Bought with Realty Executives Cooper Spransy
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200 & 204 W Main Street Waunakee, WI 53597
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Key Details
Sold Price $715,000
Property Type Commercial
Sub Type Retail,Office,Service,Restaurant/Supper Club,Apartment building
Listing Status Sold
Purchase Type For Sale
Square Footage 6,656 sqft
Price per Sqft $107
MLS Listing ID 2004548
Year Built 1910
Annual Tax Amount $10,187
Tax Year 2024
Lot Size 10,890 Sqft
Property Sub-Type Retail,Office,Service,Restaurant/Supper Club,Apartment building
Property Description
Pro Forma $73,497 NOI & 9.8% Cap Rate based on $90,118 Projected Annual Gross Rent. This standout mixed-use property features two adjoining buildings totalling 6,656 sqft, with updated apartment units above & flexible commercial suites below. The 200 Building apts have seen numerous upgrades, including new flooring, blinds, paint, countertops, & more. The freshly cleaned commercial spaces in the 204 Building offer excellent street visibility, ideal for retail, service, or even a restaurant concept. With a recently replaced asphalt parking lot, improved landscaping, new garage door, & main gas line upgrades, this property is well-positioned for both owner-occupants & investors seeking immediate income & long-term upside. This is a rare opportunity to own a core piece of downtown Waunakee!
Location
State WI
County Dane
Area Waunakee - V
Zoning C-1D
Interior
Heating Radiant, Central air, Other, Wall AC
Cooling Radiant, Central air, Other, Wall AC
Exterior
Parking Features 6-10 spaces, Onsite, Paved
Roof Type All flat,Other,Rubber/membrane
Building
Story 2
Water Municipal water, Municipal sewer
Structure Type Wood,Brick,Steel,Stucco,Other
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This information, provided by seller, listing broker, and other parties, may not have been verified.
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