Restaurant Bar with Liquor
For Sale
$695,000
121 N 10th St, De Pere, WI 54115
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 Market93
Property Features for 121 N 10th St
General Information
Standard status
Active
Size
3,008 SF
Total Parking Spaces
50
Additional Details
Business Included
Yes
Highway Access
Yes
Liquor License
Yes
Amenities
4 bathrooms
large open concept
bar room
extra bonus room for private parties
2 bonus rooms in basement
Building Details
Year Built
1989
Listing Agency:
Mark D Olejniczak Realty, Inc.
Listed By:
Mark D. Olejniczak · License #9475751
(920) 265-4367
Source:
Moving2greenbay
Added: Jul 21
Changed: Oct 16
Last Checked: Oct 7 at 12:55PM
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.
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,552
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$791,040
$791.0K
Cap Rate 7%
$565,029
$565.0K
Cap Rate 9%
$439,467
$439.5K
Market Conditions
NOI Build-Up for 3,008 SF
Gross rent
$54.1K $18.00/SF
− Vacancy
−$1.4K −$0.47/SF
EGI
$52.7K $17.53/SF
− OpEx
−$13.2K −$4.38/SF
NOI
$39.6K $13.15/SF
Area
Brown County, WI
Vacancy
2.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$791,040
Cap Rate 7%
$565,029
Cap Rate 9%
$439,467
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
376
Businesses Nearby
87k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Groceries 30%
Shops & Services 15%
Home Improvements & Furnishings 1%
McDonald's
Dining
26,411 visits/mo
0.1 miles
Aldi
Groceries
25,688 visits/mo
0.1 miles
Starbucks
Dining
8,311 visits/mo
0.1 miles
BP
Shops & Services
7,508 visits/mo
0.3 miles
Taco Bell
Dining
6,939 visits/mo
0.3 miles
Demographics for 54115, WI
48,710
Population
20,415
Households
2.4
Avg Household Size
37
Median Age
40%
College-Educated
96%
High-School Grad
124.0 sq mi
ZIP Area
393
Density / Sq Mi
$92,023
Median Household Income
$46,843
Median Earnings
$1,071
Median Rent
$307,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Brickhouse Craft Burgers & Brews — 500 Grant St, De Pere, WI 54115
- Aunt Ethel's — 377 main ave, de pere, wi 54115
- Baba Louies — 419 Main Ave, De Pere, WI 54115
- Sidekicks Bar & Grill — 930 Main Ave, De Pere, WI 54115
- Old No 7 — 121 N 10th St, De Pere, WI 54115
Frequently Asked Questions
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
