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    1711 Us Highway 51 Mercer, WI 54547

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    For Sale
    $348,500

    Iconic restaurant/bar with high traffic and trail access in Mercer.

    Property Features for 1711 Us Highway 51

    General Information

    Standard status
    Active

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    Listing Contact
    LINDA LONG TEAM
    Source: Exprealty

    Listing Agency: REDMAN REALTY GROUP, LLC Listing Agent: LINDA LONG TEAM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Mercer Restaurant and Bar Opportunity

    This iconic restaurant and bar is located in the Mercer area at the intersection of US Hwy 51 and State HWY 47, benefiting from average daily traffic counts exceeding 4800 cars per day. It also serves as the main trail intersection for Iron County's snowmobile and ATV trails. Known as The Ding A Ling, this classic North Woods Supper Club has an established reputation and customer base. The property features a tiled bar, a salad bar, a large dining room, and a bright kitchen, all well-maintained. Recent improvements have been made. Additional features include a large garage for extra storage and a two-bedroom apartment upstairs, suitable for on-site owners, a chef, or a manager. The location is suited for various business concepts, including a supper club, sports bar and grill, or retail. The seller has operated the business for over 40 years and is retiring.
    Location Intelligence

    Current Use by Public Records

    Bars

    Map

    City
    Mercer
    County
    State
    Wisconsin
    Longitude
    -90.014532
    Latitude
    46.132104

    Nearby Similar for Sale

    • $697,000
      0.56 Acres

      Restaurant and Event Center For Sale

      Popular restaurant, bar, and event center with multiple revenue streams.
      5234 Hwy 51, Mercer, WI 54547
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    • $348,500
      0.92 Acres

      Iconic Mercer Area Restaurant/Bar

      Established restaurant/bar with apartment and high traffic location.
      1711 Hwy 51, Mercer, WI 54547
      View Details

    FAQs

    What type of property is this?
    Bar - Iconic restaurant/bar with high traffic and trail access in Mercer.
    Where is this bar located?
    The property is located at 1711 Us Highway 51 Mercer, WI.
    What is the asking price?
    The asking price for this property is $348,500.
    What are key features of this property?
    This property features: - High-traffic location at the intersection of US Hwy 51 and State HWY 47.; - Established restaurant/bar with a long-standing reputation and built-in customer base (over 40 years).; - Includes a 2-bedroom apartment, ideal for owner occupancy or staff housing.
    (715) 543-2544
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    1711 Us Highway 51 Mercer, WI 54547
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    Mercer, WI 54547
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1711 Us Highway 51 Mercer, WI 54547
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    Listing Contact
    LINDA LONG TEAM
    (715) 543-2544
    Learn more
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