Building Details

Year Built 2004

Listing Agency: Anderson Commercial Group

Listed By: Alexie Strasser · License #112204-94 Show Phone

Source: Crexi

Added: Mar 20 Changed: Oct 9 Last Checked: Oct 12 at 7:33PM

Report an Issue

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 Anderson Commercial Group

Investment Insights

Based on property information with market context.

A restaurant and banquet hall facility is available for sale. The building has a total area of approximately 10,424 square feet.

Key Highlights

• +/- 10,424 sf restaurant/banquet hall facility
• For sale
• Built in 2004

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$157,283

Cap Rate

6.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,145,660 $3.1M

Cap Rate 7%

$2,246,900 $2.2M

Cap Rate 9%

$1,747,589 $1.7M

Market Conditions

NOI Build-Up for 10,424 SF

Gross rent

$218.9K $21.00/SF

− Vacancy

−$9.2K −$0.88/SF

EGI

$209.7K $20.12/SF

− OpEx

−$52.4K −$5.03/SF

NOI

$157.3K $15.09/SF

Area

Outagamie County, WI

Vacancy

4.20%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,145,660

Cap Rate 7%

$2,246,900

Cap Rate 9%

$1,747,589

Alternative Uses

Best Use

Specialty Retail

$2.25M

$1.97M – $2.62M (±1% cap)

NOI $157,283 @ 7.0% cap · market cap 6.29%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.87M

$2.51M – $3.35M (±1% cap)

NOI $201,184 @ 7.0% cap · market cap 8.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Ever Lasting Hall Social Service Agency

Suggested Use

Top Pick Real Estate Agency Restaurant Hair Salon Spa & Massage Center Pharmacy Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

289

Businesses Nearby

116k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 60% Shops & Services 40%

Kwik Trip Shops & Services

34,228 visits/mo 0.4 miles

Culver's Dining

23,474 visits/mo 0.1 miles

McDonald's Dining

19,209 visits/mo 0.2 miles

Starbucks Dining

14,602 visits/mo 0.2 miles

Taco Bell Dining

7,822 visits/mo 0.2 miles

Demographics for 54140, WI

8,396

Population

3,634

Households

2.3

Avg Household Size

38

Median Age

20%

College-Educated

94%

High-School Grad

3.1 sq mi

ZIP Area

2,708

Density / Sq Mi

$72,049

Median Household Income

$46,689

Median Earnings

$1,009

Median Rent

$204,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this restaurants located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• Heirloom Kitchen Co — 1215 Buchanan St, Little Chute, WI 54140

Frequently Asked Questions

What type of property is this?

Restaurant - 10,424 SF restaurant/banquet hall facility available for sale.

Where is this restaurant located?

The property is located at 2101 American Dr Little Chute, WI.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: +/- 10,424 sf restaurant/banquet hall facility; For sale; Built in 2004