Lake Wissota Bar and
For Sale
Contact for pricing
Pending
18091 County Hwy X, Chippewa Falls, WI 54729
Established bar and grill with income-producing duplexes near Ray's Beach.
Property Size1,672 SF
Days on Market362
Property Features for 18091 County Hwy X
General Information
Standard status
Pending
Size
1,672 SF
Property subtype
Land
Building Details
Year Built
1922
Listing Agency:
Coldwell Banker Brenizer, Realtors Eau Claire
(715) 835-4344
Listed By:
Shelley Finnessy · License #WI
Source:
Crexi
Added: Aug 23, 2025
Changed: Aug 8
Last Checked: Jul 24 at 3:09PM
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 Coldwell Banker Brenizer, Realtors Eau Claire
Investment Insights
Based on property information with market context.
This well-established bar and grill is situated in the Lake Wissota area, directly across from Ray's Beach. The property includes ample parking and strong visibility, with room for expansion and long-term growth. The sale includes two duplexes, providing built-in residential income. An easement provides access to a walking trail leading to the lake. The property size is 1,672 square feet.
Key Highlights
- Established bar and grill in a high‑activity area on Lake Wissota.
- Includes two income‑generating duplexes.
- Ample parking and strong visibility.
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
$22,777
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
3.59%
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%
$455,540
$455.5K
Cap Rate 7%
$325,386
$325.4K
Cap Rate 9%
$253,078
$253.1K
Market Conditions
NOI Build-Up for 1,672 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
$31.7K $18.96/SF
− Vacancy
−$1.3K −$0.80/SF
EGI
$30.4K $18.16/SF
− OpEx
−$7.6K −$4.54/SF
NOI
$22.8K $13.62/SF
Area
Chippewa 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 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%
$455,540
Cap Rate 7%
$325,386
Cap Rate 9%
$253,078
Alternative Uses
Best Use
Specialty Retail
$325.4K
$284.7K – $379.6K
NOI $22,777 @ 7.0% cap · market cap 3.59%
Second Best
Multifamily LT 5
$199.1K
$174.2K – $232.3K
NOI $13,936 @ 7.0% cap · market cap 2.19%
Theoretical Best
Warehouse
$928.2K
$812.2K – $1.08M
NOI $64,977 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54729, WI
33,980
Population
15,386
Households
2.2
Avg Household Size
42
Median Age
30%
College-Educated
95%
High-School Grad
165.0 sq mi
ZIP Area
206
Density / Sq Mi
$76,603
Median Household Income
$44,792
Median Earnings
$1,022
Median Rent
$263,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Established bar and grill with income-producing duplexes near Ray's Beach.
Where is this bar & pub located?
The property is located at 18091 County Hwy X Chippewa Falls, WI.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Established bar and grill in a high‑activity area on Lake Wissota.; Includes two income‑generating duplexes.; Ample parking and strong visibility.
