Freestanding Restaurant and
N88W16495 Main St Menomonee Falls, WI 53051
For Sale
Contact for pricing
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 Market126
Property Features for N88W16495 Main St
General Information
- Standard status
- Active
- Size
- 3,180 SF
- Lot size
- 0.25 Acres
- Property subtype
- Retail
Listing Agency:
Colliers - Milwaukee, Wisconsin
(414) 273-0880
Listed By:
John Kardelis · License #WI 94-47887
Source:
Crexi
Added: Mar 20
Changed: Jul 23
Last Checked: Jul 23 at 11:11AM
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
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 For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.4k | $30.00 |
| − Vacancy | −$3.4k | −$1.08 |
| EGI | $92.0k | $28.92 |
| − OpEx | −$23.0k | −$7.23 |
| NOI | $69.0k | $21.69 |
3,180 SF · lease $30.00/SF/yr · vacancy 3.60% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
A. J. O'Brady's Irish ...
Bar & Pub
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
FAQs
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
