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Property profile & analytics
FOR SALE
Commercial real estate

51 Water St Markesan, WI 53946-8586

0.19 ac lot
Individually Owned ~ Est. High Equity
Property ID
US92-3152093
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.19 ac (8,494 SF)
APN 251-00037-0100
UPID US92-3152093
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
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k
Owner & transaction history
David Haase
David Haase
since 2025
Last sale
$185,000
3 recorded transactions
2025
$185,000
2009
Price N/A
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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