Property profile

124 Chicago St Oconto, WI 54153

OFF-MARKET
Commercial real estate
Property ID
US92-1435539
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional turnkey commercial property in Oconto, WI, presents a rare opportunity. The 2,886 square foot building sits on a 0.33-acre lot and boasts a long history of successful operation under the same ownership for over 44 years. The property includes a well-maintained restaurant featuring a recently updated kitchen with new appliances, a beautiful wooden bar, and a spacious 10x40 walk-in cooler. Recent renovations encompass siding, windows, plumbing, and flooring, ensuring the building is in excellent condition. The restaurant's clean and inviting atmosphere contributes to its established success. Above the commercial space, a comfortable 3-bedroom, 1-bathroom living area offers a living room, dining area, and a full kitchen, providing convenient living quarters. Outdoor amenities include a back patio and deck, perfect for outdoor seating. A substantial 32x40 steel-sided and -roofed garage with four or more stalls offers ample storage space. The sale includes most equipment, making this a truly turnkey operation with significant potential for continued success or adaptation to new ventures. This is a unique opportunity to acquire an established business with significant upside.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 26531191651821
UPID US92-1435539

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

124 Chicago St Oconto, WI 54153-1948
Oconto metro Census 101000 GREEN BAY, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
$355k

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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