Restaurant Building with Kitchen
1617 Academy Avenue, Stevens Point, WI 54481
For Sale
$840,000
A corner site near the highway offers restaurant furnishings, storage areas, and on-site parking.
Property Size4,332 SF
Price / SF$193.91
Days on Market79
Property Features for 1617 Academy Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Frontage
Highway Access
Restaurant
Seating Capacity
Equipment Included
Liquor License
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Furnished
Amenities
large walk-in cooler
upper level storage area
additional walk-in cooler
large storage building
Building Details
Building Size
Buildings
Listing Agency:
Remax Excel
(715) 849-5544
Listed By:
Michelle Millikin · License #51512-90
(715) 581-9013
Source:
Dixongreinerrealty
Added: Aug 21
Changed: Nov 7
Last Checked: Nov 7 at 6:35PM
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 Remax Excel
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Investment Insights
Based on property information with market context.
The 4,332-square-foot property is configured as a restaurant and bar with seating for 86 guests. Kitchen and cooling equipment, furnishings, and two walk-in coolers are included. Additional features include upper-level storage and a separate large storage building. A liquor license is available for separate purchase.
Set on just under an acre, the property occupies a corner with a controlled intersection and 270 feet of frontage. It is near the highway and lies between Sentry and the University of Wisconsin–Stevens Point, with Kwik Trip and Festival Foods among the surrounding businesses. The site has more than 60 parking spaces.
The current tenant is short term, with flexibility in lease terms.
Set on just under an acre, the property occupies a corner with a controlled intersection and 270 feet of frontage. It is near the highway and lies between Sentry and the University of Wisconsin–Stevens Point, with Kwik Trip and Festival Foods among the surrounding businesses. The site has more than 60 parking spaces.
The current tenant is short term, with flexibility in lease terms.
Key Highlights
- 4,300+ SF restaurant/bar building with seating for 86 guests
- 270 feet of frontage at a corner with a controlled intersection
- 60+ parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,014
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,280
$1.2M
Cap Rate 7%
$843,057
$843.1K
Cap Rate 9%
$655,711
$655.7K
Market Conditions
NOI Build-Up for 4,332 SF
Gross rent
$82.1K $18.96/SF
− Vacancy
−$3.4K −$0.80/SF
EGI
$78.7K $18.16/SF
− OpEx
−$19.7K −$4.54/SF
NOI
$59.0K $13.62/SF
Area
Portage County, WI
Vacancy
4.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,280
Cap Rate 7%
$843,057
Cap Rate 9%
$655,711
Alternative Uses
Best Use
Specialty Retail
$843.1K
$737.7K – $983.6K
NOI $59,014 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
852
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54481, WI
28,100
Population
12,697
Households
2.2
Avg Household Size
32
Median Age
38%
College-Educated
96%
High-School Grad
65.6 sq mi
ZIP Area
428
Density / Sq Mi
$57,234
Median Household Income
$29,506
Median Earnings
$853
Median Rent
$191,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- UWSP Upper Dining Hall — 325 Isadore St, Stevens Point, WI 54481
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A corner site near the highway offers restaurant furnishings, storage areas, and on-site parking.
Where is this conventional restaurant located?
The property is located at 1617 Academy Avenue Stevens Point, WI.
What is the asking price?
The asking price for this property is $840,000.
What are key features of this property?
This property features: 4,300+ SF restaurant/bar building with seating for 86 guests; 270 feet of frontage at a corner with a controlled intersection; 60+ parking spaces
