Property profile

N1865 Municipal Dr Greenville, WI 54942

OFF-MARKET
Retail properties & Spaces
5,108 SF 0.26 ac lot
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Property summary

AI-generated overview

This exceptional 5,108 square foot, two-story retail property in Greenville, Wisconsin, presents a unique investment opportunity. Located at N1865 Municipal Drive, this historic building boasts a fully operational bar and restaurant with a transferable liquor license. Fixtures, furniture, and equipment are negotiable. The upper level features a spacious ballroom complete with a bar and stage, perfect for events. A large deck wraps around the building, offering ample outdoor space. The property's convenient location is less than half a mile from Highway 15 and within five miles of Interstate 41, ensuring high visibility and accessibility. Significant recent upgrades include a new HVAC system for the second floor (2023), two new freezers (2022), and the replacement of all bar coolers in 2021. The kitchen is equipped with a 14-foot stove hood (installed in 2000), and the building benefits from a robust 400 AMP electrical system. The property sits on a 0.26-acre lot (APN: 111033100) and has a seating capacity of approximately 130 on each floor. Asking price is $480,000 ($93.97/sq ft). This turnkey operation is ready for a new owner to step in and continue its success.

Property profile

Verified
Property type Retail properties & Spaces
Total area 5,108 SF
Lot 0.26 ac (11,326 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub

Location

N1865 Municipal Dr Greenville, WI 54942
Greenville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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