Listing Agency: REMAX EXCEL M**@maxrea.com Show Phone

Listed By: VICKI SCHAAR · License #5068894 Show Phone

Source: Exprealty

Added: Aug 5 Changed: Sep 30 Last Checked: Oct 5 at 11:02PM

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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.

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 / Yr

$21,831

Cap Rate

6.72%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $21,831 @ 7.0% cap · market cap 6.72%

Second Best

Mixed Use

$244.2K

$213.6K – $284.9K (±1% cap)

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

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Current Use

Bars & Pubs

Suggested Use

Top Pick Hotel & Motel Bar & Pub

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

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

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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

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