Restaurant & Lounge for
151 N Progress Dr Saukville, WI 53080
151 N Progress Dr, Saukville, WI, 53080
$800,000
For Sale
$800,000
Messina Restaurant & Lounge includes on-site parking and outdoor decor, with convenient access from Highway 43.
Property Size4,004 SF
Price / SF$199.80
Days on Market265
Property Features for 151 N Progress Dr
General Information
- Standard status
- Active
- Size
- 4,004 SF
Listing agency
Homesmart Connect LLC
(262) 492-5708
Listed by
Scott Eberle · License #475124040
(262) 492-5708
Source
Exprealty
Added: Oct 31, 2025 Updated: Jul 22 at 5:14AM Checked: Jul 22 at 5:14AM
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 Homesmart Connect LLC
Investment Insights
Based on property information with market context.
Messina Restaurant & Lounge is a family Italian restaurant property offering a dining and lounge concept. The restaurant occupies a prominent lot with plenty of parking and includes outside decor intended to enhance the guest experience.
The property is easily accessible from Highway 43 and serves Saukville and surrounding areas, drawing in both locals and visitors.
This is a turnkey restaurant real estate offering centered on an established dining venue with a strong emphasis on curb presence and outdoor appeal.
The property is easily accessible from Highway 43 and serves Saukville and surrounding areas, drawing in both locals and visitors.
This is a turnkey restaurant real estate offering centered on an established dining venue with a strong emphasis on curb presence and outdoor appeal.
Key Highlights
- Restaurant and lounge property in Saukville and surrounding areas
- On‑site parking available
- Outdoor decor included
Local 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 | $86.5k | $21.60 |
| − Vacancy | −$5.0k | −$1.25 |
| EGI | $81.5k | $20.35 |
| − OpEx | −$20.4k | −$5.09 |
| NOI | $61.1k | $15.26 |
4,004 SF · lease $21.60/SF/yr · vacancy 5.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$872.9K
$763.8K – $1.02M
NOI $61,103 @ 7.0% cap · market cap 7.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$943.4K
$825.5K – $1.10M
NOI $66,037 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Messina Restaurant & Lounge
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Messina Restaurant & Lounge includes on-site parking and outdoor decor, with convenient access from Highway 43.
Where is this conventional restaurant located?
The property is located at 151 N Progress Dr Saukville, WI.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Restaurant and lounge property in Saukville and surrounding areas; On‑site parking available; Outdoor decor included
