Established Bar in Green
For Sale
$429,900
1803 Main St, Green Bay, WI 54302
Popular Green Bay Bar
Property Size3,196 SF
Lot Size0.21 Acres
Price / SF$134.51
Days on Market215
Property Features for 1803 Main St
General Information
Standard status
Active
Property type
Other retail properties, Retail properties & Spaces
Size
3,196 SF
Class
C
Lot size
0.21 Acres
Building Details
Year Built
1948
Stories
1
Listing Agency:
(866) 858-1255
Listed By:
Wade
(866) 858-1255
Added: Jan 19
Changed: Mar 16
Investment Insights
Based on property information with market context.
This well-maintained bar is located on a high-traffic, four-lane street in Green Bay, near the intersection of Main Street and Lime Kiln, and adjacent to other established businesses. The property features a large, oval-shaped bar, coolers, a glass chiller, and a dishwasher. The 3,196 square-foot space offers room for a dance floor, seating, tables, games, and a pool table. A back door leads to a large, fenced outdoor area that includes a 12x12 deck, a large patio and seating area, and a horseshoe pit. The full, clean basement provides storage space and includes a large walk-in cooler, office space, and a washer and dryer. The lot size is 0.21 acres. The property is located north of I-43 on Main Street.
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
$35,330
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
8.22%
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%
$706,600
$706.6K
Cap Rate 7%
$504,714
$504.7K
Cap Rate 9%
$392,556
$392.6K
Market Conditions
NOI Build-Up for 3,196 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
$53.7K $16.80/SF
− Vacancy
−$3.2K −$1.01/SF
EGI
$50.5K $15.79/SF
− OpEx
−$15.1K −$4.74/SF
NOI
$35.3K $11.05/SF
Area
Green Bay, WI
Vacancy
6.00%
Lease Rate
$16.80 /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%
$706,600
Cap Rate 7%
$504,714
Cap Rate 9%
$392,556
Alternative Uses
Best Use
Retail
$504.7K
$441.6K – $588.8K
NOI $35,330 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$745.1K
$652.0K – $869.3K
NOI $52,159 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
132k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 84%
Apparel 10%
Home Improvements & Furnishings 6%
Walmart
Superstores
111,267 visits/mo
0.3 miles
Goodwill
Apparel
12,644 visits/mo
0.2 miles
Harbor Freight Tools
Home Improvements & Furnishings
7,831 visits/mo
0.2 miles
Demographics for 54302, WI
31,327
Population
13,390
Households
2.3
Avg Household Size
34
Median Age
19%
College-Educated
81%
High-School Grad
9.2 sq mi
ZIP Area
3,405
Density / Sq Mi
$55,772
Median Household Income
$37,257
Median Earnings
$881
Median Rent
$164,500
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?
Other retail property - Popular Green Bay Bar
Where is this other retail property located?
The property is located at 1803 Main St Green Bay, WI.
What is the asking price?
The asking price for this property is $429,900.
