Building Details

Year Built 1880

Listing Agency: Anderson Commercial Group, LLC

Listed By: Kristen Parks · License #9034194 Show Phone

Source: Nikolicgroup

Added: Jul 21 Changed: Oct 2 Last Checked: Oct 7 at 3:40PM

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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 Anderson Commercial Group, LLC

Investment Insights

Based on property information with market context.

Bixenberg Tavern combines a restaurant and bar with an upper-level residential component in a mixed-use property built in 1880. The building contains approximately 3,240 square feet, including a 1,640-square-foot restaurant with seating for approximately 50 guests. The 2-bedroom, 1.5-bath apartment includes in-unit laundry and a private deck, providing an on-site residential option or additional rental use.

The property occupies a visible corner location with frontage, 35 parking spaces, and B-3 General Business zoning. A new HVAC system was installed in 2024. The sale includes the real estate, restaurant, bar, and upper apartment configuration.

Key Highlights

• Mixed‑use property with restaurant, bar, and upper apartment
• Approximately 3,240 SF building with a 1,640 SF restaurant
• 2‑bedroom, 1.5‑bath apartment with in‑unit laundry and private deck

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$36,139

Cap Rate

5.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$722,780 $722.8K

Cap Rate 7%

$516,271 $516.3K

Cap Rate 9%

$401,544 $401.5K

Market Conditions

NOI Build-Up for 3,240 SF

Gross rent

$65.7K $20.28/SF

− Vacancy

−$7.9K −$2.43/SF

EGI

$57.8K $17.85/SF

− OpEx

−$21.7K −$6.69/SF

NOI

$36.1K $11.15/SF

Area

Washington County, WI

Vacancy

12.00%

Lease Rate

$20.28 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$722,780

Cap Rate 7%

$516,271

Cap Rate 9%

$401,544

Alternative Uses

Best Use

Mixed Use

$516.3K

$451.7K – $602.3K (±1% cap)

NOI $36,139 @ 7.0% cap · market cap 5.17%

Second Best

Specialty Retail

$502.0K

$439.2K – $585.6K (±1% cap)

NOI $35,138 @ 7.0% cap · market cap 5.03%

Theoretical Best

Office A

$890.7K

$779.4K – $1.04M (±1% cap)

NOI $62,351 @ 7.0% cap · market cap 8.92%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Bixenberg Tavern Bar & Pub

Suggested Use

Top Pick Real Estate Agency Building Supply Restaurant Electrical Service Storage Facility Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

42

Businesses Nearby

Explore this area Business Placement

Demographics for 53022, WI

19,935

Population

8,229

Households

2.4

Avg Household Size

44

Median Age

48%

College-Educated

96%

High-School Grad

27.7 sq mi

ZIP Area

720

Density / Sq Mi

$105,324

Median Household Income

$58,683

Median Earnings

$1,315

Median Rent

$353,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Restaurant and upper apartment create flexible owner-occupancy or rental possibilities.

Where is this mixed-use property located?

The property is located at N112w21209 Mequon Rd Germantown, WI.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: Mixed‑use property with restaurant, bar, and upper apartment; Approximately 3,240 SF building with a 1,640 SF restaurant; 2‑bedroom, 1.5‑bath apartment with in‑unit laundry and private deck