Mixed-Use Buildings with
New
For Sale
$1,750,000
420 2nd Ave S, Onalaska, WI 54650
The two-building offering includes a tavern, game center, and professional office tenants.
Property Size7,400 SF
Price / SF$236.49
Days on Market7
Property Features for 420 2nd Ave S
General Information
Standard status
Active
Size
7,400 SF
Property subtype
Commercial
Additional Details
Tenant in Place
Yes
Building Details
Year Built
2007
Buildings
2
Construction
log cabin
Tenancy
Multi
Listing Agency:
Gerrard-Hoeschler, REALTORS
Listed By:
Brian McCarty · License #80000-94
(608) 792-8451
Source:
Homesinwisconsin
Added: Oct 26
Changed: Nov 1
Last Checked: Nov 1 at 6:02AM
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 mixed-use property consists of two log cabin-style commercial buildings constructed in 2007. Together, they provide 3,600 square feet of main-floor space and mezzanines ranging from 600 to 1,200 square feet. Current uses include a tavern, a game center, and professional offices. Both buildings are offered together; the tavern may also be acquired separately as an operating business.
The buildings are located on Second Avenue South in downtown Onalaska, with highway frontage and daily traffic described as high.
The buildings are located on Second Avenue South in downtown Onalaska, with highway frontage and daily traffic described as high.
Key Highlights
- Two commercial buildings offered together at 420 and 426 Second Ave South
- Built in 2007 with log cabin‑style construction
- 3,600 square feet of combined main‑floor space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,287
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,265,740
$2.3M
Cap Rate 7%
$1,618,386
$1.6M
Cap Rate 9%
$1,258,744
$1.3M
Market Conditions
NOI Build-Up for 7,400 SF
Gross rent
$159.8K $21.60/SF
− Vacancy
−$8.8K −$1.19/SF
EGI
$151.0K $20.41/SF
− OpEx
−$37.8K −$5.10/SF
NOI
$113.3K $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%
$2,265,740
Cap Rate 7%
$1,618,386
Cap Rate 9%
$1,258,744
Alternative Uses
Best Use
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,287 @ 7.0% cap · market cap 6.47%
Second Best
Mixed Use
$948.3K
$829.7K – $1.11M
NOI $66,378 @ 7.0% cap · market cap 3.79%
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
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
54k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 43%
Kwik Trip
Shops & Services
23,397 visits/mo
0.3 miles
Culver's
Dining
22,769 visits/mo
0.4 miles
Scooter's Coffee
Dining
5,691 visits/mo
0.3 miles
Toppers Pizza
Dining
2,124 visits/mo
0.2 miles
Demographics for 54650, WI
24,523
Population
11,166
Households
2.2
Avg Household Size
41
Median Age
40%
College-Educated
98%
High-School Grad
30.9 sq mi
ZIP Area
794
Density / Sq Mi
$85,255
Median Household Income
$48,366
Median Earnings
$1,109
Median Rent
$279,100
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - The two-building offering includes a tavern, game center, and professional office tenants.
Where is this mixed-use property located?
The property is located at 420 2nd Ave S Onalaska, WI.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Two commercial buildings offered together at 420 and 426 Second Ave South; Built in 2007 with log cabin‑style construction; 3,600 square feet of combined main‑floor space
