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Property profile & analytics
FOR SALE
Commercial real estate

185 E Main St Gilman, WI 54433

0.15 ac lot
Individually Owned Free & Clear
Property ID
US92-1402950
Property summary
AI-generated overview

This exceptional commercial property at 185 E MAIN STREET, Gilman, WI presents a rare opportunity to acquire a thriving bar and restaurant with convenient attached living space. The 2,852 square foot building sits on a 0.15-acre lot in the heart of downtown Gilman, offering high visibility and easy access. The Grand Central Station Bar and Grill is fully operational and includes a well-equipped commercial kitchen, ready to serve patrons. A spacious bar area flows seamlessly into a comfortable dining section, creating a welcoming atmosphere for guests. The outdoor beer garden provides additional seating and ambiance, perfect for warmer months. Above the bustling business, a move-in ready residential unit awaits. This 2-bedroom, 1-bathroom apartment offers comfortable living quarters, ideal for the owner-operator. Alternatively, this space presents a lucrative opportunity to generate additional rental income. The property is priced at $210,000 and represents a turnkey business opportunity with significant potential for growth and profitability. This is a unique chance to own a well-established business with the added convenience of on-site living. The property is offered as-is. Contact us today to schedule a viewing and explore this exciting investment prospect.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.15 ac (6,534 SF)
APN 131-00119-0000
UPID US92-1402950
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
  • Grand Central Station Bar and Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Bornheimer Deanna
Bornheimer Deanna
since 2026
2 recorded transactions
2026
Price N/A
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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