Equipped Conventional
For Sale
$135,000
2715 Prairie, Beloit, WI 53511
Existing operation includes guest seating, a private office, restrooms, and installed kitchen equipment.
Property Size2,300 SF
Price / SF$58.70
Days on Market60
Property Features for 2715 Prairie
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Commercial
Restaurant
Seating Capacity
80
Equipment Included
Yes
Additional Details
Business Included
Yes
Amenities
private office
two restrooms
Building Details
Year Built
1983
Listing Agency:
Kerwin's Real Estate Agency
Listed By:
Olivia Martinez-Pergolski · License #5492594
(608) 207-0514
Source:
Madisonareahomesforsale
Added: Aug 9
Changed: Oct 1
Last Checked: Oct 5 at 6:50PM
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 Kerwin's Real Estate Agency
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 / Yr
$6,398
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
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
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 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 26.88%
Second Best
Industrial
$91.4K
$80.0K – $106.6K
NOI $6,398 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$552.7K
$483.6K – $644.8K
NOI $38,690 @ 7.0% cap · market cap 28.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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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 Beloit, WI.
What is the asking price?
The asking price for this property is $135,000.
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
