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    Restaurant and Bar with Deli Title is generated by Realmo AI

    1222 Tower Ave, Superior, WI 54880

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    For Sale
    $470,000

    Restaurant/Bar - Superior, WI

    Property size:
    10,000 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $47/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 12:06 am

    Property Features for 1222 Tower Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Basement Y/N
    1
    Standard status
    Active
    Size
    10,000 SF
    Lot size
    0.16 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6900.61

    Building Details

    Year built
    1900
    Number of units
    1
    Building materials
    Brick
    Roof type
    Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Mollie Maruca
    Mollie Maruca

    Listing agent Mollie Maruca

    Listing office RE/MAX Results 2520 Maple Grove Road, Duluth, WI

    Listing date Jun 5, 2026

    MLS# 6125861 Listing URL

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

    HighLights

    • Superior Tavern on Tower Ave in the heart of Superior with two 5,000 SF levels plus a full 5,000 SF basement
    • Brick building with basement and rubber roof; features described include elongated bar and buddy bars/tables for seating space
    • Bar setup includes 5 gambling machines, pool table, ping pong table, pull tabs, and juke box
    • Updates listed: 80K roof installed in 2023, new flooring throughout, ice machine (2023), compressor (2024), and back bar (2024)
    • On‑site beverage program noted: 19 beers on tap plus a full ensemble of liquor
    • Basement features described include open space and a bocce ball court; second concept area includes a deli (Souptown Deli)

    Overview

    This property is a full-service restaurant and bar building configured with two main 5,000 square-foot levels plus a full 5,000 square-foot basement, for a total building size of about 10,000 square feet. The bar area includes an elongated bar and multiple seating positions, along with entertainment and gaming amenities such as five gambling machines, a pool table, ping pong table, pull tabs, and a juke box. The operator space is also supported by beverage service, with 19 beers on tap and a full ensemble of liquor.

    The building is located at 1222 Tower Ave in Superior, Wisconsin, described in the listing as centrally located in the heart of Superior. The other side of the bar operates as a deli referred to as Souptown Deli.

    Recent improvements noted in the remarks include an approximately 80,000 roof installed in 2023, new flooring throughout, an ice machine from 2023, a compressor from 2024, and back bar updates from 2024. The basement is described as having open spaces and a bocce ball court. The upstairs area is described as an additional clubhouse/speak-easy style bar space with an original character, giving the property a distinct multi-level layout for an owner-operator or a tenant looking for an established concept space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Superior Tavern — 1224 Tower Ave, Superior, WI 54880
    • Central Pub — 1001 Belknap St Suite 106, Superior, WI 54880
    • Jack's Place — 1923 Tower Ave, Superior, WI 54880
    • Third Base Bar — 1218 Tower Ave, Superior, WI 54880
    • Main Club — 1217 Tower Ave, Superior, WI 54880

    Location Insight

    • Map
    • Local Demand
    City
    Superior
    County
    Douglas
    State
    Wisconsin
    Longitude
    -92.1035817
    Latitude
    46.7235114

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    FAQs

    What type of property is this?
    Bar & Pub - Multi-level bar and restaurant with an attached deli and extensive updates, including a 2023 roof.
    Where is this bar & pub located?
    The property is located at 1222 Tower Ave Superior, WI.
    What is the asking price?
    The asking price for this property is $470,000.
    What are key features of this property?
    This property features: Superior Tavern on Tower Ave in the heart of Superior with two 5,000 SF levels plus a full 5,000 SF basement; Brick building with basement and rubber roof; features described include elongated bar and buddy bars/tables for seating space; Bar setup includes 5 gambling machines, pool table, ping pong table, pull tabs, and juke box
    (218) 393-1326
    We can help!
    Listing Contact
    Mollie Maruca
    Mollie Maruca
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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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