Restaurant Suite with
3018 Village Park Drive, Plover, WI 54467
For Sale
New
Contact for pricing
A former restaurant layout includes a bar, cooler room, multiple restrooms and rear storage for deliveries.
Property Size7,147 SF
Price / SF$0.00
Days on Market4
Property Features for 3018 Village Park Drive
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Traffic Count
Highway Access
Building Details
Building Size
Year Built
Listing Agency:
First Weber
(715) 341-6688
Listed By:
Jordan Hornung · License #9112794
(715) 340-1222
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 First Weber
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 3018 Village Park Drive in Plover, this 7,147-square-foot restaurant suite was built in 2004. The existing configuration includes a 4,316-square-foot seating area and a 1,166-square-foot kitchen, along with a bar, taps, cooler room, multiple restrooms and rear storage for deliveries. The property is zoned Commercial.
The site has direct Interstate access and is served by recently improved municipal streetscape. National brands in the area draw more than 20,000 vehicles per day.
The site has direct Interstate access and is served by recently improved municipal streetscape. National brands in the area draw more than 20,000 vehicles per day.
Key Highlights
- 7,147 SF restaurant suite in Plover, built in 2004
- 4,316 SF seating area and 1,166 SF kitchen
- Bar area with taps and a cooler room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,362
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,947,240
$1.9M
Cap Rate 7%
$1,390,886
$1.4M
Cap Rate 9%
$1,081,800
$1.1M
Market Conditions
NOI Build-Up for 7,147 SF
Gross rent
$135.5K $18.96/SF
− Vacancy
−$5.7K −$0.80/SF
EGI
$129.8K $18.16/SF
− OpEx
−$32.5K −$4.54/SF
NOI
$97.4K $13.62/SF
Area
Portage County, WI
Vacancy
4.20%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,947,240
Cap Rate 7%
$1,390,886
Cap Rate 9%
$1,081,800
Alternative Uses
Best Use
Specialty Retail
$1.39M
$1.22M – $1.62M
NOI $97,362 @ 7.0% cap · market cap 1,217,025.00%
Second Best
—
—
no second resolved use
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
20,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
219
Businesses Nearby
158k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Home Improvements & Furnishings 30%
Groceries 21%
Shops & Services 8%
Menards
Home Improvements & Furnishings
47,028 visits/mo
0.1 miles
Metro Market
Groceries
32,564 visits/mo
0.3 miles
Culver's
Dining
18,386 visits/mo
0.1 miles
Starbucks
Dining
10,178 visits/mo
0.1 miles
Taco Bell
Dining
8,182 visits/mo
0.2 miles
Demographics for 54467, WI
14,850
Population
6,233
Households
2.4
Avg Household Size
39
Median Age
39%
College-Educated
93%
High-School Grad
66.4 sq mi
ZIP Area
224
Density / Sq Mi
$82,255
Median Household Income
$46,850
Median Earnings
$1,042
Median Rent
$244,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A former restaurant layout includes a bar, cooler room, multiple restrooms and rear storage for deliveries.
Where is this conventional restaurant located?
The property is located at 3018 Village Park Drive Plover, WI.
What are key features of this property?
This property features: 7,147 SF restaurant suite in Plover, built in 2004; 4,316 SF seating area and 1,166 SF kitchen; Bar area with taps and a cooler room
