Restaurant With Upstairs
For Sale
$334,900
1418 Main Street, Bloomer, WI 54724
CommercialSale, Bloomer, WI
Property Size2,728 SF
Lot Size0.06 Acres
Price / SF$122.76
Days on Market427
Property Features for 1418 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Interior features
Furnished, Storage
Accessibility
Accessible Approach with Ramp
Elementary school district
Bloomer
Middle school district
Bloomer
High school district
Bloomer
Directions
Get on US-53 N in Altoona from US-53 ALT, Follow US-53 N to WI-40 N in Bloomer. Take exit 110 from US-53 N, Continue on WI-40 N. Drive to Main St
Standard status
Active
APN
23009-0922-6038030B
Size
2,728 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 09, T 30 N, R 09 W VAN LOON'S ADDITION LOT 2 THE S 19'7" BLK 3 EX THE S 18" ASSESS W/COMP #1195 (MAIN STREET CAFFEE)
Tax Annual Amount
1440
Legal Description
SEC 09, T 30 N, R 09 W VAN LOON'S ADDITION LOT 2 THE S 19'7" BLK 3 EX THE S 18" ASSESS W/COMP #1195 (MAIN STREET CAFFEE)
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1910
Flooring type
Carpet
Building materials
Brick, VinylSiding, WoodSiding
Additional Structures
Storage
Listing Agency:
Elite Realty Group, LLC
(715) 830-1001
Listed By:
Mary Rufledt · License #55432-90
(715) 830-1001
Added: Jun 20, 2025
Changed: Aug 19
Last Checked: Aug 20 at 12:06AM
MLS# 1592875
Copyright © 2026 REALTORS® Association of Northwestern 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 2,728-square-foot restaurant property includes the café operation, furnishings, storage, a basement, and a two-bedroom apartment on the upper level. The business produces between 500 and 1,000 pies weekly in over 40 varieties and supplies 10 restaurants in addition to serving its own storefront. The building dates to 1910 and features brick, vinyl siding, and wood siding, along with forced-air heating, central air, public water, and public sewer.
Located at 1418 Main Street in Bloomer, Wisconsin, the property occupies 0.058 acres and has convenient parking at the rear. An accessible approach with ramp supports customer access. The apartment provides an additional residential component above the restaurant, while the established pie production operation serves both retail and wholesale demand.
Located at 1418 Main Street in Bloomer, Wisconsin, the property occupies 0.058 acres and has convenient parking at the rear. An accessible approach with ramp supports customer access. The apartment provides an additional residential component above the restaurant, while the established pie production operation serves both retail and wholesale demand.
Key Highlights
- 2,728 SF restaurant property with a two‑bedroom apartment above the café
- Pie production ranges from 500 to 1,000 pies weekly across over 40 varieties
- Wholesale operation supplies 10 restaurants in addition to the storefront
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,621
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$552,420
$552.4K
Cap Rate 7%
$394,586
$394.6K
Cap Rate 9%
$306,900
$306.9K
Market Conditions
NOI Build-Up for 2,728 SF
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.
Gross rent
$49.1K $18.00/SF
− Vacancy
−$4.9K −$1.80/SF
EGI
$44.2K $16.20/SF
− OpEx
−$16.6K −$6.07/SF
NOI
$27.6K $10.13/SF
Area
Chippewa County, WI
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$552,420
Cap Rate 7%
$394,586
Cap Rate 9%
$306,900
Alternative Uses
Best Use
Specialty Retail
$530.9K
$464.5K – $619.4K
NOI $37,163 @ 7.0% cap · market cap 11.10%
Second Best
Mixed Use
$394.6K
$345.3K – $460.4K
NOI $27,621 @ 7.0% cap · market cap 8.25%
Theoretical Best
Warehouse
$1.51M
$1.33M – $1.77M
NOI $106,015 @ 7.0% cap · market cap 31.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
11k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Home Improvements & Furnishings 24%
Dollar Tree
Shops & Services
4,940 visits/mo
0.3 miles
Shadick's Ace Hardware
Home Improvements & Furnishings
2,575 visits/mo
0.2 miles
Associated Bank
Shops & Services
1,353 visits/mo
0.1 miles
Napa Auto Parts
Shops & Services
1,120 visits/mo
0.4 miles
Carquest Auto Parts
Shops & Services
770 visits/mo
0.2 miles
Demographics for 54724, WI
7,525
Population
3,129
Households
2.4
Avg Household Size
43
Median Age
25%
College-Educated
95%
High-School Grad
162.2 sq mi
ZIP Area
46
Density / Sq Mi
$71,121
Median Household Income
$41,017
Median Earnings
$787
Median Rent
$231,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating café with wholesale pie production, rear parking, and a two-bedroom apartment above the dining space.
Where is this conventional restaurant located?
The property is located at 1418 Main Street Bloomer, WI.
What is the asking price?
The asking price for this property is $334,900.
What are key features of this property?
This property features: 2,728 SF restaurant property with a two‑bedroom apartment above the café; Pie production ranges from 500 to 1,000 pies weekly across over 40 varieties; Wholesale operation supplies 10 restaurants in addition to the storefront
