Tenant-Occupied Restaurant
New
For Sale
$849,900
406 Galloway Street, Eau Claire, WI 54701
CommercialSale, Eau Claire, WI
Property Size3,182 SF
Lot Size0.13 Acres
Price / SF$267.10
Days on Market5
Property Features for 406 Galloway Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Interior features
Storage
Exterior features
RoofSign
Elementary school district
Eau Claire Area
Middle school district
Eau Claire Area
High school district
Eau Claire Area
Directions
From Hwy 53, take Exit 89 onto River Prairie Dr west. Continue onto Birch St, then Germania St. Turn right on Galloway St to 406 Galloway St.
Standard status
Active
APN
182212270917001910
Size
3,182 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 3 CSM 3505 REC V 19 P 368 DOC 1180883 LOC SE1/4 OF SW1/4 SEC 17-27-9 BEG 2020 TID 8
Tax Annual Amount
7705
Legal Description
LOT 3 CSM 3505 REC V 19 P 368 DOC 1180883 LOC SE1/4 OF SW1/4 SEC 17-27-9 BEG 2020 TID 8
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1891
Building materials
AluminumSiding, Stone, WoodSiding
Additional Structures
Storage
Listing Agency:
Elite Realty Group, LLC
(715) 830-1001
Listed By:
Mary Rufledt · License #55432-90
(715) 828-9347
Added: Oct 10
Changed: Oct 11
Last Checked: Oct 14 at 5:06AM
MLS# 1605892
Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. 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 3,182-square-foot restaurant property at 406 Galloway Street is occupied by a pizza restaurant and bar tenant. Built in 1891, the building has a basement, storage space, and roof signage. Heating is forced air, and cooling is central air. Public water and sewer serve the property.
The 0.132-acre site is in downtown Eau Claire, Wisconsin. The current owners have completed updates and improvements since acquiring the property in 2018.
The 0.132-acre site is in downtown Eau Claire, Wisconsin. The current owners have completed updates and improvements since acquiring the property in 2018.
Key Highlights
- Occupied by an established pizza restaurant and bar tenant
- 3,182‑square‑foot building on a 0.132‑acre site
- Built in 1891; owners have made updates since 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,072
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$881,440
$881.4K
Cap Rate 7%
$629,600
$629.6K
Cap Rate 9%
$489,689
$489.7K
Market Conditions
NOI Build-Up for 3,182 SF
Gross rent
$60.3K $18.96/SF
− Vacancy
−$1.6K −$0.49/SF
EGI
$58.8K $18.47/SF
− OpEx
−$14.7K −$4.62/SF
NOI
$44.1K $13.85/SF
Area
Eau Claire County, WI
Vacancy
2.60%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$881,440
Cap Rate 7%
$629,600
Cap Rate 9%
$489,689
Alternative Uses
Best Use
Specialty Retail
$629.6K
$550.9K – $734.5K
NOI $44,072 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$3.59M
$3.14M – $4.19M
NOI $251,384 @ 7.0% cap · market cap 29.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,975
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54701, WI
41,346
Population
17,932
Households
2.3
Avg Household Size
35
Median Age
42%
College-Educated
98%
High-School Grad
86.0 sq mi
ZIP Area
481
Density / Sq Mi
$71,406
Median Household Income
$37,658
Median Earnings
$963
Median Rent
$265,000
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 established tenant operates a pizza restaurant and bar in this downtown Eau Claire building.
Where is this conventional restaurant located?
The property is located at 406 Galloway Street Eau Claire, WI.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Occupied by an established pizza restaurant and bar tenant; 3,182‑square‑foot building on a 0.132‑acre site; Built in 1891; owners have made updates since 2018
