406 N Main St, Thiensville, WI 53092

Building Details

Stories 2 More

Units 1 More

Tenancy Single More

Listing Agency: Ogden & Company Inc

Listed By: Richard Reinders · License WI 110296-94 Show Phone

Source: Crexi

Added: Feb 23 Changed: Nov 6 Last Checked: Nov 8 at 7:21AM

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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 Ogden & Company Inc

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Investment Insights

Based on property information with market context.

Chuck's Place Family Restaurant offers the opportunity to acquire an established dining business and commercial real estate in downtown Thiensville, Wisconsin. This restaurant has served the community as a breakfast and lunch destination, operating Wednesday through Sunday. The business has a 5-year historical average of approximately $806,000 in annual sales. The sale includes both the operating restaurant business and the underlying commercial real estate. The commercial kitchen comes fully equipped. Chuck's Place has built local loyalty and brand recognition. The current operating schedule focuses on the breakfast and lunch segments. Located in downtown Thiensville, the restaurant benefits from local foot traffic and the area's growing residential base. This is an opportunity for an experienced restaurateur or entrepreneur seeking an established operation with real estate ownership, consistent revenue history, and community ties. The turnkey nature allows for immediate operation while providing potential for expanded hours or menu offerings under new ownership. The property size is 2640 square feet.

Key Highlights

• Established restaurant business and prime commercial real estate included in sale.
• Proven revenue stream: 5‑year historical average of approximately $806,000 in annual sales.
• Prime downtown location on North Main Street in Thiensville.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,287

Cap Rate

4.64%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$805,740 $805.7K

Cap Rate 7%

$575,529 $575.5K

Cap Rate 9%

$447,633 $447.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,640 SF

Gross rent

$57.0K $21.60/SF

− Vacancy

−$3.3K −$1.25/SF

EGI

$53.7K $20.35/SF

− OpEx

−$13.4K −$5.09/SF

NOI

$40.3K $15.26/SF

Area

Ozaukee County, WI

Vacancy

5.80%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$805,740

Cap Rate 7%

$575,529

Cap Rate 9%

$447,633

Alternative Uses

Best Use

Specialty Retail

$575.5K

$503.6K – $671.5K (±1% cap)

NOI $40,287 @ 7.0% cap · market cap 4.64%

Second Best

Retail

$487.5K

$426.6K – $568.8K (±1% cap)

NOI $34,127 @ 7.0% cap · market cap 3.93%

Theoretical Best

Office A

$622.0K

$544.3K – $725.7K (±1% cap)

NOI $43,541 @ 7.0% cap · market cap 5.01%

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

Chuck's Place Family ... Restaurant

Suggested Use

Top Pick Real Estate Agency Dental Office Parking Lot & Garage Law Firm (Bike/Boat/Book/etc) Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

359

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 53092, WI

21,052

Population

8,983

Households

2.3

Avg Household Size

50

Median Age

69%

College-Educated

98%

High-School Grad

20.3 sq mi

ZIP Area

1,037

Density / Sq Mi

$126,431

Median Household Income

$70,327

Median Earnings

$1,962

Median Rent

$440,200

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Breakfast & diner - Thiensville restaurant with real estate for sale.

Where is this breakfast & diner located?

The property is located at 406 N Main St Thiensville, WI.

What is the asking price?

The asking price for this property is $869,000.

What are key features of this property?

This property features: Established restaurant business and prime commercial real estate included in sale.; Proven revenue stream: 5‑year historical average of approximately $806,000 in annual sales.; Prime downtown location on North Main Street in Thiensville.