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    720 N Wisconsin St Elkhorn, WI 53121

    New
    For Sale
    $1,659,000

    Retail - Elkhorn, WI

    Type:Retail
    Property size:
    13,702 SF
    Lot size:
    3.57 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 5 at 10:06 am

    Property Features for 720 N Wisconsin St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    B-2
    APN
    YU NW 00003
    Interior features
    Carpeting, Fixtures, Furniture, Office(s), Paneling, Rest Rooms, Security Equipment
    Exterior features
    Loading Dock, Outside Storage
    Size
    13,702 SF
    Lot size
    3.57 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1963
    Floors in Building
    1
    Building materials
    Steel Siding
    Roof type
    Metal, Rubber
    Architectural style
    Other
    Additional Structures
    Storage

    RE/MAX PLAZA, Lake Geneva (262) 249-5900 [email protected]

    Listing agent Sean Levitt (262) 249-5900 License #58425-90

    Listing date Dec 1, 2025

    MLS# 1918869 Listing URL

    Copyright © 2025 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Elkhorn Retail Redevelopment Opportunity

    This commercial property in Elkhorn, WI, offers a redevelopment opportunity. The building, formerly a restaurant and banquet hall, has 13,702 square feet of space on a 3.57-acre lot. The interior includes a bar, a dining room, and a banquet space that can accommodate 350 people and has a separate entrance. The property is zoned B-2 and has 197 parking spaces and a partial basement. It is located on high-traffic Highway 67 near Highway 12.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sperino's Monte Carlo ... Banquet Hall Sperino's Pizza Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkhorn
    County
    Walworth
    State
    Wisconsin
    Longitude
    -88.543425
    Latitude
    42.684088

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    FAQs

    What type of property is this?
    Restaurant - 13,702 SF commercial property on 3.57 acres in Elkhorn.
    Where is this restaurant located?
    The property is located at 720 N Wisconsin St Elkhorn, WI.
    What is the asking price?
    The asking price for this property is $1,659,000.
    What are key features of this property?
    This property features: - High-traffic location on Hwy 67 near Hwy 12; - Large 13,702 sq ft building on 3.57 acres; - B-2 zoning allows for redevelopment opportunities
    (262) 249-5900
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    Elkhorn, WI 53121
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    Realmo Value Estimation

    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.

    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.

    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
    720 N Wisconsin St Elkhorn, WI 53121
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