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Property profile & analytics
FOR SALE
Commercial real estate

401 Bridge St Cornell, WI 54732

1,248 SF 0.32 ac lot
Individually Owned Absentee Owner Free & Clear
Property ID
US92-1358861
Property summary
AI-generated overview

This exceptional commercial land parcel, located at 401 Bridge Street in Cornell, Wisconsin, presents a unique opportunity for a savvy investor. Spanning 1,472 square feet, this property boasts a rich history as a thriving cafe, restaurant, and ice cream parlor for over three decades. The current owners are retiring after completing a comprehensive remodel in 2019, leaving behind a truly turnkey operation. The extensive renovation included new walk-in freezers and refrigerators, a furnace, air conditioning system, a pavilion, updated windows, and remodeled bathrooms. Included in the sale are a 24x34 pole storage building and a 24x40 pavilion, providing ample storage and outdoor space. Many kitchen items were purchased during the 2019 remodel, ensuring a smooth transition for the new owner. The asking price is $289,000, and the seller is open to discussing seller financing options for qualified buyers. Please note that several pictures and wall decorations, as well as the ice and slushy machines, are not included in the sale. This property is zoned for commercial use and is situated in the vibrant city of Cornell, Wisconsin, zip code 54732. Its prime location and established business history make this an exceptional investment opportunity with significant potential for continued success.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 1,248 SF
Lot 0.32 ac (14,000 SF)
Zoning code COMMERCIAL
APN 23106-1733-6159-1707
UPID US92-1358861
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
  • Sam's Place & Diner Restaurant
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
PHILIP G BEIGHLEY
PHILIP G BEIGHLEY
Zoning & alternative use
COMMERCIAL · Cornell, WI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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