Coffee Shop with
526 2nd Street, Chetek, WI 54728
For Sale
$595,000
CommercialSale, Chetek, WI
Property Size2,410 SF
Lot Size0.23 Acres
Price / SF$246.89
Days on Market32
Property Features for 526 2nd Street
General Information
Property type
Property subtype
Zoning description
Rooms
Exterior features
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
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Building Details
Building materials
Listing Agency:
Real Estate Solutions
(715) 719-0555
Listed By:
Katriel Chuchwar · License WI 92121-94
(715) 205-6348
Added: Oct 12
Changed: Oct 15
Last Checked: Nov 12 at 10:06AM
MLS# 1605821
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.
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Investment Insights
Based on property information with market context.
Hope & Anchor is an operating coffee shop and catering business offered with its building at 526 2nd Street in Chetek. The property contains 2,410 square feet on a 0.229-acre lot, with a gated courtyard for outdoor dining and a drive-through. The building has stucco exterior, forced-air heat, central air, public water and sewer, and a basement.
The sale includes kitchen equipment, signage, inventory, recipes, retail inventory, and most of the decor. The business has operated for more than 16 years and serves coffee, sweets, lunch, and catered events. The listing also identifies commercial space rentals, meetings, and special events as additional revenue opportunities.
The downtown location is reported to have traffic of approximately 6,400 vehicles per day. The property is offered as a combined business and real estate sale.
The sale includes kitchen equipment, signage, inventory, recipes, retail inventory, and most of the decor. The business has operated for more than 16 years and serves coffee, sweets, lunch, and catered events. The listing also identifies commercial space rentals, meetings, and special events as additional revenue opportunities.
The downtown location is reported to have traffic of approximately 6,400 vehicles per day. The property is offered as a combined business and real estate sale.
Key Highlights
- 2,410‑square‑foot building on a 0.229‑acre lot
- Drive‑through and gated courtyard for outdoor dining
- Sale includes the operating business, building, kitchen equipment, signage, inventory, recipes, and most decor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,126
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,520
$422.5K
Cap Rate 7%
$301,800
$301.8K
Cap Rate 9%
$234,733
$234.7K
Market Conditions
NOI Build-Up for 2,410 SF
Gross rent
$28.9K $12.00/SF
− Vacancy
−$752 −$0.31/SF
EGI
$28.2K $11.69/SF
− OpEx
−$7.0K −$2.92/SF
NOI
$21.1K $8.77/SF
Area
Barron County, WI
Vacancy
2.60%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,520
Cap Rate 7%
$301,800
Cap Rate 9%
$234,733
Alternative Uses
Best Use
Specialty Retail
$301.8K
$264.1K – $352.1K
NOI $21,126 @ 7.0% cap · market cap 3.55%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$475.1K
$415.7K – $554.3K
NOI $33,258 @ 7.0% cap · market cap 5.59%
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
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Current Use
Lease Details
6,400 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
295
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54728, WI
6,166
Population
3,491
Households
1.8
Avg Household Size
50
Median Age
22%
College-Educated
96%
High-School Grad
125.6 sq mi
ZIP Area
49
Density / Sq Mi
$71,538
Median Household Income
$40,310
Median Earnings
$897
Median Rent
$214,200
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Caribou Coffee — 719 2nd St, Chetek, WI 54728
- Hope & Anchor Coffeehouse — 526 2nd St Unit 2, Chetek, WI 54728
- Mary's Cafe & Pub — 208 Knapp St, Chetek, WI 54728
Frequently Asked Questions
What type of property is this?
Coffee shop - The sale includes the operating business, building, kitchen equipment, signage, inventory, recipes, and most decor.
Where is this coffee shop located?
The property is located at 526 2nd Street Chetek, WI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,410‑square‑foot building on a 0.229‑acre lot; Drive‑through and gated courtyard for outdoor dining; Sale includes the operating business, building, kitchen equipment, signage, inventory, recipes, and most decor
