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    Solon Springs Bar & Restaurant Title is generated by Realmo AI

    6925 County Highway N, Solon Springs, WI 54873

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    For Sale
    $895,000

    COMMERCIAL - Solon Springs, WI

    Property size:
    2,940 SF
    Lot size:
    3.10 Acres
    Price / SF:
    $304/SF
    Added:
    Mar 2, 2026
    Days on Market:
    74
    Last Refresh:
    May 15 at 6:06 pm

    Property Features for 6925 County Highway N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Interior features
    Furnished
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    04004245093610400002300
    Size
    2,940 SF
    Lot size
    3.10 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 1 CSM #1973 IN V.11 P.331 (LOCATED IN SE NE) IN DOC 2022R-593680
    Tax Annual Amount
    2658

    Utilities

    Sewer type
    Private Sewer, Septic Tank
    Heating system
    Forced Air
    Cooling system
    Ductless
    Water source
    Well

    Building Details

    Year built
    1960
    Building materials
    WoodSiding

    We can help!

    Listing Contact
    Michael Blaylock
    Michael Blaylock

    Listing agent Michael Blaylock License #92121-94

    Listing office Coldwell Banker Realty~Spooner 102 S River St PO Box 418, Spooner, WI

    Listing date Mar 2, 2026

    MLS# 1598769

    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.

    HighLights

    • Established bar and restaurant with fully equipped bar, dining area, and commercial kitchen ready for immediate operation.
    • Includes a 3 Bed / 2 Bath home, 3 car garage and two separate 1 Bed / 1 Bath properties, offering residential income potential or owner occupancy.
    • Strong visibility and convenient access with ample on‑site parking.
    • Located in Northern Wisconsin, attracting year‑round locals and seasonal visitors.
    • Furnished commercial space.
    • Accessible approach with ramp.

    Overview

    This commercial property in Solon Springs, Wisconsin, presents an investment opportunity with both business and residential income potential. The property features a well-established bar and restaurant with a fully equipped bar, a spacious dining area, a commercial-grade kitchen, and ample storage. The commercial space is ready for immediate operation and is positioned to attract year-round locals and seasonal visitors. The property also includes a 3-bedroom, 2-bathroom home, a 3-car garage for additional storage, and two separate 1-bedroom, 1-bathroom properties. The property spans 3.1 acres and the building size is 2940 square feet. It is located on County Highway N and offers strong visibility, convenient access, and on-site parking. This property is suited for continuing a local favorite or bringing a new vision to life.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $721.0K
    NOI $64,887 @ 9.00% cap · cautious / downside scenario
    Moderate
    $927.0K
    NOI $64,887 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.30M
    NOI $64,887 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Specialty Retail

    Component $ $/SF
    Gross rent $88.6k $30.12
    − Vacancy −$2.0k −$0.69
    EGI $86.5k $29.43
    − OpEx −$21.6k −$7.36
    NOI $64.9k $22.07
    2,940 SF · lease $30.12/SF/yr · vacancy 2.30% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $927.0K
    $811.1K – $1.08M (±1% cap)
    NOI $64,887 @ 7.0% cap · market cap 7.25%
    Second Best
    Retail
    $515.4K
    $451.0K – $601.4K (±1% cap)
    NOI $36,081 @ 7.0% cap · market cap 4.03%
    Theoretical Best
    —
    —
    same as Best Use
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Bar & Pub Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Tracks Inn — 6935 County Hwy N, Barnes, WI 54873

    Location Insight

    • Map
    • Local Demand
    City
    Solon Springs
    County
    Douglas
    State
    Wisconsin
    Longitude
    -91.4285707
    Latitude
    46.3402227

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    FAQs

    What type of property is this?
    Bar & Pub - Established bar and restaurant with residential income potential in Wisconsin.
    Where is this bar & pub located?
    The property is located at 6925 County Highway N Solon Springs, WI.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: Established bar and restaurant with fully equipped bar, dining area, and commercial kitchen ready for immediate operation.; Includes a 3 Bed / 2 Bath home, 3 car garage and two separate 1 Bed / 1 Bath properties, offering residential income potential or owner occupancy.; Strong visibility and convenient access with ample on‑site parking.
    (715) 919-0171
    We can help!
    Listing Contact
    Michael Blaylock
    Michael Blaylock
    Real Estate License ID: 92121-94
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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