
Recent updates include electrical, HVAC, interior and exterior paint, and plumbing, and available fixtures, furniture, and equipment may be purchased separately.
Key Highlights
- Commercial property in downtown Kaukauna with Fox River views and waterfront location
- 2,170 sq ft main level with open layout and spancrete construction; updated lighting and spiral ductwork
- Walkout lower level adds 708 sq ft newly finished space with epoxy flooring and a walk‑in cooler
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,561
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$231,220
$231.2K
Cap Rate 7%
$165,157
$165.2K
Cap Rate 9%
$128,456
$128.5K
Market Conditions
NOI Build-Up for 2,878 SF
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.
Gross rent
$17.0K $5.91/SF
− Vacancy
−$493 −$0.17/SF
EGI
$16.5K $5.74/SF
− OpEx
−$5.0K −$1.72/SF
NOI
$11.6K $4.02/SF
Area
Outagamie County, WI
Vacancy
2.90%
Lease Rate
$5.91 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$231,220
Cap Rate 7%
$165,157
Cap Rate 9%
$128,456
Alternative Uses
Best Use
Industrial
$165.2K
$144.5K – $192.7K
NOI $11,561 @ 7.0% cap · market cap 3.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$793.5K
$694.3K – $925.8K
NOI $55,545 @ 7.0% cap · market cap 17.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Explore this area
Business Placement
Demographics for 54130, WI
27,473
Population
11,507
Households
2.4
Avg Household Size
39
Median Age
27%
College-Educated
95%
High-School Grad
78.0 sq mi
ZIP Area
352
Density / Sq Mi
$86,364
Median Household Income
$50,128
Median Earnings
$969
Median Rent
$242,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Brewery - Main and walkout lower levels include epoxy flooring and a walk-in cooler for food prep, storage, or brewing.
Where is this brewery located?
The property is located at 115 WISCONSIN AVE Kaukauna, WI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Commercial property in downtown Kaukauna with Fox River views and waterfront location; 2,170 sq ft main level with open layout and spancrete construction; updated lighting and spiral ductwork; Walkout lower level adds 708 sq ft newly finished space with epoxy flooring and a walk‑in cooler
