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    Established Bar with Outdoor Pavilion Title is generated by Realmo AI

    3140 LAKE AVENUE, Wisconsin Rapids, WI 54494

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    For Sale
    $415,000

    COMMERCIAL - Wisconsin Rapids, WI

    Property size:
    3,520 SF
    Lot size:
    1.94 Acres
    Price / SF:
    $117/SF
    Added:
    Jan 28, 2026
    Days on Market:
    113
    Last Refresh:
    May 21 at 2:06 pm

    Property Features for 3140 LAKE AVENUE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    3,520 SF
    Lot size
    1.94 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1950
    Number of units
    1
    Building materials
    Metal, Aluminum/Steel
    Roof type
    Metal

    We can help!

    Listing Contact
    AMBER TIFFANY
    AMBER TIFFANY

    Listing agent AMBER TIFFANY License #90465-94

    Listing office RE/MAX CONNECT 2500 48th Street S, Port Edwards, WI

    Listing date Jan 28, 2026

    MLS# 22600331

    Copyright © 2026 Central Wisconsin MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey bar with established customer base and proven business model.
    • Spacious outdoor pavilion ideal for live music, private events, and seasonal events.
    • Significant upside potential through expanded events, entertainment, or food service.
    • 3,520 square feet of interior space.
    • Efficient bar operations and flexible seating arrangements.
    • Forced air heating and central air cooling.

    Overview

    This is an opportunity to own a well-established bar, featuring 3,520 square feet of interior space and a spacious outdoor pavilion suitable for live music, private events, and seasonal activities. The turnkey operation benefits from a strong local customer base and a proven business model, with potential for increased revenue through expanded events, entertainment, or food service. The outdoor pavilion provides a unique atmosphere and additional revenue opportunities such as concerts, festivals, parties, and community gatherings. The interior layout supports efficient bar operations, comfortable guest flow, and flexible seating arrangements. This property is suitable for an owner-operator or investor seeking a profitable bar with an established customer base and room for growth. The property is located in Wisconsin Rapids, Wood County, WI and has a lot size of 1.94 acres. The property is zoned commercial and is ideal for expanding hours, hosting special events, or capitalizing on outdoor entertainment demand.
    Location Intelligence

    Current Use by Public Records

    Pour House Bar & Pub

    Suggested Use

    Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Skin Care Clinic Kitchen & Bath Showroom Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • 17Sixteen — 1716 Baker St, Wisconsin Rapids, WI 54494
    • Pour House — 3140 Lake Ave, Wisconsin Rapids, WI 54494
    • Whoudinis Inc — 2010 Chestnut St, Wisconsin Rapids, WI 54494

    Location Insight

    • Map
    • Local Demand
    City
    Wisconsin Rapids
    County
    Wood
    State
    Wisconsin
    Longitude
    -89.787328
    Latitude
    44.377873

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    FAQs

    What type of property is this?
    Bar & Pub - Turnkey bar with strong local following and outdoor pavilion.
    Where is this bar & pub located?
    The property is located at 3140 LAKE AVENUE Wisconsin Rapids, WI.
    What is the asking price?
    The asking price for this property is $415,000.
    What are key features of this property?
    This property features: Turnkey bar with established customer base and proven business model.; Spacious outdoor pavilion ideal for live music, private events, and seasonal events.; Significant upside potential through expanded events, entertainment, or food service.
    (715) 459-6093
    We can help!
    Listing Contact
    AMBER TIFFANY
    AMBER TIFFANY
    Real Estate License ID: 90465-94
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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