Bar & Pub with Commercial
For Sale
Contact for pricing
Pending
5512 Stewart Avenue, Wausau, WI 54401
Corner-lot property features updated kitchen equipment, dining space, and a game room with pool and darts.
Property Size3,608 SF
Days on Market223
Property Features for 5512 Stewart Avenue
General Information
Standard status
Pending
Size
3,608 SF
Property subtype
Special Purpose, Retail
Additional Details
Business Included
Yes
Building Details
Year Built
1938
Listing Agency:
Coldwell Banker Action
Listed By:
Ali Tonkin · License #WI
Source:
Crexi
Added: Jan 20
Changed: Aug 31
Last Checked: Aug 31 at 4:22AM
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 Coldwell Banker Action
Investment Insights
Based on property information with market context.
Whiskey River is an established bar and pub at 5512 Stewart Avenue in Wausau. The property includes a full commercial kitchen with updated equipment, a substantial bar area, dining space accommodating over 75 guests, and a game room with pool, darts, and electronic games. The building was constructed in 1938.
Positioned on a corner lot, the property benefits from its setting near residential neighborhoods, stores, shopping, and highways. New sidewalks and a walking trail have also been added nearby, providing additional pedestrian infrastructure around the site.
Positioned on a corner lot, the property benefits from its setting near residential neighborhoods, stores, shopping, and highways. New sidewalks and a walking trail have also been added nearby, providing additional pedestrian infrastructure around the site.
Key Highlights
- Full commercial kitchen with updated equipment
- Dining area with capacity for over 75 guests
- Game room includes pool, darts, and electronic games
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,009
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$480,180
$480.2K
Cap Rate 7%
$342,986
$343.0K
Cap Rate 9%
$266,767
$266.8K
Market Conditions
NOI Build-Up for 3,608 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.8K $10.20/SF
− Vacancy
−$2.5K −$0.69/SF
EGI
$34.3K $9.51/SF
− OpEx
−$10.3K −$2.85/SF
NOI
$24.0K $6.65/SF
Area
Marathon County, WI
Vacancy
6.80%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$480,180
Cap Rate 7%
$342,986
Cap Rate 9%
$266,767
Alternative Uses
Best Use
Specialty Retail
$666.6K
$583.3K – $777.7K
NOI $46,662 @ 7.0% cap · market cap 17.48%
Second Best
Industrial
$343.0K
$300.1K – $400.2K
NOI $24,009 @ 7.0% cap · market cap 8.99%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54401, WI
31,727
Population
14,230
Households
2.2
Avg Household Size
40
Median Age
31%
College-Educated
91%
High-School Grad
84.2 sq mi
ZIP Area
377
Density / Sq Mi
$69,542
Median Household Income
$40,796
Median Earnings
$969
Median Rent
$186,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Burks Bar — 4711 Stewart Ave, Wausau, WI 54401
- Whiskey River Bar And Grill — 5512 Stewart Ave, Wausau, WI 54401
- Todd & Peggy's Whiskey River — 5512 stewart ave, wausau, wi 54401
- Black Steer Bar & Dining — 5512 Stewart Ave, Wausau, WI 54401
- Hutch's Sports Bar — 4411 Stewart Ave, Wausau, WI 54401
Frequently Asked Questions
What type of property is this?
Bar & Pub - Corner-lot property features updated kitchen equipment, dining space, and a game room with pool and darts.
Where is this bar & pub located?
The property is located at 5512 Stewart Avenue Wausau, WI.
What is the asking price?
The asking price for this property is $267,000.
What are key features of this property?
This property features: Full commercial kitchen with updated equipment; Dining area with capacity for over 75 guests; Game room includes pool, darts, and electronic games
