Restaurant and Bar with
For Sale
$354,900
14633 East Mail Rd, Gordon, WI 54838
Updated kitchen facilities, flexible dining areas, and a year-round cabin support multiple on-site uses.
Property Size3,160 SF
Days on Market65
Property Features for 14633 East Mail Rd
General Information
Standard status
Active
Size
3,160 SF
Property subtype
Business
Restaurant
Commercial Hood
Yes
Equipment Included
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,351
Amenities
space for music venues
direct access to ATV/UTV routes
snowmobile trail access
Building Details
Building Size
3,160 SF
Year Built
1994
Listing Agency:
Re/Max 4 Season, LLC
(218) 730-8317
Listed By:
Sara Haakenson · License #5028394
Source:
Visionsfirstrealty
Added: Jun 27
Changed: Aug 29
Last Checked: Aug 29 at 7:28PM
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 Re/Max 4 Season, LLC
Investment Insights
Based on property information with market context.
This restaurant and bar property was built in 1994 and includes a commercial kitchen with an updated Ansul/exhaust system, commercial dishwasher, fryers, smoker, and other kitchen equipment. The bar area accommodates 14 seats at the counter and 42 additional table seats, while a separate dining room provides another setting for meals and gatherings. Space is also available for music and local events.
A recently updated, year-round two-bedroom cabin is included on the property and can function as living quarters or a rental unit. The site offers direct access to ATV/UTV routes on Douglas County roads and snowmobile trails that connect to the property. An adjacent seasonal campground operates with 78 campsites at full occupancy, and an LP gas filling station adds another on-site operation.
A recently updated, year-round two-bedroom cabin is included on the property and can function as living quarters or a rental unit. The site offers direct access to ATV/UTV routes on Douglas County roads and snowmobile trails that connect to the property. An adjacent seasonal campground operates with 78 campsites at full occupancy, and an LP gas filling station adds another on-site operation.
Key Highlights
- Commercial restaurant and bar with 14 bar seats and 42 table seats
- Commercial kitchen includes updated Ansul/exhaust system, dishwasher, fryers, smoker, and other equipment
- Separate dining room plus space for music and local events
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
$12,772
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
3.60%
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%
$255,440
$255.4K
Cap Rate 7%
$182,457
$182.5K
Cap Rate 9%
$141,911
$141.9K
Market Conditions
NOI Build-Up for 3,160 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
$18.6K $5.88/SF
− Vacancy
−$334 −$0.11/SF
EGI
$18.2K $5.77/SF
− OpEx
−$5.5K −$1.73/SF
NOI
$12.8K $4.04/SF
Area
Douglas County, WI
Vacancy
1.80%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
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%
$255,440
Cap Rate 7%
$182,457
Cap Rate 9%
$141,911
Alternative Uses
Best Use
Specialty Retail
$996.3K
$871.8K – $1.16M
NOI $69,743 @ 7.0% cap · market cap 19.65%
Second Best
Industrial
$182.5K
$159.7K – $212.9K
NOI $12,772 @ 7.0% cap · market cap 3.60%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54838, WI
1,481
Population
1,685
Households
0.9
Avg Household Size
59
Median Age
29%
College-Educated
95%
High-School Grad
241.0 sq mi
ZIP Area
6
Density / Sq Mi
$75,000
Median Household Income
$39,554
Median Earnings
$917
Median Rent
$235,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Updated kitchen facilities, flexible dining areas, and a year-round cabin support multiple on-site uses.
Where is this conventional restaurant located?
The property is located at 14633 East Mail Rd Gordon, WI.
What is the asking price?
The asking price for this property is $354,900.
What are key features of this property?
This property features: Commercial restaurant and bar with 14 bar seats and 42 table seats; Commercial kitchen includes updated Ansul/exhaust system, dishwasher, fryers, smoker, and other equipment; Separate dining room plus space for music and local events
