Restaurant with Studio
For Sale
$475,000
N416 Twinkling Star Rd, Whitewater, WI 53190
Renovated dining and bar space includes a commercial kitchen and a studio apartment on the upper level.
Property Size2,750 SF
Lot Size2.00 Acres
Price / SF$172.73
Days on Market64
Property Features for N416 Twinkling Star Rd
General Information
Standard status
Active
Size
2,750 SF
Total Parking Spaces
40
Lot size
2.00 Acres
Property subtype
Commercial
Zoning
Business
Restaurant
Commercial Hood
Yes
Patio
Yes
Taxes and HOA fees
Annual Taxes
$2,974
Amenities
studio apartment
2-car garage with workshop
car port
lawn space with stage
Building Details
Building Size
2,750 SF
Year Built
1931
Listing Agency:
Realty Experts
(414) 899-8146
Listed By:
Tim Horigan
(414) 217-7122
Source:
Hiblsrealestate
Added: Aug 27
Changed: Oct 27
Last Checked: Oct 27 at 3:23AM
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 Realty Experts
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Investment Insights
Based on property information with market context.
This 2,750-square-foot restaurant property, built in 1931, occupies 2 acres and includes a bar, dining room, and commercial kitchen. Kitchen improvements include new freezers, refrigerators, fryers, sinks, prep tables, dishwashers, and exhaust equipment; the flattop range has been refurbished, as has the walk-in cooler. The property also contains an upper-level studio apartment, two decks, a fenced yard, and a lawn with a stage. New roofs were installed as part of a renovation throughout the property.
A large deck with a bar provides additional outdoor seating. Other site improvements include a 2-car garage with workshop space and a carport. The property is zoned Business.
A large deck with a bar provides additional outdoor seating. Other site improvements include a 2-car garage with workshop space and a carport. The property is zoned Business.
Key Highlights
- 2 acres with a 2,750‑square‑foot restaurant property
- Renovated restaurant includes bar, dining room, and commercial kitchen
- Upper‑level studio apartment with fenced yard and 2‑level deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,150
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,000
$743.0K
Cap Rate 7%
$530,714
$530.7K
Cap Rate 9%
$412,778
$412.8K
Market Conditions
NOI Build-Up for 2,750 SF
Gross rent
$52.1K $18.96/SF
− Vacancy
−$2.6K −$0.95/SF
EGI
$49.5K $18.01/SF
− OpEx
−$12.4K −$4.50/SF
NOI
$37.1K $13.51/SF
Area
Walworth County, WI
Vacancy
5.00%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,000
Cap Rate 7%
$530,714
Cap Rate 9%
$412,778
Alternative Uses
Best Use
Specialty Retail
$530.7K
$464.4K – $619.2K
NOI $37,150 @ 7.0% cap · market cap 7.82%
Second Best
Mixed Use
$487.9K
$426.9K – $569.3K
NOI $34,155 @ 7.0% cap · market cap 7.19%
Theoretical Best
—
—
same as Best Use
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
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Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53190, WI
19,459
Population
8,331
Households
2.3
Avg Household Size
27
Median Age
35%
College-Educated
90%
High-School Grad
130.8 sq mi
ZIP Area
149
Density / Sq Mi
$59,598
Median Household Income
$17,627
Median Earnings
$990
Median Rent
$247,000
Median Home Value
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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?
Conventional restaurant - Renovated dining and bar space includes a commercial kitchen and a studio apartment on the upper level.
Where is this conventional restaurant located?
The property is located at N416 Twinkling Star Rd Whitewater, WI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 2 acres with a 2,750‑square‑foot restaurant property; Renovated restaurant includes bar, dining room, and commercial kitchen; Upper‑level studio apartment with fenced yard and 2‑level deck
