Restaurant Bar with Liquor
121 N 10th St De Pere, WI 54115
New
121 N 10th St, De Pere, WI, 54115
$695,000
For Sale
$695,000
Bar and restaurant real estate with bar room, open concept layout, central air, and a liquor license included.
Property Size3,008 SF
Price / SF$231.05
Days on Market2
Property Features for 121 N 10th St
General Information
- Standard status
- Active
- Size
- 3,008 SF
Building Details
- Year Built
- 1989
Listing agency
Mark D Olejniczak Realty, Inc.
(920) 265-4367
Listed by
Mark D. Olejniczak · License #9016152
Source
Smartteamhomes
Added: Jul 21 Updated: Jul 22 at 2:42AM Checked: Jul 22 at 2:42AM
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 Mark D Olejniczak Realty, Inc.
Investment Insights
Based on property information with market context.
For sale, the real estate and business known as Old #7, including the associated liquor license. The property features a large open concept main space with a bar room, plus an additional bonus room designed for private parties. The layout also includes multiple bathrooms and two bonus rooms in the basement.
The building has gas heat and central air conditioning, with an asphalt shingle roof. Approximately 50 parking stalls are available for patrons and staff. The property is described as being conveniently located and established, with quick access just minutes off the highway and Lambeau Field.
The sale is offered “As Is, Where Is.” The seller indicates approximately 1,000 square feet in the basement and includes a land contract option with a $195,000 down payment. Please allow 72 hours to present offers for any showing requests.
The building has gas heat and central air conditioning, with an asphalt shingle roof. Approximately 50 parking stalls are available for patrons and staff. The property is described as being conveniently located and established, with quick access just minutes off the highway and Lambeau Field.
The sale is offered “As Is, Where Is.” The seller indicates approximately 1,000 square feet in the basement and includes a land contract option with a $195,000 down payment. Please allow 72 hours to present offers for any showing requests.
Key Highlights
- Bar and restaurant real estate for sale, including the business known as Old #7
- 4 bathrooms with a large open concept layout plus bar room and a bonus room for private parties
- Gas heat, central air conditioning, and an asphalt shingle roof
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 | $54.1k | $18.00 |
| − Vacancy | −$1.4k | −$0.47 |
| EGI | $52.7k | $17.53 |
| − OpEx | −$13.2k | −$4.38 |
| NOI | $39.6k | $13.15 |
3,008 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$565.0K
$494.4K – $659.2K
NOI $39,552 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.52M
$2.20M – $2.93M
NOI $176,070 @ 7.0% cap · market cap 25.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Old No 7
Bar & Pub
Similar For Sale Nearby
Similar Off Market Nearby
- Aunt Ethel's — 377 main ave, de pere, wi 54115
- Brickhouse Craft Burgers & Brews — 500 Grant St, De Pere, WI 54115
- Sidekicks Bar & Grill — 930 Main Ave, De Pere, WI 54115
- Baba Louies — 419 Main Ave, De Pere, WI 54115
- Old No 7 — 121 N 10th St, De Pere, WI 54115
FAQs
What type of property is this?
Bar & Pub - Bar and restaurant real estate with bar room, open concept layout, central air, and a liquor license included.
Where is this bar & pub located?
The property is located at 121 N 10th St De Pere, WI.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Bar and restaurant real estate for sale, including the business known as Old #7; 4 bathrooms with a large open concept layout plus bar room and a bonus room for private parties; Gas heat, central air conditioning, and an asphalt shingle roof
