Building Details

Year Built 1987

Listing Agency: Resource One Realty, LLC

Listed By: Diane Campshure Walczyk · License #91700983 Show Phone

Source: Moving2greenbay

Added: Sep 1 Changed: Oct 2 Last Checked: Oct 7 at 4:40PM

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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 Resource One Realty, LLC

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Investment Insights

Based on property information with market context.

This breakfast diner comprises a 2,800-square-foot restaurant building constructed in 1987. The property includes a full basement, interior dining space, outdoor seating, and on-site parking. A liquor license and the restaurant’s equipment are included in the sale.

The diner is situated in a residential neighborhood near Highway 57, a church, and a gas station. Its setting places the property near both neighborhood activity and highway-oriented traffic. The building’s existing restaurant layout and included equipment provide a defined operating framework for the next owner.

Key Highlights

• 2,800‑square‑foot breakfast diner building
• Built in 1987
• Liquor license and restaurant equipment included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,304

Cap Rate

8.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$766,080 $766.1K

Cap Rate 7%

$547,200 $547.2K

Cap Rate 9%

$425,600 $425.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,800 SF

Gross rent

$53.8K $19.20/SF

− Vacancy

−$2.7K −$0.96/SF

EGI

$51.1K $18.24/SF

− OpEx

−$12.8K −$4.56/SF

NOI

$38.3K $13.68/SF

Area

Kewaunee County, WI

Vacancy

5.00%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$766,080

Cap Rate 7%

$547,200

Cap Rate 9%

$425,600

Alternative Uses

Best Use

Specialty Retail

$547.2K

$478.8K – $638.4K (±1% cap)

NOI $38,304 @ 7.0% cap · market cap 8.51%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$652.8K

$571.2K – $761.6K (±1% cap)

NOI $45,696 @ 7.0% cap · market cap 10.15%

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

Property Analytics

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Current Use

Sweet Seasons Restaurant

Suggested Use

Top Pick Building Supply Grocery & Convenience Store Storage Facility Parking Lot & Garage Big Box & Wholesale Store Auto Repair Shop

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

44

Businesses Nearby

3k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Shell Shops & Services

3,117 visits/mo 0.2 miles

Demographics for 54217, WI

7,713

Population

3,265

Households

2.4

Avg Household Size

42

Median Age

26%

College-Educated

95%

High-School Grad

112.0 sq mi

ZIP Area

69

Density / Sq Mi

$85,893

Median Household Income

$46,822

Median Earnings

$956

Median Rent

$255,200

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

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Frequently Asked Questions

What type of property is this?

Breakfast & diner - Established restaurant property with a liquor license, full basement, on-site parking, and seating indoors and outside.

Where is this breakfast & diner located?

The property is located at 6189 Tielens Rd Luxemburg, WI.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: 2,800‑square‑foot breakfast diner building; Built in 1987; Liquor license and restaurant equipment included