Building Details

Year Built 1982

Listing Agency: eXp Realty LLC

Listed By: Spenser Nickelatti · License #8335794 Show Phone

Source: Nikolicgroup

Added: Jul 15 Changed: Oct 14 Last Checked: Oct 7 at 2:32PM

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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 eXp Realty LLC

Investment Insights

Based on property information with market context.

This freestanding restaurant property includes a 5,000-square-foot building constructed in 1982 on an over .75-acre lot. The site includes substantial parking and fronts State Road 16 in La Crosse, Wisconsin. A national restaurant tenant occupies the property under a modified lease extending through February 2027. Under the current arrangement, the tenant is responsible for all expenses other than property taxes. The lease term provides a defined period before the landlord can adjust monthly rent for the property-tax obligation. The property address is 3055 State Road 16, La Crosse, WI 54601.

Key Highlights

• 5,000‑square‑foot restaurant building constructed in 1982
• Over .75‑acre lot along State Road 16
• Modified lease runs through February 2027

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$76,545

Cap Rate

5.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,530,900 $1.5M

Cap Rate 7%

$1,093,500 $1.1M

Cap Rate 9%

$850,500 $850.5K

Market Conditions

NOI Build-Up for 5,000 SF

Gross rent

$108.0K $21.60/SF

− Vacancy

−$5.9K −$1.19/SF

EGI

$102.1K $20.41/SF

− OpEx

−$25.5K −$5.10/SF

NOI

$76.5K $15.31/SF

Area

La Crosse County, WI

Vacancy

5.50%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,530,900

Cap Rate 7%

$1,093,500

Cap Rate 9%

$850,500

Alternative Uses

Best Use

Specialty Retail

$1.09M

$956.8K – $1.28M (±1% cap)

NOI $76,545 @ 7.0% cap · market cap 5.67%

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

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Electrical Service Daycare Center Restaurant Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

309

Businesses Nearby

71k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 58% Shops & Services 23% Dining 10% Beauty & Spa 8%

Skogen's Festival Foods Groceries

40,874 visits/mo 0.4 miles

Kwik Trip Shops & Services

16,459 visits/mo 0.1 miles

Great Clips Beauty & Spa

5,011 visits/mo 0.4 miles

Las Margaritas Dining

3,607 visits/mo 0.4 miles

SUBWAY Dining

3,172 visits/mo 0.5 miles

Demographics for 54601, WI

51,090

Population

22,652

Households

2.3

Avg Household Size

32

Median Age

40%

College-Educated

96%

High-School Grad

75.4 sq mi

ZIP Area

678

Density / Sq Mi

$60,078

Median Household Income

$31,143

Median Earnings

$998

Median Rent

$220,200

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - A modified lease runs through February 2027, with the tenant covering expenses other than property taxes.

Where is this conventional restaurant located?

The property is located at 3055 State Road 16 - La Crosse, WI.

What is the asking price?

The asking price for this property is $1,350,000.

What are key features of this property?

This property features: 5,000‑square‑foot restaurant building constructed in 1982; Over .75‑acre lot along State Road 16; Modified lease runs through February 2027