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26731288
26731290

174 Leonard St S, West Salem, WI 54669

LB
IA B70987000, IL 471.021720 (+2)
ConsumerEquity LLC
KG
IL 475.209732
ConsumerEquity LLC
Listed by ConsumerEquity LLC
$1,000,000
113 days on market
Updated 56 days ago

Mixed Use & Multifamily Bldg | Operational Restaurant

Details
APN 16-00139-001
Property Type Mixed Use
Sub Type Mixed Use
Square Footage 16,932
Net Rentable (SqFt) 2,450
Units 4
Cap Rate 16.00%
Occupancy 75%
Tenancy Multi
Lease Type Gross
Lease Options M2M
Class A
Year Built 1919
Buildings 2
Stories 2
Acreage 0.250
Zoning G2 Commercial
Parking Spaces 20 spaces
Parking Per SqFt 1.18
Investment Type Stabilized
Ground Lease No
Sale Condition For sale by owner

Turn-key business & 16,000+ SF Bldg for sale | 2 Leased Units Up | Multi-family & Mixed-Use Opp

Marketing description

The Westview Property, in the heart of West Salem, WI is prime investment real estate with opportunity to fit any multi-family, restaurant, store-front & mixed-use “Main Street” portfolio. Currently a turn-key Supper Club with attractive financials and 2 leased units on 2nd level, the 16,932 sf building independently appraised at $752K in August 2025. Added income opportunity with adjacent vacant, full kitchen cafe plus addt’l M/W bathrooms, and/or multi-family conversion with 4,732 sf warehouse space on 2nd level. In addition to the business for sale on the main level, there are 2 leased units upstairs, along with plenty of additional unused space.

The operational business also for sale is the Westview Inn - a nostalgic, all-welcoming restaurant with the perfect blend of Midwestern charm and hearty, comforting cuisine. Fully staffed and extremely profitable, the turn-key local gem is proudly one of the last thriving supper clubs in the La Crosse region. Independently owned & operated by the same local family for 25 years it holds true to supper club traditions with great steaks, a standout Friday Fish Fry, anticipated dinner specials, a generous salad bar & Sunday brunch. Homemade old fashioneds at the cozy 360 bar packed with memorabilia & stories, the full experience keeps clientele strong and loyal. With its established foundation, Westview sources locally & hosts community events & luncheons.

Conveys with all business assets, including personal property, sealed food/beverage/liquor, mechanicals, equipment, leases - including tenant and parking lot leases, Tradename & goodwill. Exclusions: non-transferrable licenses, leased equipment and select memorabilia.

Financials available for qualified buyers with executed NDA.

Investment highlights

A turnkey supper club deeply rooted in local, Wisconsin culture & reputation. A venue that balances nostalgic ambiance with forward-looking, efficient operations. A restaurant that strengthens community ties while offering classic culinary traditions.

  • $1,157,181 Valuation [Westview Inn + Real Estate]

  • CAP Rates

    • NOI: $181,717 16% cap [pro-forma]

    • NOI: $219,913 19% cap [2024 operations]

  • Building Appraisal $751,928 [August 2025]

  • Restaurant Valuation methods range: $295K - $520K

  • Financials support thriving 30 yr family-owned restaurant

  • 16,116 sqft above grade + basement storage/liquor cellar

  • 1,600 sqft banquet room

  • 7,000 sqft mixed-use 2nd story with 16" concrete pour

  • 2 rented apartments [M2M]

  • 2nd operable cafe/bldg included in Real Estate

  • Leased parking at $525/yr [Canadian Pacific]

  • Gaming/slots license

Listing Contacts

LB
IA B70987000, IL 471.021720 (+2)
ConsumerEquity LLC
KG
IL 475.209732
ConsumerEquity LLC
Listed by ConsumerEquity LLC

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