Property profile

2230 Northland Ave Appleton, WI 54911

FOR SALE
Turn key restaurants
Property ID
US92-3412875
4,907 SF 0.94 ac lot Built 2004
Entity Owned 10-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional turnkey restaurant opportunity is located in North Appleton, strategically positioned between Highway 41 and Ballard Road, ensuring high visibility and accessibility. The property boasts a substantial 3,806 square feet of space, perfectly suited for continued restaurant operations or adaptable to a variety of other commercial uses. The building sits on a sizable 0.93-acre lot, offering ample parking and potential for outdoor seating or expansion. Priced at $850,000, this property presents a rare chance to acquire an established business in a prime location. All existing restaurant equipment and infrastructure are included, making this a truly turnkey operation, minimizing start-up costs and maximizing immediate return on investment. The high-traffic area guarantees a steady stream of potential customers, and the location's proximity to major roadways ensures easy access for both employees and patrons. This is an excellent opportunity for an experienced restaurateur looking to establish or expand their business, or for an investor seeking a strong return in a thriving commercial market. The property's size and location offer significant potential for growth and adaptation to future market demands. Serious inquiries are encouraged to explore this exceptional commercial real estate offering.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2004
Total area 4,907 SF
Lot 0.94 ac (40,785 SF)
Zoning code C2
APN 31-1-6640-22
UPID US92-3412875

Cap rate & NOI

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

Location

2230 Northland Ave Appleton, WI 54911
Appleton metro Census 11502 APPLETON, WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$465k
CAP Approach CAP
by Request
Comparable Approach Comparable
$557k
Blend (final) Blend
$465k

Owner & transaction history

since 2016
3 recorded transactions
2016
$530,700
2015
$655,400
2004
$150,000

Zoning & alternative use

C2 · Appleton, WI
Top alternative use upside
Auto repair, garage $685,000 +94.4%
Office building $635,000 +80.5%
Warehouse, storage $545,000 +54.4%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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