Equipped Conventional
For Sale
Contact for pricing
2715 Prairie Avenue, Beloit, WI 53511
Existing operation includes guest seating, a private office, restrooms, and installed kitchen equipment.
Property Size2,300 SF
Price / SF$65.22
Days on Market13
Property Features for 2715 Prairie Avenue
General Information
Standard status
Active
Size
2,300 SF
Total Parking Spaces
50
Property subtype
Retail
Restaurant
Seating Capacity
80
Equipment Included
Yes
Additional Details
Business Included
Yes
Amenities
private office
two restrooms
Building Details
Year Built
1983
Units
1
Listing Agency:
Shorewest, REALTORS
Listed By:
Olivia PERGOLSKI · License #54925-94
Source:
Crexi
Added: Aug 10
Changed: Aug 21
Last Checked: Aug 22 at 1:06PM
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 Shorewest, REALTORS
Investment Insights
Based on property information with market context.
This approximately 2,300-square-foot conventional restaurant includes a functioning kitchen with equipment already in place, seating for up to 80 guests, a private office, and two restrooms. The existing business also holds a liquor license, supporting continued restaurant operations from the established space.
The property is located at 2715 Prairie Avenue in Beloit, Wisconsin, within the Galleria on Prairie commercial setting. Shopping, other businesses, and local hospitals are nearby. The building was constructed in 1983.
The property is located at 2715 Prairie Avenue in Beloit, Wisconsin, within the Galleria on Prairie commercial setting. Shopping, other businesses, and local hospitals are nearby. The building was constructed in 1983.
Key Highlights
- Approximately 2,300 square feet of restaurant space
- Seating capacity for up to 80 guests
- Kitchen equipment installed and ready for use
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
$6,398
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
4.27%
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%
$127,960
$128.0K
Cap Rate 7%
$91,400
$91.4K
Cap Rate 9%
$71,089
$71.1K
Market Conditions
NOI Build-Up for 2,300 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
$9.4K $4.08/SF
− Vacancy
−$244 −$0.11/SF
EGI
$9.1K $3.97/SF
− OpEx
−$2.7K −$1.19/SF
NOI
$6.4K $2.78/SF
Area
Rock County, WI
Vacancy
2.60%
Lease Rate
$4.08 /SF/Yr
Expense Ratio
30.00%
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%
$127,960
Cap Rate 7%
$91,400
Cap Rate 9%
$71,089
Alternative Uses
Best Use
Specialty Retail
$518.4K
$453.6K – $604.9K
NOI $36,291 @ 7.0% cap · market cap 24.19%
Second Best
Industrial
$91.4K
$80.0K – $106.6K
NOI $6,398 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$552.7K
$483.6K – $644.8K
NOI $38,690 @ 7.0% cap · market cap 25.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53511, WI
48,659
Population
19,372
Households
2.5
Avg Household Size
38
Median Age
19%
College-Educated
89%
High-School Grad
114.9 sq mi
ZIP Area
423
Density / Sq Mi
$65,305
Median Household Income
$39,344
Median Earnings
$995
Median Rent
$160,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing operation includes guest seating, a private office, restrooms, and installed kitchen equipment.
Where is this conventional restaurant located?
The property is located at 2715 Prairie Avenue Beloit, WI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Approximately 2,300 square feet of restaurant space; Seating capacity for up to 80 guests; Kitchen equipment installed and ready for use
