Listing Agency: Real Estate Solutions

Listed By: Casey Watters · License #5254290 Show Phone

Source: Homcentric

Added: Aug 10 Changed: Oct 6 Last Checked: Oct 5 at 9:11PM

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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.

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 / Yr

$10,778

Cap Rate

5.53%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $36,887 @ 7.0% cap · market cap 18.92%

Second Best

Specialty Retail

$334.7K

$292.9K – $390.5K (±1% cap)

NOI $23,432 @ 7.0% cap · market cap 12.02%

Theoretical Best

Warehouse

$2.15M

$1.88M – $2.51M (±1% cap)

NOI $150,338 @ 7.0% cap · market cap 77.10%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick Big Box & Wholesale Store Grocery & Convenience Store Furniture & Home Goods HVAC Service (Bike/Boat/Book/etc) Store Skin Care Clinic

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

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

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties What are key features of this property?

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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