Equipped Bar and
New
For Sale
$299,000
N10023 County Road J, Iola, WI 54945
The operation includes cooking appliances, refrigeration equipment, televisions, and bar stools.
Property Size1,680 SF
Lot Size4.60 Acres
Price / SF$177.98
Days on Market5
Property Features for N10023 County Road J
General Information
Standard status
Active
Size
1,680 SF
Total Parking Spaces
40
Lot size
4.60 Acres
Property subtype
Commercial
Zoning
Mercantile
Additional Details
Furnished
Yes
Business Included
Yes
Utilities to Site
Yes
Equipment Included
Yes
Currently Operating
Yes
Building Details
Building Size
1,680 SF
Year Built
1989
Listing Agency:
Keller Williams Fox Cities
Listed By:
Bill Tate · License #9476890
(715) 802-3515
Source:
Howardandwilliams
Added: Oct 30
Last Checked: Oct 30 at 3:23PM
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 Keller Williams Fox Cities
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Investment Insights
Based on property information with market context.
Schmidt's Corners is a bar and grill with 1,680 square feet of building area on a 4.6-acre property. The 1989-built operation includes ovens, a grill, fryers, pizza ovens, a dishwasher, refrigerators, freezers, televisions, and bar stools. Food and alcohol inventory is negotiable.
The property sits directly on a snowmobile trail near Iola, Wisconsin. A new well serves the site, and the septic system was installed a few years ago. Mercantile zoning applies.
The property sits directly on a snowmobile trail near Iola, Wisconsin. A new well serves the site, and the septic system was installed a few years ago. Mercantile zoning applies.
Key Highlights
- 1,680‑square‑foot bar and grill on 4.6 acres
- Built in 1989
- Kitchen equipment includes ovens, a grill, fryers, pizza ovens, and a dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,223
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,460
$244.5K
Cap Rate 7%
$174,614
$174.6K
Cap Rate 9%
$135,811
$135.8K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$16.7K $9.96/SF
− Vacancy
−$435 −$0.26/SF
EGI
$16.3K $9.70/SF
− OpEx
−$4.1K −$2.43/SF
NOI
$12.2K $7.28/SF
Area
Waupaca County, WI
Vacancy
2.60%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,460
Cap Rate 7%
$174,614
Cap Rate 9%
$135,811
Alternative Uses
Best Use
Specialty Retail
$174.6K
$152.8K – $203.7K
NOI $12,223 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$314.7K
$275.4K – $367.1K
NOI $22,028 @ 7.0% cap · market cap 7.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 54945, WI
3,503
Population
1,912
Households
1.8
Avg Household Size
50
Median Age
19%
College-Educated
95%
High-School Grad
107.2 sq mi
ZIP Area
33
Density / Sq Mi
$67,339
Median Household Income
$44,224
Median Earnings
$758
Median Rent
$198,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Bar & Pub - The operation includes cooking appliances, refrigeration equipment, televisions, and bar stools.
Where is this bar & pub located?
The property is located at N10023 County Road J Iola, WI.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,680‑square‑foot bar and grill on 4.6 acres; Built in 1989; Kitchen equipment includes ovens, a grill, fryers, pizza ovens, and a dishwasher
