Event Venue with Bluff
For Sale
Contact for pricing
Pending
13887 County Rd DL, Merrimac, WI 53561
6,000 SF event venue with indoor/outdoor concept on 5 acres.
Property Size6,000 SF
Lot Size5.00 Acres
Days on Market842
Property Features for 13887 County Rd DL
General Information
Standard status
Pending
Size
6,000 SF
Lot size
5.00 Acres
Property subtype
Retail
Listing Agency:
NAI Madison
(608) 957-6175
Listed By:
Toby Mattson · License #WI 7777394
Source:
Crexi
Added: Apr 16, 2024
Changed: Jul 10
Last Checked: Aug 5 at 1:53PM
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 NAI Madison
Investment Insights
Based on property information with market context.
This is a 6,000 SF indoor and outdoor event venue, restaurant and tavern, situated on 5 acres. The property features a large 2,500 SF deck, partially covered, with a commercial garage door that opens to the main building, creating an indoor/outdoor concept. The property offers views from its bluff-top location.
Key Highlights
- 5‑acre property with bluff views
- 6,000 SF event venue, restaurant, and tavern
- Large 2,500 SF partially covered deck
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 | $108.0k | $18.00 |
| − Vacancy | −$2.8k | −$0.47 |
| EGI | $105.2k | $17.53 |
| − OpEx | −$26.3k | −$4.38 |
| NOI | $78.9k | $13.15 |
6,000 SF · lease $18.00/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.13M
$986.2K – $1.31M
NOI $78,894 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.42M
NOI $85,018 @ 7.0% cap · market cap 3.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53561, WI
2,016
Population
1,159
Households
1.7
Avg Household Size
48
Median Age
37%
College-Educated
94%
High-School Grad
36.5 sq mi
ZIP Area
55
Density / Sq Mi
$95,694
Median Household Income
$55,900
Median Earnings
$1,031
Median Rent
$407,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Restaurant - 6,000 SF event venue with indoor/outdoor concept on 5 acres.
Where is this restaurant located?
The property is located at 13887 County Rd DL Merrimac, WI.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 5‑acre property with bluff views; 6,000 SF event venue, restaurant, and tavern; Large 2,500 SF partially covered deck
