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Property profile & analytics

51 Water St Markesan, WI 53946-8586

  • Commercial real estate
  • 0.19 lot acres
OFF-MARKET
Value Estimation
$255,000
Last Sale
Oct 13, 2025
$185,000
Location Intelligence
Property ID
US92-3152093
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 51 Water St

Lot size
0.19 lot acres
Property type
Commercial real estate
APN
251-00037-0100
APU
251000370100

Description

This thriving Markesan, WI diner, located at 51 W Water Street, presents a unique opportunity for an ambitious entrepreneur. Priced at $185,000, this well-established business has been a local favorite for over 19 years, boasting a loyal customer base and daily regulars. The spacious 3,760 square foot building comfortably seats up to 180 patrons, making it ideal for large groups and events. A dedicated back room provides a versatile space for private parties or separate functions, adding to the venue's appeal and revenue potential. The sale includes all existing fixtures and equipment, a comprehensive inventory of which is available upon request. This turnkey operation includes booths, tables, chairs, existing dГ©cor, and a fully equipped commercial kitchen, allowing for immediate commencement of operations. The 0.2-acre lot provides ample space for potential expansion or outdoor seating. This is a chance to acquire a profitable, established business with a strong reputation and loyal clientele in a desirable location. Don't miss this exceptional opportunity to own a piece of Markesan's culinary history.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $255,000
  • CAP approach

    CAP return
    Estimation
    6%
    $275,000
    6.5%
    $255,000
    7%
    $240,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $300,000
    Geo Method
    $260,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $260,000
    Retail
    $255,000
    Mixed-Use
    $240,000
    Hospitality
    $215,000
    Educational
    $240,000
    Residential Income
    $265,000
    Energy
    $240,000
    Income-Based Land
    $280,000
    Food Service
    $230,000

Location Insight

  • Map
  • Local Demand
City
Markesan
County
Green Lake
State
Wisconsin
Longitude
-88.9884
Latitude
43.7068

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,343
$16,200
$152,800
$169,000
-
$18,773
$177,065
$195,838
More about this property
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