Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Established Diner in Junction City Title is generated by Realmo AI

    601 MAIN STREET, Junction City, WI 54443

    View on Map
    Claim this Listing
    For Sale
    $180,000

    COMMERCIAL - Junction City, WI

    Property size:
    1,092 SF
    Price / SF:
    $164/SF
    Added:
    Jul 28, 2025
    Days on Market:
    304
    Last Refresh:
    May 27 at 6:06 am

    Property Features for 601 MAIN STREET

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    1,092 SF

    Taxes and HOA fees

    Tax Year
    2025

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1958
    Building materials
    Brick, Wood
    Roof type
    Metal

    We can help!

    Listing Contact
    NATANIA GAETZ

    Listing agent NATANIA GAETZ License #111229-94

    Listing office KPR BROKERS, LLC 2417 Post Rd, Stevens Point, WI

    Listing date Jul 28, 2025

    MLS# 22503482

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

    HighLights

    • Established, Turnkey Business: A local diner with a loyal customer base and a proven track record.
    • #1 Fish Fry: Voted the best fish fry in the area, a significant draw for customers.
    • Prime Location: Situated in the heart of town with high visibility and steady foot traffic.
    • Fully Equipped: Includes a full kitchen, spacious dining area, and ample parking.
    • Cozy Atmosphere: Known for its welcoming and comfortable environment.
    • Solid Structure: Built with brick and wood, featuring a durable metal roof (Year Built: 1958).

    Overview

    This established diner, a local favorite, is available for purchase in Junction City, WI. The property has been a community staple for years and is known for its cozy atmosphere and hearty breakfasts. It has been voted the #1 Fish Fry in the area. The turnkey business is situated in the heart of town, benefiting from high visibility and steady foot traffic. The property offers an opportunity for an owner-operator or investor to continue a tradition of food and service. The diner is equipped with a full kitchen and a spacious dining area. There is parking available. The property size is 1092 square feet. The 2025 tax number is for two parcels being sold together. Parcel #141-24-0602-10.06 has a tax amount of $59.97 for 2025, and parcel #141-24-0603-13.05 has a tax amount of $1,365.74 for 2025.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $165.3K
    NOI $14,876 @ 9.00% cap · cautious / downside scenario
    Moderate
    $212.5K
    NOI $14,876 @ 7.00% cap · market / base-case scenario
    Aggressive
    $297.5K
    NOI $14,876 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Specialty Retail

    Component $ $/SF
    Gross rent $20.7k $18.96
    − Vacancy −$870 −$0.80
    EGI $19.8k $18.16
    − OpEx −$5.0k −$4.54
    NOI $14.9k $13.62
    1,092 SF · lease $18.96/SF/yr · vacancy 4.20% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $212.5K
    $186.0K – $247.9K (±1% cap)
    NOI $14,876 @ 7.0% cap · market cap 8.26%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Breakfast & diners

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Department Store Kitchen & Bath Showroom Storage Facility HVAC Service Bar & Pub Pet Store & Service Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Junction City
    County
    Portage
    State
    Wisconsin
    Longitude
    -89.767578
    Latitude
    44.590732

    FAQs

    What type of property is this?
    Breakfast & diner - Turnkey diner with loyal customer base and high visibility.
    Where is this breakfast & diner located?
    The property is located at 601 MAIN STREET Junction City, WI.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: Established, Turnkey Business: A local diner with a loyal customer base and a proven track record.; #1 Fish Fry: Voted the best fish fry in the area, a significant draw for customers.; Prime Location: Situated in the heart of town with high visibility and steady foot traffic.
    (715) 340-7047
    We can help!
    Listing Contact
    NATANIA GAETZ
    Real Estate License ID: 111229-94
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    601 MAIN STREET, Junction City, WI 54443
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!