Bar & Pub with Living
For Sale
$325,000
216160 State Highway 49, Eland, WI 54427
Food-service improvements include commercial refrigeration, cooking equipment, and a walk-in cooler.
Property Size1,688 SF
Price / SF$192.54
Days on Market18
Property Features for 216160 State Highway 49
General Information
Standard status
Active
Size
1,688 SF
Taxes and HOA fees
Annual Taxes
$1,946
Listing Agency:
REMAX EXCEL
(715) 551-2776
Listed By:
VICKI SCHAAR · License #5068894
(715) 551-2776
Source:
Exprealty
Added: Aug 5
Changed: Aug 21
Last Checked: Aug 21 at 11:43AM
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 REMAX EXCEL
Investment Insights
Based on property information with market context.
This bar and pub property includes an operating food-service area with a griddle, fryers, commercial dishwasher, walk-in cooler, glass refrigerator, under-bar coolers, freezers, refrigerators, certified food-service sinks, stools, and hand-crafted wood slab tables. Most equipment is included, while food and beverage inventory is sold separately. Final inventory will be verified at closing.
Attached living quarters provide 2 bedrooms and 1 bathroom. The property also includes a 1 1/2-car detached garage, a 16' x 16' gazebo on a concrete slab, a concrete front steps area, and a newer water heater. Electrical service was updated to 200 amps, and a whole-house generator supports continued power for the refrigeration equipment. The property is located at 216160 State Highway 49 in Eland, Wisconsin.
Attached living quarters provide 2 bedrooms and 1 bathroom. The property also includes a 1 1/2-car detached garage, a 16' x 16' gazebo on a concrete slab, a concrete front steps area, and a newer water heater. Electrical service was updated to 200 amps, and a whole-house generator supports continued power for the refrigeration equipment. The property is located at 216160 State Highway 49 in Eland, Wisconsin.
Key Highlights
- Operating bar with food‑service area and attached living quarters
- Attached quarters include 2 bedrooms and 1 bathroom
- Food‑service equipment includes a griddle, fryers, dishwasher, and walk‑in cooler
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
$21,831
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
6.72%
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%
$436,620
$436.6K
Cap Rate 7%
$311,871
$311.9K
Cap Rate 9%
$242,567
$242.6K
Market Conditions
NOI Build-Up for 1,688 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
$30.4K $18.00/SF
− Vacancy
−$1.3K −$0.76/SF
EGI
$29.1K $17.24/SF
− OpEx
−$7.3K −$4.31/SF
NOI
$21.8K $12.93/SF
Area
Marathon County, WI
Vacancy
4.20%
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%
$436,620
Cap Rate 7%
$311,871
Cap Rate 9%
$242,567
Alternative Uses
Best Use
Specialty Retail
$311.9K
$272.9K – $363.9K
NOI $21,831 @ 7.0% cap · market cap 6.72%
Second Best
Mixed Use
$244.2K
$213.6K – $284.9K
NOI $17,091 @ 7.0% cap · market cap 5.26%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54427, WI
1,128
Population
576
Households
2
Avg Household Size
48
Median Age
20%
College-Educated
96%
High-School Grad
44.5 sq mi
ZIP Area
25
Density / Sq Mi
$79,167
Median Household Income
$46,949
Median Earnings
$794
Median Rent
$176,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Knights Bar — 216160 WI-49, Eland, WI 54427
Frequently Asked Questions
What type of property is this?
Bar & Pub - Food-service improvements include commercial refrigeration, cooking equipment, and a walk-in cooler.
Where is this bar & pub located?
The property is located at 216160 State Highway 49 Eland, WI.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Operating bar with food‑service area and attached living quarters; Attached quarters include 2 bedrooms and 1 bathroom; Food‑service equipment includes a griddle, fryers, dishwasher, and walk‑in cooler
