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    5461 PARK ST Boulder Junction, WI 54512

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    Claim this Listing
    For Sale
    $599,900

    COMMERCIAL - Boulder Junction, WI

    Lot size:
    0.35 Acres
    Added:
    Mar 2, 2026
    Days on Market:
    65
    Last Refresh:
    May 6 at 12:06 am

    Property Features for 5461 PARK ST

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bedrooms
    2
    Bathrooms
    4
    Rooms
    Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 1, Bathroom 4, Bedroom 1
    Exterior features
    Landscaping
    Standard status
    Active
    APN
    4-1524
    Lot size
    0.35 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 7 BLK 1 ASSESSOR'S PLAT OF BOULDER JCT & VACATED RD 868-516
    Tax Annual Amount
    2505

    Utilities

    Heating system
    Natural Gas
    Water source
    Well

    Building Details

    Floors in Building
    2
    Number of units
    2
    Flooring type
    Mixed, Wood
    Building materials
    Frame, VinylSiding
    Roof type
    Shingle, Composition

    We can help!

    Listing Contact
    CHRIS HILLER
    CHRIS HILLER

    Listing agent CHRIS HILLER License #45291 - 94

    Listing office RE/MAX PROPERTY PROS - MINOCQUA 8612 Hwy 51 PO Box 142, Minocqua, WI

    Listing date Mar 2, 2026

    MLS# 215941

    Copyright © 2026 Greater Northwoods MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Boulder Junction Commercial Opportunity

    This property, currently operating as a wine bar and Irish pub, is known as a welcoming gathering place. The interior features a handcrafted wood bar with seating for 12 and six beers on tap, along with high-top tables, lounge seating, and intimate spaces for up to 40 additional guests. Outdoor seating is available. The attached living quarters include granite countertops, two bedrooms, two bathrooms, and a private backyard. The property benefits from quality construction, high-speed internet, an easy-to-maintain layout, and a downtown location on the bike trail. The 0.35-acre property could transition into a luxury bed and breakfast or exclusive weekly rental. Located in town, guests can walk to shops and dining, bike the paved trail, enjoy Winter Park, Skate The Glide, and take advantage of hiking, snowmobiling, and fishing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    McGann’s Pub & Wine ... Bar & Pub

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Department Store HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • McGann’s Pub & Wine Bar — 5461 Park St, Boulder Junction, WI 54512
    • Aqualand Ale House — 10450 Main St, Boulder Junction, WI 54512
    • Boulder Beer Bar — 5509 Co Hwy M, Boulder Junction, WI 54512

    Location Insight

    • Map
    • Local Demand
    City
    Boulder Junction
    County
    Vilas
    State
    Wisconsin
    Longitude
    -89.6413268
    Latitude
    46.1112797

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    FAQs

    What type of property is this?
    Bar & Pub - Cozy wine bar/pub with living quarters in downtown Boulder Junction.
    Where is this bar & pub located?
    The property is located at 5461 PARK ST Boulder Junction, WI.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: Prime downtown location on the bike trail with walkability to shops, dining, and outdoor activities.; Currently operating as a successful wine bar and Irish pub with a welcoming atmosphere and established reputation.; Includes attached, updated living quarters with granite countertops, two bedrooms, two baths, and private backyard.
    (715) 892-0078
    We can help!
    Listing Contact
    CHRIS HILLER
    CHRIS HILLER
    Real Estate License ID: 45291 - 94
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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