Updated Restaurant Bar
For Sale
$649,900
217 E College Ave, Appleton, WI 54911
Well-maintained restaurant/bar building with recent updates including central air, furnace, electrical, and tap lines.
Property Size2,703 SF
Price / SF$240.44
Days on Market183
Property Features for 217 E College Ave
General Information
Standard status
Active
Size
2,703 SF
Additional Details
Business Included
Yes
Building Details
Year Built
1978
Listing Agency:
Coldwell Banker Real Estate Group
Listed By:
Linda A. Sanderfoot
(920) 993-4674
Source:
Smartteamhomes
Added: Apr 24
Changed: Oct 3
Last Checked: Oct 7 at 2:59PM
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 Real Estate Group
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Investment Insights
Based on property information with market context.
This updated restaurant/bar property at 217 E College Avenue is being offered for sale with a long-standing, successful operation. The building has been well maintained and thoughtfully updated by the current owner, with improvements reported to include new roofs, a furnace, central air, electrical work, tap lines, and select equipment, among other upgrades.
The business benefits from a loyal, long-time customer base and a strong, dependable staff already in place. The building is positioned on College Avenue, making it a convenient, storefront-ready option for an owner-operator looking to step into a proven operation.
Offered as an ongoing, operating restaurant/bar location, the property’s recent mechanical and building updates are intended to support day-to-day continuity while you assume ownership and continue the business.
The business benefits from a loyal, long-time customer base and a strong, dependable staff already in place. The building is positioned on College Avenue, making it a convenient, storefront-ready option for an owner-operator looking to step into a proven operation.
Offered as an ongoing, operating restaurant/bar location, the property’s recent mechanical and building updates are intended to support day-to-day continuity while you assume ownership and continue the business.
Key Highlights
- Commercial restaurant/bar building on downtown College Avenue
- Central air and gas cooling
- Updates include roofs, furnace, central air, and electrical
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,784
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,680
$815.7K
Cap Rate 7%
$582,629
$582.6K
Cap Rate 9%
$453,156
$453.2K
Market Conditions
NOI Build-Up for 2,703 SF
Gross rent
$56.8K $21.00/SF
− Vacancy
−$2.4K −$0.88/SF
EGI
$54.4K $20.12/SF
− OpEx
−$13.6K −$5.03/SF
NOI
$40.8K $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%
$815,680
Cap Rate 7%
$582,629
Cap Rate 9%
$453,156
Alternative Uses
Best Use
Specialty Retail
$582.6K
$509.8K – $679.7K
NOI $40,784 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$745.3K
$652.1K – $869.5K
NOI $52,168 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,409
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54911, WI
26,964
Population
11,171
Households
2.4
Avg Household Size
37
Median Age
35%
College-Educated
94%
High-School Grad
8.4 sq mi
ZIP Area
3,210
Density / Sq Mi
$66,747
Median Household Income
$38,591
Median Earnings
$1,010
Median Rent
$199,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Union Jack — 812 S Olde Oneida St, Appleton, WI 54915
- Tandem — 101 W Edison Ave, Appleton, WI 54915
- Riverside Bar & Grill — 906 S Olde Oneida St, Appleton, WI 54915
- Fox River House — 211 S Walnut St, Appleton, WI 54911
- Emmett's Bar & Grill — 139 N Richmond St, Appleton, WI 54911
Frequently Asked Questions
What type of property is this?
Bar & Pub - Well-maintained restaurant/bar building with recent updates including central air, furnace, electrical, and tap lines.
Where is this bar & pub located?
The property is located at 217 E College Ave Appleton, WI.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Commercial restaurant/bar building on downtown College Avenue; Central air and gas cooling; Updates include roofs, furnace, central air, and electrical
