Turnkey Bar and Restaurant with
1380 Friess Lake Rd Hubertus, WI 53033
For Sale
Contact for pricing
Turnkey bar and restaurant includes a fully equipped kitchen and upstairs 4-bedroom rental apartment.
Property Size4,000 SF
Lot Size1.00 Acre
Price / SF$168.73
Days on Market53
Property Features for 1380 Friess Lake Rd
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 1.00 Acre
- Property subtype
- Retail, Mixed Use
Building Details
- Year Built
- 1920
Listing Agency:
Sophia Barry Realty Group
(262) 354-4006
Listed By:
Sophia Barry · License #WI 5960890
Source:
Crexi
Added: Jun 2
Changed: Jul 21
Last Checked: Jul 24 at 6:04PM
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 Sophia Barry Realty Group
Investment Insights
Based on property information with market context.
This turnkey bar and restaurant offering includes a fully equipped kitchen with a 6-burner stove, griddle, broiler, Alto-Shaam, double fryer, dishwashers, and multiple refrigerators. The main dining area features a gas fireplace, a 15-seat bar, three high tops, wine coolers, hardwired speakers, and a 12-top dining table. Upstairs, there is a spacious 4-bedroom apartment with a full bath, new deck, and in-unit washer/dryer plus stove and refrigerator.
The property includes parking for 30 and sits on over an acre near Holy Hill, a ski hill, and a lake. Recent updates include a 2023 roof, a rebuilt boiler, 2024 HVAC units and an air exchanger, and newer septic and well systems. Additional features include a garage walk-in cooler and freezer, with riding lawnmowers included. A historical grants option through the Town of Richfield may be available.
The nearby lot across the street is not for sale, and the survey is available for review.
The property includes parking for 30 and sits on over an acre near Holy Hill, a ski hill, and a lake. Recent updates include a 2023 roof, a rebuilt boiler, 2024 HVAC units and an air exchanger, and newer septic and well systems. Additional features include a garage walk-in cooler and freezer, with riding lawnmowers included. A historical grants option through the Town of Richfield may be available.
The nearby lot across the street is not for sale, and the survey is available for review.
Key Highlights
- Turnkey historical bar and restaurant with fully equipped kitchen, including 6‑burner stove, broiler, Alto‑Shaam, double fryer, and griddle
- Main dining area features gas fireplace, 15‑seat bar, 12‑top dining table, wine coolers, hardwired speakers, and 3 high tops
- Upstairs 4‑bedroom apartment with full bath and in‑unit laundry (washer and dryer), plus stove, fridge, and a new deck
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 | $60.0k | $15.00 |
| − Vacancy | −$2.2k | −$0.54 |
| EGI | $57.8k | $14.46 |
| − OpEx | −$14.5k | −$3.61 |
| NOI | $43.4k | $10.84 |
4,000 SF · lease $15.00/SF/yr · vacancy 3.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$619.7K
$542.3K – $723.0K
NOI $43,380 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$962.2K – $1.28M
NOI $76,976 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Alpine Retreat
Restaurant
FAQs
What type of property is this?
Conventional restaurant - Turnkey bar and restaurant includes a fully equipped kitchen and upstairs 4-bedroom rental apartment.
Where is this conventional restaurant located?
The property is located at 1380 Friess Lake Rd Hubertus, WI.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Turnkey historical bar and restaurant with fully equipped kitchen, including 6‑burner stove, broiler, Alto‑Shaam, double fryer, and griddle; Main dining area features gas fireplace, 15‑seat bar, 12‑top dining table, wine coolers, hardwired speakers, and 3 high tops; Upstairs 4‑bedroom apartment with full bath and in‑unit laundry (washer and dryer), plus stove, fridge, and a new deck
