Building Details

Building Size 4,233 SF

Year Built 1940

Listing Agency: Keller Williams Realty-Milwaukee Southwest p***@kw.com Show Phone

Listed By: Amy Ryback Show Phone

Source: Defererealestate

Added: Oct 1 Changed: Oct 29 Last Checked: Oct 26 at 3:53AM

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Investment Insights

Based on property information with market context.

This 4,233-square-foot bar sits on 3.3 acres and includes furniture, fixtures, and equipment. Outdoor amenities include volleyball and horseshoes, while a river crosses the rear of the property. The building dates to 1940 and has Commercial zoning.

Seasonal recreation trails serve as nearby draws, with snowmobile traffic in winter and ATV riders in summer. The property is also identified as a stop on the ATV Run.

Updates include a stage and DJ booth installed in 2021, plus sump pump components and a furnace below the bar added in 2023.

Key Highlights

• 4,233‑square‑foot bar on 3.3 acres
• Furniture, fixtures, and equipment included
• River runs through the rear of 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

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Hair Salon Building Supply Furniture & Home Goods Grocery & Convenience Store Pharmacy Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

79

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 - A furnished bar with included equipment and outdoor volleyball and horseshoe areas.

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 on 3.3 acres; Furniture, fixtures, and equipment included; River runs through the rear of the property