Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2 Acres W Blackhawk Drive Fort Atkinson, WI 53538

    View on Map
    For Sale
    Under Contract
    $115,000

    City - Fort Atkinson, WI

    Lot size:
    2.00 Acres
    Added:
    Feb 9, 2026
    Days on Market:
    51
    Last Refresh:
    Apr 1 at 1:06 pm

    Property Features for 2 Acres W Blackhawk Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    res
    Exterior features
    Shed
    Standard status
    Active Under Contract
    APN
    226-0614-3314-002
    Lot size
    2.00 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    1305

    Building Details

    Architectural style
    Other
    Additional Structures
    Packing Shed, Shed(s)

    We can help!

    Listing Contact
    Randy Johnson
    Randy Johnson

    Listing agent Randy Johnson

    Listing office Century 21 Affiliated 695 S Grand Ave Ste 205, Madison, WI

    Listing date Feb 9, 2026

    MLS# 2011556 Listing URL

    Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land in Fort Atkinson, WI

    This 2-acre lot, zoned for residential use, is located in Fort Atkinson, WI. The property presents opportunities for building a new home. A pole barn is situated on the north end of the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Atkinson
    County
    Jefferson
    State
    Wisconsin
    Longitude
    -88.8397335
    Latitude
    42.9444098

    Nearby Similar for Sale

    • $449,000

      Retail Opportunity in Fort Atkinson

      High-visibility retail space on a main road into downtown.
      313 Madison Avenue, Fort Atkinson, WI 53538
      View Details
    • $560,000

      Established Restaurant and Bar Opportunity

      Turn-key restaurant and bar with apartment in Fort Atkinson, WI.
      217 & 219 S Main Street, Fort Atkinson, WI 53538
      View Details
    • $210,000

      Well-Maintained Fort Atkinson Duplex

      Two-story duplex ideal for homeowners or investors in Fort Atkinson.
      333 Robert Street, Fort Atkinson, WI 53538
      View Details
    • $695,000

      Fort Atkinson Retail/Office/Restaurant Property

      Fully rented property on high-traffic street with ample parking.
      301-303-305-307 Madison Avenue, Fort Atkinson, WI 53538
      View Details
    • $1,195,000
      12,953 SF

      Riverfront Commercial Property on Main

      Three buildings with retail, restaurant, and bar spaces.
      88, 9096 South Main Street, Fort Atkinson, WI 53538
      View Details
    • $209,900

      Lakefront Lot with Sunset Views

      Lake Koshkonong lot with 112 ft of frontage.
      N557 N Cowpath Lane, Fort Atkinson, WI 53538
      View Details
    • $1,195,000
      12,953 SF

      Riverfront Commercial Property on Main

      Three buildings with restaurant, bar, and retail spaces.
      88-96 S Main St, Fort Atkinson, WI
      View Details
    • $799,000
      37,739 SF

      Industrial Building in Fort Atkinson

      37,739 SF industrial building on 2.92 acres for sale.
      633 W Hilltop TRAIL #637 Fort Atkinson, WI 53538
      View Details
    • $109,000

      Residential Land in Quiet Subdivision

      Corner lot near school, suitable for duplex or single-family home.
      Lt40 Montclair Pl, Fort Atkinson, WI 53538
      View Details
    • $1,295,000
      18,000 SF

      Medical Building For Sale

      Large medical building with multiple exam and office rooms.
      512 Wilcox St, Fort Atkinson, WI 53538
      View Details
    • $2,499,000
      19,215 SF

      Modern Office Building Overlooking River

      Office building with river views and flexible spaces for lease.
      47 S Water St W, Fort Atkinson, WI 53538
      View Details
    • $185,600

      9.28 Acre Commercial Land Parcel

      Commercial land parcel in Robert L. Klement Business Park.
      Lot #6 Commerce Parkway, Fort Atkinson, WI 53538
      View Details

    FAQs

    What type of property is this?
    Land - Two-acre lot suitable for residential development with existing pole barn.
    Where is this land located?
    The property is located at 2 Acres W Blackhawk Drive Fort Atkinson, WI.
    What is the asking price?
    The asking price for this property is $115,000.
    What are key features of this property?
    This property features: 2 acre lot offering ample space.; Pole barn on the north end of the property.; Perfect location for new home.
    (608) 604-3061
    We can help!
    Listing Contact
    Randy Johnson
    Randy Johnson
    Real Estate License ID: 71250-94
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!