Freestanding Restaurant with Banquet
For Sale
$899,000
N2717 COUNTY ROAD QQ, Waupaca, WI 54981
Commercial Sale, WAUPACA, WI
Property Size8,500 SF
Lot Size1.60 Acres
Price / SF$105.76
Days on Market349
Property Features for N2717 COUNTY ROAD QQ
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Parking
75
Basement
Partial
Elementary school district
Waupaca
Middle school district
Waupaca
High school district
Waupaca
Directions
From Hwy 10 exit Hwy 54 west to Hwy QQ left and follow to business on the right. Alternate Address: N2717 HWY QQ
Standard status
Active
APN
05 35 75 34
Lot size
1.60 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6757
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Amenities
electronic signage
Beer Garden
firepit
Building Details
Year built
1995
Floors in Building
1
Building materials
Brick
Listing Agency:
United Country-Udoni & Salan Realty
(715) 258-8800
Listed By:
Joseph M Udoni · License #9050828
(715) 281-8807
Added: Oct 23, 2025
Changed: Oct 5
Last Checked: Oct 6 at 7:06PM
MLS# 50317219
Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The 8,500-square-foot brick restaurant building was constructed in 1995 and includes an extra-large commercial kitchen, a separate baking kitchen, spacious dining room, bar, banquet room with an additional bar, and a welcoming foyer with two bathrooms. Furniture, fixtures, and equipment are included. The property also features central air, forced-air heating, electronic signage, and a beer garden with a firepit.
Set on 1.6 acres at N2717 County Road QQ, the property includes a large parking area accommodating 75+ cars and buses. Water is supplied by a well, and the property connects to public sewer. Commercial zoning supports the existing restaurant-oriented configuration.
Set on 1.6 acres at N2717 County Road QQ, the property includes a large parking area accommodating 75+ cars and buses. Water is supplied by a well, and the property connects to public sewer. Commercial zoning supports the existing restaurant-oriented configuration.
Key Highlights
- 8,500‑square‑foot restaurant building on 1.6 acres
- Extra‑large commercial kitchen plus separate baking kitchen
- Dining room, two bar areas, and banquet room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,844
Cap Rate
6.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,236,880
$1.2M
Cap Rate 7%
$883,486
$883.5K
Cap Rate 9%
$687,156
$687.2K
Market Conditions
NOI Build-Up for 8,500 SF
Gross rent
$84.7K $9.96/SF
− Vacancy
−$2.2K −$0.26/SF
EGI
$82.5K $9.70/SF
− OpEx
−$20.6K −$2.43/SF
NOI
$61.8K $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%
$1,236,880
Cap Rate 7%
$883,486
Cap Rate 9%
$687,156
Alternative Uses
Best Use
Specialty Retail
$883.5K
$773.1K – $1.03M
NOI $61,844 @ 7.0% cap · market cap 6.88%
Second Best
Industrial
$713.7K
$624.5K – $832.7K
NOI $49,962 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,450 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 54981, WI
14,998
Population
8,253
Households
1.8
Avg Household Size
47
Median Age
28%
College-Educated
94%
High-School Grad
131.6 sq mi
ZIP Area
114
Density / Sq Mi
$76,821
Median Household Income
$45,326
Median Earnings
$800
Median Rent
$204,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Brick restaurant property with commercial and baking kitchens, multiple bar areas, banquet space, and an outdoor beer garden.
Where is this conventional restaurant located?
The property is located at N2717 COUNTY ROAD QQ Waupaca, WI.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 8,500‑square‑foot restaurant building on 1.6 acres; Extra‑large commercial kitchen plus separate baking kitchen; Dining room, two bar areas, and banquet room
