Freestanding Restaurant and
For Sale
Contact for pricing
N88W16495 Main St, Menomonee Falls, WI 53051
Freestanding restaurant and bar building with a second-floor residential unit and on-site parking.
Property Size3,180 SF
Lot Size0.25 Acres
Price / SF$290.88
Days on Market217
Property Features for N88W16495 Main St
General Information
Standard status
Active
Size
3,180 SF
Total Parking Spaces
80
Lot size
0.25 Acres
Property subtype
Retail
Zoning
PD - Main Street Sub-District
Lease Type
NNN
Additional Details
Multifamily Units
1
Building Details
Stories
2
Listing Agency:
Colliers - Milwaukee, Wisconsin
Listed By:
John Kardelis · License #WI 94-47887
(414) 278-6845
Source:
Crexi
Added: Mar 20
Changed: Oct 16
Last Checked: Oct 20 at 8:27PM
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 Colliers - Milwaukee, Wisconsin
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Investment Insights
Based on property information with market context.
This freestanding former bar/restaurant building is available for sale and includes a restaurant and bar space with a welcoming storefront. The property also has room for outdoor seating and features a residential unit on the second floor, providing flexible options for an owner-operator or additional income. The building sits on a 0.25-acre site.
Located in the heart of downtown Menomonee Falls along Main Street’s historic commercial corridor, the property benefits from visibility and convenient access to nearby municipal parking. On-site parking is also included.
The offering is designed for a hospitality or entertainment user, with an existing mixed-use setup that combines street-level dining with second-floor living space.
Located in the heart of downtown Menomonee Falls along Main Street’s historic commercial corridor, the property benefits from visibility and convenient access to nearby municipal parking. On-site parking is also included.
The offering is designed for a hospitality or entertainment user, with an existing mixed-use setup that combines street-level dining with second-floor living space.
Key Highlights
- Freestanding bar/restaurant building with 3,180 SF on a 0.25‑acre site in downtown Menomonee Falls
- Second‑floor residential unit included, offering on‑site living or additional income potential
- Main Street storefront with outdoor seating space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,974
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,379,480
$1.4M
Cap Rate 7%
$985,343
$985.3K
Cap Rate 9%
$766,378
$766.4K
Market Conditions
NOI Build-Up for 3,180 SF
Gross rent
$95.4K $30.00/SF
− Vacancy
−$3.4K −$1.08/SF
EGI
$92.0K $28.92/SF
− OpEx
−$23.0K −$7.23/SF
NOI
$69.0K $21.69/SF
Area
Waukesha County, WI
Vacancy
3.60%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,379,480
Cap Rate 7%
$985,343
Cap Rate 9%
$766,378
Alternative Uses
Best Use
Specialty Retail
$985.3K
$862.2K – $1.15M
NOI $68,974 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.62M
$1.42M – $1.89M
NOI $113,609 @ 7.0% cap · market cap 12.28%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
68k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 96%
Dining 2%
Beauty & Spa 2%
Kwik Trip
Shops & Services
55,872 visits/mo
0.3 miles
Associated Bank
Shops & Services
4,098 visits/mo
0.2 miles
AutoZone
Shops & Services
3,415 visits/mo
0.2 miles
Oil Changers
Shops & Services
1,516 visits/mo
0.1 miles
Toppers Pizza
Dining
1,463 visits/mo
0.3 miles
Demographics for 53051, WI
38,562
Population
16,972
Households
2.3
Avg Household Size
44
Median Age
49%
College-Educated
96%
High-School Grad
33.3 sq mi
ZIP Area
1,158
Density / Sq Mi
$98,423
Median Household Income
$60,331
Median Earnings
$1,257
Median Rent
$341,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Gamroths junction — N83w15701 Appleton Ave, Menomonee Falls, WI 53051
- Olive Garden Italian Restaurant — N 91, W15848 Falls Pkwy, Menomonee Falls, WI 53051
Frequently Asked Questions
What type of property is this?
Bar & Pub - Freestanding restaurant and bar building with a second-floor residential unit and on-site parking.
Where is this bar & pub located?
The property is located at N88W16495 Main St Menomonee Falls, WI.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Freestanding bar/restaurant building with 3,180 SF on a 0.25‑acre site in downtown Menomonee Falls; Second‑floor residential unit included, offering on‑site living or additional income potential; Main Street storefront with outdoor seating space
