Commercial Kitchen
For Sale
$239,900
N2740 County Road Qq, Waupaca, WI 54981
The building has a licensed commercial-kitchen history and was previously used for bakery operations.
Property Size1,587 SF
Price / SF$151.17
Days on Market122
Property Features for N2740 County Road Qq
General Information
Standard status
Active
Size
1,587 SF
Property subtype
Commercial
Additional Details
Equipment Included
No
Building Details
Building Size
1,587 SF
Listing Agency:
Keller Williams Stevens Point
(920) 903-9031
Listed By:
Bill Tate · License #9476890
(715) 802-3515
Source:
Freedom-choice
Added: Jun 25
Changed: Oct 23
Last Checked: Oct 23 at 5:14PM
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 Stevens Point
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Investment Insights
Based on property information with market context.
This 1,587-square-foot building was previously operated as a bakery and used as a licensed commercial kitchen. The property is offered in as-is condition. Kitchen equipment is excluded from the sale; it belongs to the former tenant and is not covered by the seller’s warranty.
The property is on County Road Qq in Waupaca, Wisconsin, in the Chain O’ Lakes area.
The property is on County Road Qq in Waupaca, Wisconsin, in the Chain O’ Lakes area.
Key Highlights
- 1,587‑square‑foot building
- Previously operated as a bakery and used as a licensed commercial kitchen
- Kitchen equipment is not included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,547
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,940
$230.9K
Cap Rate 7%
$164,957
$165.0K
Cap Rate 9%
$128,300
$128.3K
Market Conditions
NOI Build-Up for 1,587 SF
Gross rent
$15.8K $9.96/SF
− Vacancy
−$411 −$0.26/SF
EGI
$15.4K $9.70/SF
− OpEx
−$3.8K −$2.43/SF
NOI
$11.5K $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%
$230,940
Cap Rate 7%
$164,957
Cap Rate 9%
$128,300
Alternative Uses
Best Use
Specialty Retail
$165.0K
$144.3K – $192.5K
NOI $11,547 @ 7.0% cap · market cap 4.81%
Second Best
Industrial
$133.3K
$116.6K – $155.5K
NOI $9,328 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$297.3K
$260.1K – $346.8K
NOI $20,808 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
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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?
Commercial kitchen - The building has a licensed commercial-kitchen history and was previously used for bakery operations.
Where is this commercial kitchen located?
The property is located at N2740 County Road Qq Waupaca, WI.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: 1,587‑square‑foot building; Previously operated as a bakery and used as a licensed commercial kitchen; Kitchen equipment is not included in the sale
