Restaurant and Bar with
For Sale
$570,000
2827 63RD ST, Kenosha, WI 53143
Restaurant and bar with full-service kitchen, bar grill, and private party space, plus large on-site and street parking.
Property Size3,274 SF
Price / SF$174.10
Days on Market305
Property Features for 2827 63RD ST
General Information
Standard status
Active
Size
3,274 SF
Property subtype
General Commercial
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$4,100
Amenities
pool tables
gaming machines
darts
private party room
office
full-service kitchen
fire gas grill
walk-in freezer
Central Air
3
Carpet
B2
2 Parking Spaces.
0.0 to .499
Building Details
Year Built
1929
Listing Agency:
Century 21 Circle
(847) 336-7333
Listed By:
Joel Uhlean · License #475126076
(847) 343-7689
Source:
Xome
Added: Nov 7, 2025
Changed: Sep 1
Last Checked: Sep 7 at 4:42AM
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 Century 21 Circle
Investment Insights
Based on property information with market context.
This family-owned restaurant and bar has served the community for 42 years and is offered with the business, including all inventory, fixtures, machinery, and licenses. The space includes a fire gas grill at the bar and a full-service kitchen in the back, featuring a professional-grade double oven and an 8x10 walk-in freezer. Additional amenities include two pool tables, gaming machines, and darts, along with an extra room that can be used for private parties or events and an office.
The property is set up to accommodate up to 200 people and includes a newer 2025 7.5-ton HVAC roof unit. Parking is a mix of a large private parking lot and plenty of street parking.
For buyers seeking a ready-to-operate restaurant concept, the sale includes the operational components listed above—kitchen equipment, bar grilling equipment, and included inventory and licenses—supporting an immediate transition upon transfer.
The property is set up to accommodate up to 200 people and includes a newer 2025 7.5-ton HVAC roof unit. Parking is a mix of a large private parking lot and plenty of street parking.
For buyers seeking a ready-to-operate restaurant concept, the sale includes the operational components listed above—kitchen equipment, bar grilling equipment, and included inventory and licenses—supporting an immediate transition upon transfer.
Key Highlights
- Restaurant and bar with full‑service kitchen, bar grill, and private party/event space
- 200‑person capacity
- Professional kitchen includes double oven and 8x10 walk‑in freezer
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
$41,635
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
7.30%
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%
$832,700
$832.7K
Cap Rate 7%
$594,786
$594.8K
Cap Rate 9%
$462,611
$462.6K
Market Conditions
NOI Build-Up for 3,274 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
$58.9K $18.00/SF
− Vacancy
−$3.4K −$1.04/SF
EGI
$55.5K $16.96/SF
− OpEx
−$13.9K −$4.24/SF
NOI
$41.6K $12.72/SF
Area
Kenosha County, WI
Vacancy
5.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$832,700
Cap Rate 7%
$594,786
Cap Rate 9%
$462,611
Alternative Uses
Best Use
Specialty Retail
$594.8K
$520.4K – $693.9K
NOI $41,635 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.81M
$3.34M – $4.45M
NOI $266,818 @ 7.0% cap · market cap 46.81%
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
760
Businesses Nearby
16k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 12%
Electronics 1%
BP
Shops & Services
5,295 visits/mo
0.3 miles
Family Dollar
Shops & Services
5,063 visits/mo
0.4 miles
PLS Financial Services
Shops & Services
3,082 visits/mo
0.5 miles
Pizza Hut
Dining
2,014 visits/mo
0.4 miles
Pantry
Shops & Services
474 visits/mo
0.5 miles
Demographics for 53143, WI
22,702
Population
9,118
Households
2.5
Avg Household Size
36
Median Age
23%
College-Educated
87%
High-School Grad
4.1 sq mi
ZIP Area
5,537
Density / Sq Mi
$67,105
Median Household Income
$40,276
Median Earnings
$1,157
Median Rent
$186,600
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?
Bar & Pub - Restaurant and bar with full-service kitchen, bar grill, and private party space, plus large on-site and street parking.
Where is this bar & pub located?
The property is located at 2827 63RD ST Kenosha, WI.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: Restaurant and bar with full‑service kitchen, bar grill, and private party/event space; 200‑person capacity; Professional kitchen includes double oven and 8x10 walk‑in freezer
