Downtown Tavern with Upper
For Sale
$550,000
318 Pearl St, La Crosse, WI 54601
Operating tavern with an additional upstairs bar area and transferable liquor license.
Property Size2,600 SF
Price / SF$211.54
Days on Market54
Property Features for 318 Pearl St
General Information
Standard status
Active
Size
2,600 SF
Additional Details
Liquor License
Yes
Building Details
Year Built
1950
Listing Agency:
Gerrard-Hoeschler, REALTORS
Listed By:
Brian McCarty · License #80000-94
(608) 792-8451
Source:
Nikolicgroup
Added: Sep 7
Changed: Oct 26
Last Checked: Oct 7 at 5:33PM
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 Gerrard-Hoeschler, REALTORS
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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.
This 2,600-square-foot commercial property is currently operating as a tavern and includes a second bar area on the upper level. The upper space was created through a remodel completed in the mid-2000s, when a former apartment area was converted for bar use. A transferable liquor license is included with the property.
The building is located at 318 Pearl St in downtown La Crosse, on historic Pearl Street. Nearby retail shops and restaurants contribute to the surrounding commercial setting.
The building is located at 318 Pearl St in downtown La Crosse, on historic Pearl Street. Nearby retail shops and restaurants contribute to the surrounding commercial setting.
Key Highlights
- 2,600‑square‑foot commercial property
- Currently operating as a tavern
- Upper‑level bar area created in a mid‑2000s remodel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,803
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$796,060
$796.1K
Cap Rate 7%
$568,614
$568.6K
Cap Rate 9%
$442,256
$442.3K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$56.2K $21.60/SF
− Vacancy
−$3.1K −$1.19/SF
EGI
$53.1K $20.41/SF
− OpEx
−$13.3K −$5.10/SF
NOI
$39.8K $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%
$796,060
Cap Rate 7%
$568,614
Cap Rate 9%
$442,256
Alternative Uses
Best Use
Specialty Retail
$568.6K
$497.5K – $663.4K
NOI $39,803 @ 7.0% cap · market cap 7.24%
Second Best
Retail
$373.6K
$326.9K – $435.9K
NOI $26,153 @ 7.0% cap · market cap 4.76%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
2,075
Businesses Nearby
70k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Dining 27%
Hotels & Casinos 23%
Kwik Trip
Shops & Services
24,826 visits/mo
0.3 miles
Qdoba Mexican Grill
Dining
7,110 visits/mo
0.1 miles
Home2 Suites by Hilton La Crosse
Hotels & Casinos
6,354 visits/mo
0.1 miles
Burger King
Dining
5,025 visits/mo
0.4 miles
SUBWAY
Dining
4,352 visits/mo
0.0 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
Similar Off Market Nearby
- Mr Stix — 948 Jackson St, La Crosse, WI 54601
- Tailgators LLP — 1019 10th St, La Crosse, WI 54601
- Pla-Mor Lanes — 807 4th St S, La Crosse, WI 54601
- Earl's Grocery & Saloon — 401 3rd St S, La Crosse, WI 54601
- La Cave — 410 Cass St, La Crosse, WI 54601
Frequently Asked Questions
What type of property is this?
Bar & Pub - Operating tavern with an additional upstairs bar area and transferable liquor license.
Where is this bar & pub located?
The property is located at 318 Pearl St La Crosse, WI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 2,600‑square‑foot commercial property; Currently operating as a tavern; Upper‑level bar area created in a mid‑2000s remodel
