Turnkey Waterfront Bar &
127 W Main Street Belleville, WI 53508
For Sale
$695,000
COMMERCIAL - Belleville, WI
Property Size3,461 SF
Lot Size0.14 Acres
Price / SF$200.81
Days on Market70
Property Features for 127 W Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Comm
- Parking features
- Offsite
- Interior features
- Private Restrooms, Residential unit(s)
- Standard status
- Active
- APN
- 0508-343-7094-4
- Size
- 3,461 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5105
Building Details
- Year built
- 1920
- Number of units
- 2
- Roof type
- Membrane, Flat, Composition
Listing Agency:
EXIT Professional Real Estate
(608) 426-7111
Listed By:
Christina Buol
(608) 469-0833
Added: May 15
Changed: Jul 23
Last Checked: Jul 23 at 9:06PM
MLS# 2017131
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This turnkey waterfront bar and restaurant offers both indoor and outdoor seating. The property also includes updated living quarters on the second floor, providing additional enclosed space beyond the dining areas.
Recent improvements include a new steam boiler in 2021, attic insulation in 2025, updated electrical and plumbing, and newer flooring throughout. The upstairs apartment has been fully remodeled with new cabinets and countertops, refinished original wood floors, updated lighting, four mini-split units, and fresh paint.
Situated on a small waterfront lot, this is offered as a for-sale opportunity in Belleville, Wisconsin, with access to both local and tourism traffic as described in the remarks.
Recent improvements include a new steam boiler in 2021, attic insulation in 2025, updated electrical and plumbing, and newer flooring throughout. The upstairs apartment has been fully remodeled with new cabinets and countertops, refinished original wood floors, updated lighting, four mini-split units, and fresh paint.
Situated on a small waterfront lot, this is offered as a for-sale opportunity in Belleville, Wisconsin, with access to both local and tourism traffic as described in the remarks.
Key Highlights
- Established waterfront bar & restaurant on scenic Lake Belle View with indoor and outdoor seating
- Updated second‑floor living quarters/apartment with new cabinets and countertops, refinished original wood floors, updated lighting, and fresh paint
- 4 mini‑split units plus updated electrical and plumbing and newer flooring in the upstairs apartment
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 | $62.3k | $18.00 |
| − Vacancy | −$3.4k | −$0.97 |
| EGI | $58.9k | $17.03 |
| − OpEx | −$14.7k | −$4.26 |
| NOI | $44.2k | $12.77 |
3,461 SF · lease $18.00/SF/yr · vacancy 5.40% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$631.4K
$552.5K – $736.7K
NOI $44,200 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$804.3K
$703.7K – $938.3K
NOI $56,298 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
ATM
Atm
J & M Bar
Bar & Pub
Similar Off Market Nearby
- The Dam Bar — 3 E Main St, Belleville, WI 53508
- J & M Bar — 127 W Main St, Belleville, WI 53508
- Belleville Ale House — 7 W Main St, Belleville, WI 53508
- Belleville Music Festival — Bross Cir, Belleville, WI 53508
- The Nest Tavern — 30 W Main St, Belleville, WI 53508
FAQs
What type of property is this?
Bar & Pub - Turnkey bar and restaurant with indoor and outdoor seating and an updated second-floor apartment.
Where is this bar & pub located?
The property is located at 127 W Main Street Belleville, 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: Established waterfront bar & restaurant on scenic Lake Belle View with indoor and outdoor seating; Updated second‑floor living quarters/apartment with new cabinets and countertops, refinished original wood floors, updated lighting, and fresh paint; 4 mini‑split units plus updated electrical and plumbing and newer flooring in the upstairs apartment
