Restaurant Building with
New
For Sale
$599,000
N2723 County Road Qq, Waupaca, WI 54981
A converted former office features commercial kitchen ventilation and electronic signage.
Property Size3,376 SF
Price / SF$177.43
Days on Market2
Property Features for N2723 County Road Qq
General Information
Standard status
Active
Size
3,376 SF
Property subtype
Commercial
Zoning
Rural Commercial
Amenities
full basement
electronic signage
Building Details
Building Size
3,376 SF
Year Built
1999
Listing Agency:
United Country-Udoni & Salan Realty
Listed By:
Joseph Udoni · License #9050828
(715) 258-8800
Source:
Howardandwilliams
Added: Oct 29
Last Checked: Oct 29 at 2:50PM
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 United Country-Udoni & Salan Realty
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Investment Insights
Based on property information with market context.
This 3,376-square-foot restaurant property was built in 1999 and renovated from former bank office space. It includes commercial kitchen ventilation, a full basement, and electronic signage. The parcel occupies a corner and has on-site parking.
Zoning is Rural Commercial. The property is located on County Road Qq in Waupaca, Wisconsin, within the King and Chain O' Lakes area.
Zoning is Rural Commercial. The property is located on County Road Qq in Waupaca, Wisconsin, within the King and Chain O' Lakes area.
Key Highlights
- 3,376‑square‑foot restaurant property
- Renovated from former bank office space
- Commercial kitchen ventilation system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,563
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$491,260
$491.3K
Cap Rate 7%
$350,900
$350.9K
Cap Rate 9%
$272,922
$272.9K
Market Conditions
NOI Build-Up for 3,376 SF
Gross rent
$33.6K $9.96/SF
− Vacancy
−$874 −$0.26/SF
EGI
$32.8K $9.70/SF
− OpEx
−$8.2K −$2.43/SF
NOI
$24.6K $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%
$491,260
Cap Rate 7%
$350,900
Cap Rate 9%
$272,922
Alternative Uses
Best Use
Specialty Retail
$350.9K
$307.0K – $409.4K
NOI $24,563 @ 7.0% cap · market cap 4.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$632.4K
$553.3K – $737.8K
NOI $44,265 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
167
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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A converted former office features commercial kitchen ventilation and electronic signage.
Where is this conventional restaurant located?
The property is located at N2723 County Road Qq Waupaca, WI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 3,376‑square‑foot restaurant property; Renovated from former bank office space; Commercial kitchen ventilation system
