Renovated Supper Club
617 E North Poynette, WI 53955
For Sale
Contact for pricing
Renovated Wisconsin supper club with updated dining, bar, kitchen upgrades, and remodeled bathrooms near Hwy 51.
Property Size2,903 SF
Price / SF$161.87
Days on Market72
Property Features for 617 E North
General Information
- Standard status
- Active
- Size
- 2,903 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1958
Listing Agency:
RE/MAX Preferred
(608) 444-7386
Listed By:
Scott Elert · License #43011-94
Source:
Crexi
Added: May 13
Changed: Jul 23
Last Checked: Jul 23 at 6:59AM
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 RE/MAX Preferred
Investment Insights
Based on property information with market context.
Updated and renovated, this well-known Wisconsin supper club is ready for new ownership with substantial interior improvements already completed. The property features a spacious 35x39 dining room, updated entry and bar area, and kitchen reconfiguration. Bathrooms are fully remodeled, and the sale includes numerous kitchen upgrades such as four new fryers, a new charbroiler, and mobile storage racking.
Located near Hwy 51, the property is positioned for visibility and convenient access for customers and staff.
With the major improvements in place, this turn-key restaurant/bar facility is set up for immediate operational readiness under a new concept or continued use as a full-service supper club.
Located near Hwy 51, the property is positioned for visibility and convenient access for customers and staff.
With the major improvements in place, this turn-key restaurant/bar facility is set up for immediate operational readiness under a new concept or continued use as a full-service supper club.
Key Highlights
- Renovated Wisconsin supper club (built 1958) with updated dining room, entry, and bar area
- Spacious 35x39 dining room
- Kitchen reconfiguration and numerous included kitchen upgrades
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.3k | $18.00 |
| − Vacancy | −$2.4k | −$0.81 |
| EGI | $49.9k | $17.19 |
| − OpEx | −$12.5k | −$4.30 |
| NOI | $37.4k | $12.89 |
2,903 SF · lease $18.00/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$534.7K
$467.8K – $623.8K
NOI $37,427 @ 7.0% cap · market cap 7.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.2K
$570.7K – $760.9K
NOI $45,653 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Owl's Nest
Restaurant
FAQs
What type of property is this?
Conventional restaurant - Renovated Wisconsin supper club with updated dining, bar, kitchen upgrades, and remodeled bathrooms near Hwy 51.
Where is this conventional restaurant located?
The property is located at 617 E North Poynette, WI.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: Renovated Wisconsin supper club (built 1958) with updated dining room, entry, and bar area; Spacious 35x39 dining room; Kitchen reconfiguration and numerous included kitchen upgrades
