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Property profile & analytics
OFF-MARKET
Commercial real estate

231 7th St Neillsville, WI 54456-1554

0.06 ac lot
Entity Owned 1-yr Hold Free & Clear
Property ID
US92-3040056
Property summary
AI-generated overview

This thriving bar, "The Green Lantern," presents a fantastic lease opportunity in the heart of Neillsville, Wisconsin. Located at 231 W 7th St, 54456, this single-tenant establishment boasts 1,150 square feet of space on the main floor, perfect for a bustling bar scene. The inviting atmosphere is enhanced by amenities including a pool table, dart machine, and multiple flat-screen TVs, catering to a variety of entertainment preferences. With seating for up to 50 guests, it's ideal for both intimate gatherings and larger community events. A convenient kitchen area, tucked away behind the bar, allows for easy preparation of snacks and light fare. The property also includes a full basement, providing ample storage and additional operational space, a significant advantage for an owner-operator. Situated on a 0.6-acre lot, this well-established bar enjoys a loyal local following, ensuring a consistent customer base. This affordable lease presents a unique chance to own and operate a beloved community hub in a vibrant small town setting. The property is a single-tenant restaurant/bar. The location offers easy access and visibility within Neillsville. This turnkey operation is ready for a new owner to continue its success and build upon its existing strong reputation. Don't miss this exceptional opportunity to become part of the Neillsville community.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.06 ac (2,614 SF)
APN 261.0003.000
UPID US92-3040056
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
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
Slp Center LLC · 1 yrs held
Slp Center LLC
since 2024
Last sale
$89,900
4 recorded transactions
2024
$89,900
2024
Price N/A
2023
$87,000
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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