231 7th St Neillsville, WI 54456-1554
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.
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
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.