Restaurant Building with
For Sale
$1,350,000
3055 State Road 16, La Crosse, WI 54601
An existing modified lease extends through February 2027, with the tenant covering expenses other than property taxes.
Property Size5,000 SF
Price / SF$270
Days on Market127
Property Features for 3055 State Road 16
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Commercial
Additional Details
Cap Rate
6.4%
Highway Access
Yes
Building Details
Year Built
1982
Listing Agency:
eXp Realty LLC
Listed By:
Spenser Nickelatti · License #8335794
(608) 498-1323
Source:
Viewhomesinwisconsin
Added: Jun 10
Changed: Oct 1
Last Checked: Oct 12 at 8:13PM
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.
Built in 1982, the property comprises a 5,000-square-foot restaurant building on an over .75-acre parcel. The site includes substantial parking and is positioned along Highway 16, providing direct highway exposure for the existing restaurant use.
A modified lease is in place through February 2027. Under the current arrangement, the tenant pays all expenses other than property taxes, and the lease allows the landlord to adjust monthly rent for property-tax costs. The property is located at 3055 State Road 16 in La Crosse, Wisconsin, and is offered with a 6.4 cap rate.
A modified lease is in place through February 2027. Under the current arrangement, the tenant pays all expenses other than property taxes, and the lease allows the landlord to adjust monthly rent for property-tax costs. The property is located at 3055 State Road 16 in La Crosse, Wisconsin, and is offered with a 6.4 cap rate.
Key Highlights
- 5,000‑square‑foot restaurant building constructed in 1982
- Over .75‑acre lot with substantial on‑site parking
- Located along Highway 16 at 3055 State Road 16
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
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
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
268k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Apparel 22%
Groceries 22%
Dining 18%
Skogen's Festival Foods
Groceries
57,678 visits/mo
0.5 miles
JCPenney
Apparel
41,116 visits/mo
0.4 miles
Kwik Trip
Shops & Services
35,127 visits/mo
0.4 miles
PetSmart
Shops & Services
25,671 visits/mo
0.3 miles
Jo-Ann Fabric and Craft
Shops & Services
13,803 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - An existing modified lease extends 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 with substantial on‑site parking; Located along Highway 16 at 3055 State Road 16
