Tavern with Transferable Liquor
318 Pearl St La Crosse, WI 54601
For Sale
$599,000
COMMERCIAL - La Crosse, WI
Property Size2,600 SF
Lot Size0.30 Acres
Price / SF$230.38
Days on Market48
Property Features for 318 Pearl St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Standard status
Active
APN
017020032050
Size
2,600 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6645
Building Details
Year built
1950
Architectural style
Other
Listing Agency:
Gerrard-Hoeschler, REALTORS
(608) 782-2300
Listed By:
Brian McCarty · License #80000-94
(608) 792-8451
Added: Jun 11
Changed: Jul 9
Last Checked: Jul 28 at 4:06AM
MLS# 1966885
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property is currently operating as a tavern and includes a fully remodeled interior. In the mid-2000s, the upstairs apartment was converted into an additional bar area, creating a multi-level setup suited to hospitality use.
Located in the heart of downtown La Crosse on historic Pearl Street, the property sits in a high foot-traffic area surrounded by other retail shops and restaurants. The overall lot size is listed at 0.3 acres, and the property size is listed at 2,600 square feet.
For buyers or operators looking to open or expand a bar or related restaurant concept, the existing tavern buildout and the added upstairs bar area provide an operational starting point. The property also comes with a transferrable liquor license, which can be a key consideration for qualified applicants. With its commercial zoning and established use, the space may support a range of hospitality-oriented businesses within the framework of applicable licensing and local requirements.
Located in the heart of downtown La Crosse on historic Pearl Street, the property sits in a high foot-traffic area surrounded by other retail shops and restaurants. The overall lot size is listed at 0.3 acres, and the property size is listed at 2,600 square feet.
For buyers or operators looking to open or expand a bar or related restaurant concept, the existing tavern buildout and the added upstairs bar area provide an operational starting point. The property also comes with a transferrable liquor license, which can be a key consideration for qualified applicants. With its commercial zoning and established use, the space may support a range of hospitality-oriented businesses within the framework of applicable licensing and local requirements.
Key Highlights
- Commercial property built in 1950 in Downtown La Crosse on historic Pearl Street
- Currently operating as a tavern with potential for a wide variety of uses
- Mid‑2000s complete remodel, including converting the upstairs apartment to an additional bar area
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.2k | $21.60 |
| − Vacancy | −$3.1k | −$1.19 |
| EGI | $53.1k | $20.41 |
| − OpEx | −$13.3k | −$5.10 |
| NOI | $39.8k | $15.31 |
2,600 SF · lease $21.60/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$568.6K
$497.5K – $663.4K
NOI $39,803 @ 7.0% cap · market cap 6.64%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- La Cave — 410 Cass St, La Crosse, WI 54601
- Tailgators LLP — 1019 10th St, La Crosse, WI 54601
- Mr Stix — 948 Jackson St, La Crosse, WI 54601
- Earl's Grocery & Saloon — 401 3rd St S, La Crosse, WI 54601
- Pla-Mor Lanes — 807 4th St S, La Crosse, WI 54601
Frequently Asked Questions
What type of property is this?
Bar & Pub - Fully remodeled bar and tavern operation in a high-foot-traffic downtown setting, offered with an assumable 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 $599,000.
What are key features of this property?
This property features: Commercial property built in 1950 in Downtown La Crosse on historic Pearl Street; Currently operating as a tavern with potential for a wide variety of uses; Mid‑2000s complete remodel, including converting the upstairs apartment to an additional bar area
