Waterfront Bar & Restaurant
For Sale
$595,000
127 W Main, Belleville, WI 53508
Turnkey bar and restaurant with living quarters in Belleville, WI.
Property Size3,461 SF
Price / SF$171.92
Days on Market253
Property Features for 127 W Main
General Information
Standard status
Active
Size
3,461 SF
Property subtype
Commercial
Building Details
Year Built
1920
Listing Agency:
EXIT Professional Real Estate
Listed By:
Christina Buol · License #9037394
(608) 469-0833
Source:
Madisonareahomelistings
Added: Jan 27
Changed: Oct 1
Last Checked: Oct 7 at 12:54PM
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 EXIT Professional Real Estate
Investment Insights
Based on property information with market context.
This turnkey waterfront bar and restaurant is located in Belleville, WI, on scenic Lake Belle View, minutes from the Badger State Trail. The established business benefits from steady local, commuter, and tourism traffic year-round. The property features indoor and outdoor seating, plus updated living quarters on the second floor. Recent updates include a new steam boiler (2021), and attic insulation (2025), along with updated electrical and plumbing and newer flooring. The upstairs apartment has been fully remodeled with new cabinets and countertops, refinished original wood floors, updated lighting, 4 mini-split units, and fresh paint. The apartment is move-in ready and modernized throughout, making it ideal for owner occupancy, long-term rental, or Airbnb income. Belleville continues to expand with new housing developments, increased tourism, and convenient access to Madison and Verona. The property size is 3461 square feet.
Key Highlights
- Turnkey waterfront bar & restaurant on Lake Belle View with indoor/outdoor seating.
- Updated living quarters/apartment on the second floor, ideal for owner occupancy, rental, or Airbnb.
- High‑visibility location in growing Belleville, near Badger State Trail.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,200
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$884,000
$884.0K
Cap Rate 7%
$631,429
$631.4K
Cap Rate 9%
$491,111
$491.1K
Market Conditions
NOI Build-Up for 3,461 SF
Gross rent
$62.3K $18.00/SF
− Vacancy
−$3.4K −$0.97/SF
EGI
$58.9K $17.03/SF
− OpEx
−$14.7K −$4.26/SF
NOI
$44.2K $12.77/SF
Area
Dane County, WI
Vacancy
5.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$884,000
Cap Rate 7%
$631,429
Cap Rate 9%
$491,111
Alternative Uses
Best Use
Specialty Retail
$631.4K
$552.5K – $736.7K
NOI $44,200 @ 7.0% cap · market cap 7.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$804.3K
$703.7K – $938.3K
NOI $56,298 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53508, WI
5,477
Population
2,421
Households
2.3
Avg Household Size
42
Median Age
36%
College-Educated
97%
High-School Grad
67.9 sq mi
ZIP Area
81
Density / Sq Mi
$95,577
Median Household Income
$51,021
Median Earnings
$1,002
Median Rent
$330,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- J & M Bar — 127 W Main St, Belleville, WI 53508
- The Dam Bar — 3 E Main St, Belleville, WI 53508
- Belleville Ale House — 7 W Main St, Belleville, WI 53508
- The Nest Tavern — 30 W Main St, Belleville, WI 53508
- Belleville Music Festival — Bross Cir, Belleville, WI 53508
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turnkey bar and restaurant with living quarters in Belleville, WI.
Where is this bar & pub located?
The property is located at 127 W Main Belleville, WI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Turnkey waterfront bar & restaurant on Lake Belle View with indoor/outdoor seating.; Updated living quarters/apartment on the second floor, ideal for owner occupancy, rental, or Airbnb.; High‑visibility location in growing Belleville, near Badger State Trail.
