Restaurant Building with
For Sale
$195,000
613 E La Salle Ave, Barron, WI 54812
Two-level commercial property includes a rented apartment, covered deck, accessibility ramp, and dedicated garage storage.
Property Size2,673 SF
Price / SF$72.95
Days on Market21
Property Features for 613 E La Salle Ave
General Information
Standard status
Active
Size
2,673 SF
Listing Agency:
Real Estate Solutions
(866) 619-7904
Listed By:
Casey Watters · License #5254290
Source:
Homcentric
Added: Aug 10
Changed: Aug 30
Last Checked: Aug 30 at 5:18AM
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 Real Estate Solutions
Investment Insights
Based on property information with market context.
Located at 613 E La Salle Ave in Barron, this conventional restaurant property combines an operating pizzeria/restaurant layout with additional residential and storage components. The main floor provides commercial space with a defined entrance, covered deck, and handicap ramp. The configuration can support continued food service as well as retail, office, or service-oriented business use, as identified in the property information.
The upper level contains a 1 bedroom, 1 bathroom apartment that is currently rented and may also serve as an owner’s suite. A separate 16x24 garage provides space for equipment, inventory, or other business-related storage. The property offers access from La Salle Avenue and is positioned in Barron, Wisconsin.
The upper level contains a 1 bedroom, 1 bathroom apartment that is currently rented and may also serve as an owner’s suite. A separate 16x24 garage provides space for equipment, inventory, or other business-related storage. The property offers access from La Salle Avenue and is positioned in Barron, Wisconsin.
Key Highlights
- Conventional restaurant property at 613 E La Salle Ave in Barron, WI
- Main‑level commercial layout with covered deck and handicap ramp
- Upper‑level 1 bedroom, 1 bathroom apartment currently rented
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
$10,778
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
5.53%
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%
$215,560
$215.6K
Cap Rate 7%
$153,971
$154.0K
Cap Rate 9%
$119,756
$119.8K
Market Conditions
NOI Build-Up for 2,673 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
$16.0K $6.00/SF
− Vacancy
−$642 −$0.24/SF
EGI
$15.4K $5.76/SF
− OpEx
−$4.6K −$1.73/SF
NOI
$10.8K $4.03/SF
Area
Barron County, WI
Vacancy
4.00%
Lease Rate
$6.00 /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%
$215,560
Cap Rate 7%
$153,971
Cap Rate 9%
$119,756
Alternative Uses
Best Use
Mixed Use
$527.0K
$461.1K – $614.8K
NOI $36,887 @ 7.0% cap · market cap 18.92%
Second Best
Specialty Retail
$334.7K
$292.9K – $390.5K
NOI $23,432 @ 7.0% cap · market cap 12.02%
Theoretical Best
Warehouse
$2.15M
$1.88M – $2.51M
NOI $150,338 @ 7.0% cap · market cap 77.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
386
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54812, WI
5,845
Population
2,455
Households
2.4
Avg Household Size
41
Median Age
17%
College-Educated
85%
High-School Grad
90.2 sq mi
ZIP Area
65
Density / Sq Mi
$63,882
Median Household Income
$35,765
Median Earnings
$908
Median Rent
$163,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two-level commercial property includes a rented apartment, covered deck, accessibility ramp, and dedicated garage storage.
Where is this conventional restaurant located?
The property is located at 613 E La Salle Ave Barron, WI.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Conventional restaurant property at 613 E La Salle Ave in Barron, WI; Main‑level commercial layout with covered deck and handicap ramp; Upper‑level 1 bedroom, 1 bathroom apartment currently rented
