Convenience Store with
2995 Lake Road, Barnes, WI 54873
For Sale
$299,000
The store also offers bait and tackle, food and beverages, beer and liquor, and clothing.
Property Size2,736 SF
Price / SF$109.28
Days on Market21
Property Features for 2995 Lake Road
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Business Included
Automotive Uses
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
RE/MAX Cornerstone
Listed By:
John P Tinman · License WI 82357-94
(715) 733-0531
Source:
Getyoumoved
Added: Oct 22
Changed: Nov 10
Last Checked: Nov 10 at 3:48AM
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 RE/MAX Cornerstone
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Investment Insights
Based on property information with market context.
This convenience retail business includes gas pumps and a broad merchandise mix, with bait and tackle, food and beverages, beer and liquor, and clothing. Additional services include movie rentals, LP refilling, and air. The building dates to 1970.
The property is on Highway 27 in the Eau Claire Chain of Lakes area, with nearby cabins and local residents among its customer base. Its offerings also serve visitors and people traveling through the area.
The property is on Highway 27 in the Eau Claire Chain of Lakes area, with nearby cabins and local residents among its customer base. Its offerings also serve visitors and people traveling through the area.
Key Highlights
- Gas pumps on site
- Bait and tackle, food and beverages, beer and liquor, and clothing
- Also offers movie rentals, LP refilling, and air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,059
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,180
$221.2K
Cap Rate 7%
$157,986
$158.0K
Cap Rate 9%
$122,878
$122.9K
Market Conditions
NOI Build-Up for 2,736 SF
Gross rent
$16.1K $5.88/SF
− Vacancy
−$290 −$0.11/SF
EGI
$15.8K $5.77/SF
− OpEx
−$4.7K −$1.73/SF
NOI
$11.1K $4.04/SF
Area
Douglas County, WI
Vacancy
1.80%
Lease Rate
$5.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,180
Cap Rate 7%
$157,986
Cap Rate 9%
$122,878
Alternative Uses
Best Use
Specialty Retail
$862.6K
$754.8K – $1.01M
NOI $60,385 @ 7.0% cap · market cap 20.20%
Second Best
Retail
$479.7K
$419.7K – $559.6K
NOI $33,577 @ 7.0% cap · market cap 11.23%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54873, WI
3,009
Population
2,904
Households
1
Avg Household Size
54
Median Age
29%
College-Educated
95%
High-School Grad
265.2 sq mi
ZIP Area
11
Density / Sq Mi
$85,909
Median Household Income
$42,721
Median Earnings
$836
Median Rent
$232,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The store also offers bait and tackle, food and beverages, beer and liquor, and clothing.
Where is this grocery and convenience store located?
The property is located at 2995 Lake Road Barnes, WI.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Gas pumps on site; Bait and tackle, food and beverages, beer and liquor, and clothing; Also offers movie rentals, LP refilling, and air
