Convenience Store with Fuel
2995 Lake Road, Solon Springs, WI 54873
For Sale
New
$299,000
The operation combines fuel sales with bait, groceries, beverages, and other convenience offerings for area residents and visitors.
Property Size2,736 SF
Price / SF$109.28
Days on Market4
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
Currently Operating
Building Details
Building Size
Year Built
Listing Agency:
Re/Max Cornerstone
Listed By:
John Tinman Tinman Real Estate Group · License #82357-94
(715) 327-4848
Source:
Coactionrealestate
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 2:59PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This family-run convenience business occupies a 2,736-square-foot property built in 1970 and zoned Commercial. Its merchandise and services span bait and tackle, food, beverages, beer and liquor, clothing, movie rentals, LP refilling, and air service, alongside gasoline pumps. The business has served local residents, visitors, and anglers over time.
The property is at 2995 Lake Road in Solon Springs, along Highway 27 and within the Eau Claire Chain of Lakes area. The existing mix brings fuel, convenience retail, and outdoor recreation supplies together at one location.
The property is at 2995 Lake Road in Solon Springs, along Highway 27 and within the Eau Claire Chain of Lakes area. The existing mix brings fuel, convenience retail, and outdoor recreation supplies together at one location.
Key Highlights
- 2,736‑square‑foot property built in 1970
- Commercial zoning
- Gas pumps and fuel sales
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
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
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The operation combines fuel sales with bait, groceries, beverages, and other convenience offerings for area residents and visitors.
Where is this grocery and convenience store located?
The property is located at 2995 Lake Road Solon Springs, 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: 2,736‑square‑foot property built in 1970; Commercial zoning; Gas pumps and fuel sales
