Log Cabin Bar and Grill
For Sale
$595,000
8826 Grams Rd, Ripon, WI 54971
Established hospitality property with indoor dining, seasonal outdoor entertainment, event tents, and an outdoor food-service setup.
Property Size3,024 SF
Price / SF$196.76
Days on Market43
Property Features for 8826 Grams Rd
General Information
Standard status
Active
Size
3,024 SF
Additional Details
Business Included
Yes
Amenities
permanent stage
party tents
outdoor chuckwagon
Building Details
Year Built
2002
Listing Agency:
Coldwell Banker Real Estate Group
(920) 993-7005
Listed By:
Linda A. Sanderfoot
Source:
Moving2greenbay
Added: Jul 19
Changed: Aug 29
Last Checked: Aug 29 at 9:02AM
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 Coldwell Banker Real Estate Group
Investment Insights
Based on property information with market context.
This 3,024-square-foot hospitality property, built in 2002, includes the year-round Log Cabin Bar & Grill and a seasonal outdoor bar known as Gear Head Garage. The site also features a permanent stage for live entertainment, two large party tents, and an outdoor chuckwagon that expands food-service capacity for larger gatherings.
The property supports weddings, private parties, corporate gatherings, and other events, with on-site parking designed to accommodate large crowds. The operation is fully staffed, and bookings are in place for 2026. The building is described as well-maintained and in excellent condition.
The property supports weddings, private parties, corporate gatherings, and other events, with on-site parking designed to accommodate large crowds. The operation is fully staffed, and bookings are in place for 2026. The building is described as well-maintained and in excellent condition.
Key Highlights
- 3,024‑square‑foot hospitality property built in 2002
- Year‑round Log Cabin Bar & Grill with seasonal Gear Head Garage outdoor bar
- Permanent stage for live entertainment
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
$39,109
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
6.57%
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%
$782,180
$782.2K
Cap Rate 7%
$558,700
$558.7K
Cap Rate 9%
$434,544
$434.5K
Market Conditions
NOI Build-Up for 3,024 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
$54.4K $18.00/SF
− Vacancy
−$2.3K −$0.76/SF
EGI
$52.1K $17.24/SF
− OpEx
−$13.0K −$4.31/SF
NOI
$39.1K $12.93/SF
Area
Fond du Lac County, WI
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$782,180
Cap Rate 7%
$558,700
Cap Rate 9%
$434,544
Alternative Uses
Best Use
Specialty Retail
$558.7K
$488.9K – $651.8K
NOI $39,109 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.91M
$2.55M – $3.40M
NOI $203,975 @ 7.0% cap · market cap 34.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 54971, WI
10,938
Population
4,918
Households
2.2
Avg Household Size
42
Median Age
26%
College-Educated
93%
High-School Grad
110.9 sq mi
ZIP Area
99
Density / Sq Mi
$65,914
Median Household Income
$41,534
Median Earnings
$708
Median Rent
$182,800
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Log Cabin Bar & Grill — 8826 Grams Rd, Ripon, WI 54971
Frequently Asked Questions
What type of property is this?
Bar & Pub - Established hospitality property with indoor dining, seasonal outdoor entertainment, event tents, and an outdoor food-service setup.
Where is this bar & pub located?
The property is located at 8826 Grams Rd Ripon, WI.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 3,024‑square‑foot hospitality property built in 2002; Year‑round Log Cabin Bar & Grill with seasonal Gear Head Garage outdoor bar; Permanent stage for live entertainment
