Restaurant with Apartment and
For Sale
$195,000
613 E La Salle Avenue, Barron, WI 54812
CommercialSale, Barron, WI
Property Size2,673 SF
Lot Size0.14 Acres
Price / SF$72.95
Days on Market57
Property Features for 613 E La Salle Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Exterior features
Lighting
Elementary school district
Barron Area
Middle school district
Barron Area
High school district
Barron Area
Directions
Head West into Barron on HWY 8, turn left onto S 7th street, then take a right on E Lasalle Ave and the property will be on your right. Across the street from KJ
Standard status
Active
APN
206138123000
Size
2,673 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LOTS 21 & 22 BLK 17 RAILWAY ADD
Tax Annual Amount
2198
Legal Description
LOTS 21 & 22 BLK 17 RAILWAY ADD
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Flooring type
Carpet
Building materials
VinylSiding
Additional Structures
Garage(s)
Listing Agency:
Real Estate Solutions
(715) 719-0555
Listed By:
Casey Watters · License #52542-90
(715) 434-7904
Added: Jun 29
Changed: Aug 19
Last Checked: Aug 24 at 8:06AM
MLS# 1602556
Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale property features 2,600 finished square feet currently operated as a pizzeria/restaurant. The main level is laid out for commercial use with a welcoming entry, covered deck, and a handicap ramp for accessible access. A flexible floor plan supports a range of concepts beyond food service, including retail, office, and other service-based businesses.
The building has easy access off La Salle Avenue and is described as having excellent visibility. The property includes an upstairs 1 bedroom and 1 bathroom apartment that is currently rented, creating an additional income stream or the option for an owner’s suite depending on the buyer’s plans. A 16x24 garage is also included, providing useful storage space for equipment, inventory, or other business needs.
For tenants, owners, or investors seeking a combined live/work or multi-use setup, the combination of restaurant-ready main space, an on-site rented apartment, and dedicated garage storage can streamline operations. Buyers who want the option to continue restaurant operations or repurpose the commercial layout for another business type may find the existing configuration accommodating. The accessible entry elements and on-site apartment further support flexible occupancy strategies.
The building has easy access off La Salle Avenue and is described as having excellent visibility. The property includes an upstairs 1 bedroom and 1 bathroom apartment that is currently rented, creating an additional income stream or the option for an owner’s suite depending on the buyer’s plans. A 16x24 garage is also included, providing useful storage space for equipment, inventory, or other business needs.
For tenants, owners, or investors seeking a combined live/work or multi-use setup, the combination of restaurant-ready main space, an on-site rented apartment, and dedicated garage storage can streamline operations. Buyers who want the option to continue restaurant operations or repurpose the commercial layout for another business type may find the existing configuration accommodating. The accessible entry elements and on-site apartment further support flexible occupancy strategies.
Key Highlights
- 2,600 finished SF commercial space with easy access off La Salle Avenue and high‑visibility location
- Currently operated as a pizzeria/restaurant with a flexible layout suitable for retail, office, service business, or continued food use
- Main level features a welcoming entry, covered deck, and handicap ramp for convenient access
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
$11,120
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
5.70%
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%
$222,400
$222.4K
Cap Rate 7%
$158,857
$158.9K
Cap Rate 9%
$123,556
$123.6K
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
$21.2K $7.92/SF
− Vacancy
−$953 −$0.36/SF
EGI
$20.2K $7.56/SF
− OpEx
−$9.1K −$3.40/SF
NOI
$11.1K $4.16/SF
Area
Barron County, WI
Vacancy
4.50%
Lease Rate
$7.92 /SF/Yr
Expense Ratio
45.00%
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%
$222,400
Cap Rate 7%
$158,857
Cap Rate 9%
$123,556
Alternative Uses
Best Use
Specialty Retail
$334.7K
$292.9K – $390.5K
NOI $23,432 @ 7.0% cap · market cap 12.02%
Second Best
Apartment 5plus
$158.9K
$139.0K – $185.3K
NOI $11,120 @ 7.0% cap · market cap 5.70%
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
Lease Details
1
Residential units
Turnkey business
Opportunity
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant space with an on-site rented apartment, plus a 16x24 garage for storage and business equipment needs.
Where is this conventional restaurant located?
The property is located at 613 E La Salle Avenue 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: 2,600 finished SF commercial space with easy access off La Salle Avenue and high‑visibility location; Currently operated as a pizzeria/restaurant with a flexible layout suitable for retail, office, service business, or continued food use; Main level features a welcoming entry, covered deck, and handicap ramp for convenient access
