Building Details

Year built 1940

Architectural style Other

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

Listed By: Amy Ryback Show Phone

Added: Oct 1 Last Checked: Oct 6 at 10:06PM

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MLS# 1982980

Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1940, this 4,233-square-foot bar property sits on 3.3 acres. The bar includes furniture, fixtures, and equipment. Outdoor amenities include volleyball and horseshoes, and a river crosses the rear portion of the property.

Snowmobile and ATV trails provide seasonal recreational context, including an ATV Run stop. Recorded improvements include a stage and DJ booth in 2021, plus sump pump components and a furnace below the bar in 2023.

Key Highlights

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

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

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.

Property Analytics

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Current Use

Bars & Pubs

Location Intelligence

Trade Area within ½ mile

10

Businesses Nearby

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this bars & pubs located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Bar & Pub - The 3.3-acre parcel includes outdoor volleyball and horseshoe areas, with a river running through the rear.

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