Back to Search
Property profile & analytics
FOR SALE
Commercial real estate
229 Center St Wonewoc, WI 53968
Individually Owned
4-yr Hold
Free & Clear
Property ID
US92-2685325
For Sale
1 / 42
Contact for pricing
229 Center St, Wonewoc, WI 53968
View Listing →
Property summary
AI-generated overview
This thriving, turnkey bar and restaurant located at 229 Center Street in downtown Wonewoc, Wisconsin presents a unique investment opportunity. Boasting 7,200 square feet on a 0.08-acre lot, this prime corner location sits on a major highway, ensuring high visibility and accessibility. The property features a fully equipped kitchen, a full-size bar, and ample dining space on the main floor. A recently updated second floor offers versatile space perfect for private parties, gatherings, or live music events, complete with a stage and a second bar. The possibilities for expansion and revenue generation are significant. The basement provides extensive storage, addressing all the operational needs of a busy establishment. The business benefits from an existing meal contract with the ADRC and utilizes a TOAST system for streamlined order processing, payroll, and tax management. This established business is ready for a new owner to step in and continue its success. The asking price is $299,900. This is a rare chance to own your own business in a desirable location with significant existing infrastructure and potential for growth. Don't miss this exceptional opportunity.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.08 ac (3,615 SF)
APN
291910285
UPID
US92-2685325
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
-
R & S Spirits and Lounge Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$130k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$130k
Owner & transaction history
Randy A Freng · 4 yrs held
Randy A Freng
since 2022
Last sale
$135,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wonewoc submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wonewoc submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$130,000
ML approach
$130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$130k
Range $117k – $143k · ±10% · vs last sale $135k (May 6 2022)
Last sale anchor
$135k
May 6 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,815
Tax year 2023
Assessed value
$58,800
Assessed 2023
Previous assessed
$58,800
+0.0% YoY
Effective rate
3.09%
On assessed value
Assessed land
$4,500
Assessed improvement
$54,300
Total market value
$112,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Lot
0.08 ac (3,615 SF)
APN
291910285
UPID
US92-2685325
Jurisdiction
JUNEAU
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Lot
0.08 ac
Current owner
From public records · entity-resolved
Randy A Freng
Individual
Free & Clear · 4 yrs held
Mailing address
PO BOX 222, WONEWOC, WI 53968-0222
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2022
$135,000
Randy A Freng
Bernies Wagon Wheel II LLC
Warranty Deed
—
Jul 30, 2007
$95,000
Bernie's Wagon Wheel II LLC
Bernice Bronk
Deed
—
Jul 5, 2007
$95,000
Bernice Bronk
Darryl Bronk
Deed
related
—
Aug 25, 2005
$95,000
Darryl Bronk
Brad J Luce
Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
