Back to Search
Waunakee Commercial Space For Sale

107 Baker Waunakee, WI 53597

Claim this Listing
For Sale
$1,500,000

Commercial Sale, Other - Waunakee, WI

Property size:
13,000 SF
Price / SF:
$115/SF
Added:
Aug 26, 2025
Days on Market:
320
Last Refresh:
Jul 11 at 4:06 am

Property Features for 107 Baker

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
13,000 SF

Building Details

Year built
1929
Architectural style
Other

Listing agent Lavant Group License #939107-91,PersonLicenseNumber

Listing office NextHome Strategy 199 Cottage Grove Rd., WI

Listing date Aug 26, 2025

MLS# 2007337 Listing URL

Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

Commercial space is available in downtown Waunakee. The bottom portion of the property is currently leased to a restaurant. The main floor has potential for use as a venue hall or retail space, and some remodeling has been completed. The property encompasses approximately 13,000 square feet across two levels. A spacious office space on the upper level offers additional income potential for a new owner. The seller is open to lease offers. The property is being sold AS IS.

Key Highlights

  • Prime commercial space in downtown Waunakee.
  • Existing restaurant tenant provides immediate income.
  • Potential for venue hall or retail on the main floor.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $195.0k $15.00
− Vacancy −$17.0k −$1.31
EGI $178.0k $13.70
− OpEx −$53.4k −$4.11
NOI $124.6k $9.59
13,000 SF · lease $15.00/SF/yr · vacancy 8.70% · expense 30.00%

Alternative Uses

Best Use
Specialty Retail
$2.37M
$2.08M – $2.77M (±1% cap)
NOI $166,023 @ 7.0% cap · market cap 11.07%
Second Best
Retail
$1.78M
$1.56M – $2.08M (±1% cap)
NOI $124,624 @ 7.0% cap · market cap 8.31%
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M (±1% cap)
NOI $211,465 @ 7.0% cap · market cap 14.10%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Law Firm Real Estate Agency Dental Office Parking Lot & Garage Kitchen & Bath Showroom Bakery Barber Shop Furniture & Home Goods Big Box & Wholesale Store Computer & Electronic Repair

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Retail space - Commercial space in downtown Waunakee with income potential.
Where is this retail space located?
The property is located at 107 Baker Waunakee, WI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Prime commercial space in downtown Waunakee.; Existing restaurant tenant provides immediate income.; Potential for venue hall or retail on the main floor.
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message