Updated Restaurant Bar
217 E COLLEGE AVENUE Appleton, WI 54911
For Sale
$699,900
Well-maintained restaurant/bar building with recent updates including central air, furnace, electrical, and tap lines.
Property Size2,703 SF
Price / SF$258.93
Days on Market121
Property Features for 217 E COLLEGE AVENUE
General Information
- Standard status
- Active
- Size
- 2,703 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1978
Listing Agency:
Coldwell Banker Real Estate Group
(920) 993-4674
Listed By:
Linda Sanderfoot
(920) 993-4674
Source:
Xome
Added: Mar 26
Changed: Jul 23
Last Checked: Jul 23 at 11:41AM
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
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 For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.8k | $21.00 |
| − Vacancy | −$2.4k | −$0.88 |
| EGI | $54.4k | $20.12 |
| − OpEx | −$13.6k | −$5.03 |
| NOI | $40.8k | $15.09 |
2,703 SF · lease $21.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$582.6K
$509.8K – $679.7K
NOI $40,784 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$745.3K
$652.1K – $869.5K
NOI $52,168 @ 7.0% cap · market cap 7.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wooden Nickel Sports ...
Bar & Pub
Similar Off Market Nearby
- Union Jack — 812 S Olde Oneida St, Appleton, WI 54915
- Fox River House — 211 S Walnut St, Appleton, WI 54911
- Riverside Bar & Grill — 906 S Olde Oneida St, Appleton, WI 54915
- Tandem — 101 W Edison Ave, Appleton, WI 54915
- Emmett's Bar & Grill — 139 N Richmond St, Appleton, WI 54911
FAQs
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 AVENUE Appleton, WI.
What is the asking price?
The asking price for this property is $699,900.
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
