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    Turnkey Restaurant and Rental Property Title is generated by Realmo AI

    26225 Highway 71, Wilton, WI 54670

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    For Sale
    $489,000

    Beauty/barber,Restaurant/Supper Club,Retail,Tavern - Wilton, WI

    Property size:
    2,916 SF
    Price / SF:
    $167/SF
    Added:
    May 28, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 6 at 7:06 am

    Property Features for 26225 Highway 71

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    048-00537-2000

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7055

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Number of units
    4
    Roof type
    Metal, Other
    Architectural style
    Other

    We can help!

    Listing Contact
    Jessica Kayhart
    Jessica Kayhart

    Listing agent Jessica Kayhart

    Listing office Castle Rock Realty LLC 104 W State St. (CC), Mauston, WI

    Listing date May 28, 2026

    MLS# 2020997 Listing URL

    Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey restaurant business with established revenue streams from additional rental spaces (salon and mercantile).
    • Includes a 1‑bedroom apartment and a large 54x54 pole building suitable for events.
    • Prime location in the driftless region, along the Elroy‑Sparta bike trail, and near major highways; just 15 minutes from Tomah and I‑94.
    • New metal roof on the restaurant, salon, and apartment building.
    • Opportunity to continue established community events and traditions.
    • Space to showcase and sell local goods (Amish candies, maple syrup, local honey).

    Overview

    This sale offers a successful, community-focused restaurant business presented as a turnkey operation. The offering also includes two additional rental spaces currently operating as a salon and a mercantile use, along with a one-bedroom apartment. Completing the property improvements is a large pole building (54x54) designed for outdoor event space. Recent updates include a new metal roof covering the restaurant, salon, and apartment building, as well as new flooring in the salon. The pole building roof has also been newly seal coated.

    The property is set in the Driftless region with frontage along the Elroy-Sparta bike trail and access to major highways. It is centrally located approximately 15 minutes from Tomah and Interstate 94, supporting visibility and convenient regional access.

    For an operator or owner-operator, the combination of restaurant income plus multiple rental streams creates a practical path to diversified revenue on-site. Tenants and buyers seeking a ready-to-run food and beverage use will find an existing business platform supported by ongoing community programming, including long-standing card nights and seasonal and monthly events. The outdoor event building and flexible rental spaces also provide room to continue hosting local vendor showcases and community gatherings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Gym & Fitness Center HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilton
    County
    Monroe
    State
    Wisconsin
    Longitude
    -90.468718
    Latitude
    43.831433

    FAQs

    What type of property is this?
    Conventional restaurant - Turnkey restaurant with additional income from salon, mercantile, a one-bedroom apartment, and an outdoor event pole building.
    Where is this conventional restaurant located?
    The property is located at 26225 Highway 71 Wilton, WI.
    What is the asking price?
    The asking price for this property is $489,000.
    What are key features of this property?
    This property features: Turnkey restaurant business with established revenue streams from additional rental spaces (salon and mercantile).; Includes a 1‑bedroom apartment and a large 54x54 pole building suitable for events.; Prime location in the driftless region, along the Elroy‑Sparta bike trail, and near major highways; just 15 minutes from Tomah and I‑94.
    (608) 350-9478
    We can help!
    Listing Contact
    Jessica Kayhart
    Jessica Kayhart
    Real Estate License ID: 8949594
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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