Building Details

Building Size 8,880 SF

Buildings 4

Listing Agency: Redman Realty Group, LLC Show Phone

Listed By: Guy Polacek · License #42584 Show Phone

Source: Integrityrealtorsllc

Added: Oct 22 Changed: Nov 1 Last Checked: Oct 29 at 10:41PM

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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 Redman Realty Group, LLC

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Investment Insights

Based on property information with market context.

This mixed-use property comprises four buildings totaling 8,880 square feet. The spaces include a museum, a food venue, a two-story bar with a catwalk, and a garage bar. A retail area, two stages, and a liquor license are also part of the property. Furniture, fixtures, equipment, and memorabilia are included in the sale, along with paved areas described as acres of blacktop.

The property has 1,320 feet of frontage on Hwy 51 and is located south of town. The existing event setup may be continued or adapted by a new owner.

Key Highlights

• Four buildings totaling 8,880 square feet
• 1,320 feet of frontage on Hwy 51
• Includes a museum, food venue, two‑story bar with catwalk, and garage bar

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$116,763

Cap Rate

6.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,335,260 $2.3M

Cap Rate 7%

$1,668,043 $1.7M

Cap Rate 9%

$1,297,367 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,880 SF

Gross rent

$159.8K $18.00/SF

− Vacancy

−$4.2K −$0.47/SF

EGI

$155.7K $17.53/SF

− OpEx

−$38.9K −$4.38/SF

NOI

$116.8K $13.15/SF

Area

Oneida County, WI

Vacancy

2.60%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,335,260

Cap Rate 7%

$1,668,043

Cap Rate 9%

$1,297,367

Alternative Uses

Best Use

Specialty Retail

$1.67M

$1.46M – $1.95M (±1% cap)

NOI $116,763 @ 7.0% cap · market cap 6.67%

Second Best

Mixed Use

$935.1K

$818.2K – $1.09M (±1% cap)

NOI $65,454 @ 7.0% cap · market cap 3.74%

Theoretical Best

Industrial

$4.16M

$3.64M – $4.85M (±1% cap)

NOI $290,938 @ 7.0% cap · market cap 16.63%

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

Bars & Pubs

Suggested Use

Top Pick Furniture & Home Goods Restaurant Bed & Breakfast

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

Lease Details

Yes

Paved road access

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

4

Businesses Nearby

Explore this area Business Placement

Demographics for 54529, WI

1,220

Population

1,243

Households

1

Avg Household Size

58

Median Age

25%

College-Educated

94%

High-School Grad

71.3 sq mi

ZIP Area

17

Density / Sq Mi

$73,068

Median Household Income

$52,266

Median Earnings

$950

Median Rent

$263,700

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?

Mixed-use property - Four buildings combine food service, bar areas, a museum, retail space, and stages for music or events.

Where is this mixed-use property located?

The property is located at 5261 Hwy 51 Harshaw, 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: Four buildings totaling 8,880 square feet; 1,320 feet of frontage on Hwy 51; Includes a museum, food venue, two‑story bar with catwalk, and garage bar