Building Details

Year Built 1940

Listing Agency: Keller Williams Realty-Milwaukee Southwest

Listed By: Amy L Ryback Show Phone

Source: Nikolicgroup

Added: Jul 28 Changed: Oct 10 Last Checked: Oct 16 at 11:34AM

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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 Keller Williams Realty-Milwaukee Southwest

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Investment Insights

Based on property information with market context.

This furnished bar property includes 4,233 square feet on 3.3 acres and is equipped with existing furniture, fixtures, and equipment. The improvements date to 1940 and include a bar and hall, with updates including a 2021 stage and DJ booth, 2024 exterior work, air conditioning and a furnace for the hall, plus 2023 sump pump components and a furnace below the bar.

Outdoor features include volleyball and horseshoes, while a river crosses the property. Seasonal activity is tied to the nearby snowmobile trail in winter and ATV trail access in summer, including a stop on the ATV Run. The acreage also provides room for additional outdoor uses, including the potential for campsites as described in the property information.

Key Highlights

• 4,233‑square‑foot bar property on 3.3 acres
• Furniture, fixtures, and equipment included
• River crosses the property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,798

Cap Rate

8.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$615,960 $616.0K

Cap Rate 7%

$439,971 $440.0K

Cap Rate 9%

$342,200 $342.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,233 SF

Gross rent

$42.2K $9.96/SF

− Vacancy

−$1.1K −$0.26/SF

EGI

$41.1K $9.70/SF

− OpEx

−$10.3K −$2.43/SF

NOI

$30.8K $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%

$615,960

Cap Rate 7%

$439,971

Cap Rate 9%

$342,200

Alternative Uses

Best Use

Specialty Retail

$440.0K

$385.0K – $513.3K (±1% cap)

NOI $30,798 @ 7.0% cap · market cap 8.93%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$792.9K

$693.8K – $925.0K (±1% cap)

NOI $55,502 @ 7.0% cap · market cap 16.09%

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

Property Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Building Supply

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

5

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 54950, WI

3,086

Population

1,357

Households

2.3

Avg Household Size

44

Median Age

12%

College-Educated

90%

High-School Grad

81.8 sq mi

ZIP Area

38

Density / Sq Mi

$65,815

Median Household Income

$41,875

Median Earnings

$732

Median Rent

$151,900

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

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Frequently Asked Questions

What type of property is this?

Bar & Pub - Furnished bar property with outdoor recreation features and seasonal access from nearby snowmobile and ATV trails.

Where is this bar & pub located?

The property is located at N4889 County Road D - Marion, WI.

What is the asking price?

The asking price for this property is $344,900.

What are key features of this property?

This property features: 4,233‑square‑foot bar property on 3.3 acres; Furniture, fixtures, and equipment included; River crosses the property