Updated Downtown Bar with
For Sale
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201 S 6th, Stoughton, WI 53589
Main-level bar operation with multiple licenses and an upper-level apartment or owner’s suite.
Property Size3,336 SF
Price / SF$149.85
Days on Market135
Property Features for 201 S 6th
General Information
Standard status
Active
Size
3,336 SF
Property subtype
Retail
Additional Details
Business Included
Yes
Multifamily Units
1
Building Details
Year Built
1900
Units
2
Listing Agency:
RE/MAX Preferred
(608) 843-7126
Listed By:
NATALLY FISHER · License #60182 - 90
Source:
Crexi
Added: Apr 20
Changed: Aug 30
Last Checked: Sep 1 at 12:57AM
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 RE/MAX Preferred
Investment Insights
Based on property information with market context.
This bar and tavern property combines an operating business space with residential accommodation above. The main level includes a fully equipped bar and has been updated throughout. Multiple operating licenses are included with the property, supporting continued use as a bar and tavern.
An upper-level apartment or owner’s suite provides living space directly above the business. The property is located at 201 S 6th in downtown Stoughton, Wisconsin, and was built in 1900. The configuration places the commercial operation and upstairs living space within the same building.
An upper-level apartment or owner’s suite provides living space directly above the business. The property is located at 201 S 6th in downtown Stoughton, Wisconsin, and was built in 1900. The configuration places the commercial operation and upstairs living space within the same building.
Key Highlights
- Fully equipped main‑level bar with updated interior
- Multiple operating licenses included
- Upper‑level apartment or owner’s suite
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
$42,604
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
8.52%
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%
$852,080
$852.1K
Cap Rate 7%
$608,629
$608.6K
Cap Rate 9%
$473,378
$473.4K
Market Conditions
NOI Build-Up for 3,336 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
$60.0K $18.00/SF
− Vacancy
−$3.2K −$0.97/SF
EGI
$56.8K $17.03/SF
− OpEx
−$14.2K −$4.26/SF
NOI
$42.6K $12.77/SF
Area
Dane County, WI
Vacancy
5.40%
Lease Rate
$18.00 /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%
$852,080
Cap Rate 7%
$608,629
Cap Rate 9%
$473,378
Alternative Uses
Best Use
Specialty Retail
$608.6K
$532.6K – $710.1K
NOI $42,604 @ 7.0% cap · market cap 8.52%
Second Best
Mixed Use
$579.0K
$506.7K – $675.5K
NOI $40,532 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$775.2K
$678.3K – $904.4K
NOI $54,265 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
594
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53589, WI
19,888
Population
9,014
Households
2.2
Avg Household Size
45
Median Age
40%
College-Educated
96%
High-School Grad
85.0 sq mi
ZIP Area
234
Density / Sq Mi
$93,509
Median Household Income
$52,809
Median Earnings
$1,150
Median Rent
$318,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Roxys Restobar — 208 W Main St, Stoughton, WI 53589
- Water Street Tavern — 324 S Water St, Stoughton, WI 53589
- Cheesers — 183 E Main St, Stoughton, WI 53589
- Argo Craft Tavern — 317 S Division St, Stoughton, WI 53589
- Tailgaters of Stoughton — 151 E Main St, Stoughton, WI 53589
Frequently Asked Questions
What type of property is this?
Bar & Pub - Main-level bar operation with multiple licenses and an upper-level apartment or owner’s suite.
Where is this bar & pub located?
The property is located at 201 S 6th Stoughton, WI.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Fully equipped main‑level bar with updated interior; Multiple operating licenses included; Upper‑level apartment or owner’s suite
