165 Main St Sullivan, WI 53178-9699
This exceptional 4,969 square foot commercial building, situated on a 0.33-acre lot at 165 Main Street in Sullivan, Wisconsin, presents a remarkable investment opportunity. The property boasts brand new luxury vinyl plank (LVP) flooring throughout, creating a modern and inviting atmosphere. Its spacious interior comfortably accommodates 100 guests, complemented by an expansive outdoor deck with seating for an additional 60. Convenient on-site parking is provided with 24 designated spots. The building's substantial size offers significant expansion potential, with the unfinished basement presenting an ideal space for development, such as a speakeasy bar or private party room. Two bathrooms are already in place. Recent upgrades include new HVAC systems and walk-in coolers, enhancing operational efficiency and profitability. Further contributing to revenue streams are existing video poker machines. The property's strategic location near popular bike trails and ATV/snowmobile trails ensures year-round appeal, attracting a diverse clientele. The seller is offering attractive financing options, making this a truly accessible and compelling acquisition. This turnkey operation is ready for a new owner to step in and continue its success.
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Sullivan Saloon Bar & Pub
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Sullivan Family Salon Hair Salon Nail Salon
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.