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Property profile & analytics
OFF-MARKET Estimated value $265,000
Commercial real estate

1219 Main St Gresham, WI 54128-9560

0.16 ac lot
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US92-1228471
Property summary
AI-generated overview

This exceptional commercial property located at 1219 Main Street, Gresham, Wisconsin, presents a unique investment opportunity. The 5,714 square foot building sits on a 0.16-acre lot and is currently operating as a successful bar and tavern. The property includes all restaurant and bar equipment, making this a truly turnkey operation. The spacious interior offers ample seating, ideal for a sports bar or live entertainment venue. An outdoor deck provides additional seating and caters to outdoor enthusiasts, conveniently located on a snowmobile trail. The property also features spacious living quarters above, offering potential for owner occupancy or rental income. An additional volleyball lot is available, adding further value and potential revenue streams. This is the only establishment in the area offering both food and alcohol service, ensuring a strong competitive advantage. Its proximity to casinos and various recreational activities, including a local fishing hotspot, further enhances its appeal and potential for growth. The asking price for this thriving business and its accompanying real estate is $155,000. This is a rare opportunity to acquire an established and profitable commercial property in a desirable location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.16 ac (6,970 SF)
APN 131401000010
UPID US92-1228471
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sassy's Bad Habit Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k
Owner & transaction history
B & S Bar INC · 13 yrs held
B & S Bar INC
since 2013
2 recorded transactions
2013
$225,000
2007
$235,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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