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    141 County Road Kk Amherst, WI 54406

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    For Sale
    Contact for pricing

    Multi-use building, high income potential.

    Property size:
    4,742 SF

    Property Features for 141 County Road Kk

    General Information

    Property type
    Bars & Pubs
    Square Feet
    4,742 SF
    Lot Size
    61,420 SF

    Building Details

    Year Built
    1935
    Buildings
    1
    Stories
    2
    Units
    3

    We can help!

    Listing Contact
    Jordan Hornung
    Jordan Hornung

    Listing Agency: First Weber Listing Agent: Jordan Hornung

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional commercial property in Amherst, Wisconsin, presents a unique investment opportunity. Located at 141 County Road KK, this 4,742 square foot building sits on a 1.41-acre lot and boasts a prime location along the Tomorrow River. The property features three units currently occupied by two established businesses ("The Local Goat" and "Beard Bros BBQ") and a one-bedroom apartment. The two commercial leases generate a combined monthly income of $5,500 under NNN terms, while the apartment rents for $850 per month (utilities included), resulting in a total monthly income of $6,350. The existing tenants are open to discussing their departure, allowing for complete space utilization by a new owner. The building, constructed in 1935, has undergone recent interior renovations, including a modernized commercial kitchen. All furniture and operational supplies (excluding specialized BBQ equipment) are included in the sale. The second-story apartment offers a separate private entrance. Approved plans for future development as an event venue are available, with architect retainer fees already paid. The property offers ample parking and is conveniently located near Highway 10 East. This turnkey operation is priced at $490,000 and is zoned for commercial use. The property's APN is 102-23-1028-04.04. This is a rare opportunity to acquire a multi-faceted commercial property with significant income potential and future expansion possibilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Rivers Bar & Supper ... Bar & Pub Beard Bros BBQ Restaurant The Local Goat Company Bar & Pub

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Amherst
    County
    Portage
    State
    Wisconsin
    Longitude
    -89.2866997
    Latitude
    44.4421544

    Nearby Similar for Sale

    • $177,500
      3,503 SF

      Completely Rented Commercial Building

      Four-unit commercial building with long-term tenants in downtown Amherst.
      137-147 Main St NORTH, Amherst, WI 54406
      View Details
    • $490,000
      4,742 SF

      Amherst Commercial Property - High Income

      Turnkey Commercial Building w/ River Views
      141 County Road Kk, Amherst, WI 54406
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Multi-use building, high income potential.
    Where is this bar & pub located?
    The property is located at 141 County Road Kk Amherst, WI.
    What is the asking price?
    The asking price for this property is $490,000.
    What are key features of this property?
    This property features: $490,000 asking price for a multi-use commercial property.; 4,742 square feet on a 1.41-acre lot in Amherst, WI.; Three units: two commercial spaces (restaurant/bar) and a one-bedroom apartment.
    (715) 341-6688 Call to check price and availability
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    141 County Road Kk Amherst, WI 54406
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    Amherst, WI 54406
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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
    141 County Road Kk Amherst, WI 54406
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jordan Hornung
    Jordan Hornung
    Real Estate License ID: 9112794
    (715) 341-6688 (715) 340-1222
    Learn more
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