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

    Lt20 Springfield Rd Lake Geneva, WI 53147

    View on Map
    Claim this Listing
    For Sale
    $295,000

    Vacant Land - Lake Geneva, WI

    Lot size:
    5.01 Acres
    Added:
    Jul 11, 2024
    Days on Market:
    659
    Last Refresh:
    Apr 30 at 11:06 pm

    Property Features for Lt20 Springfield Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-2, C-2
    Standard status
    Active
    APN
    JRG 00020
    Lot size
    5.01 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1546

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lake Geneva Area Realty Team*

    Listing agent Lake Geneva Area Realty Team* License #65208-94

    Listing office Lake Geneva Area Realty, Inc. 101 Broad St, Suite 207, Lake Geneva, WI 53147, Lake Geneva, WI

    Listing date Jul 11, 2024

    MLS# 1882987 Listing URL

    Copyright © 2026 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

    Land Near Lake Geneva

    This 5.01-acre property offers a countryside setting near Lake Como and a short drive from Geneva Lake and Downtown Lake Geneva. The land provides a natural environment with wildlife and views of sunrises and sunsets. Zoned A-2 and C-2, the expansive land is suitable for building a country estate home and allows for up to two horses, making it ideal for horse enthusiasts. A tree line along Hwy H can provide additional privacy. The property offers rural living with convenient commuting options. Additional adjacent land is available for purchase.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Gym & Fitness Center Food Market Grocery & Convenience Store Auto Parts Store Bar & Pub Travel Agency Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Geneva
    County
    Walworth
    State
    Wisconsin
    Longitude
    -88.476299
    Latitude
    42.617075

    Nearby Similar for Sale

    • $679,000

      Lake Geneva Vacant Land

      7.94 acre residential lot with pond views near Lake Geneva.
      Lt24 Trinity Ln, Lake Geneva, WI 53147
      View Details
    • $5,900,000
      19,000 SF

      Rare Downtown Lake Geneva Commercial Space

      19,000 SF commercial building in downtown Lake Geneva for sale.
      846 W Main St, Lake Geneva, WI 53147
      View Details
    • $70,000

      Lake Geneva Vacant Land Homesite

      Homesite in Geneva National gated community with resort-style amenities.
      660 Legend Dr, Lake Geneva, WI 53147
      View Details
    • $99,000

      Lake Geneva Residential Land Opportunity

      Residential land for sale near Lake Geneva with conservancy access.
      Lt30 Moelter Dr, Lake Geneva, WI 53147
      View Details
    • $329,900

      5.29-Acre Homesite Near Lake Geneva

      5.29-acre homesite with utilities in a peaceful country setting.
      Lt2 Highfield Dr, Lake Geneva, WI 53147
      View Details
    • $975,000

      Lake Geneva Vacant Land Opportunity

      4.98 acres of vacant land near Geneva Lake.
      W4447 Laurel St, Lake Geneva, WI 53147
      View Details
    • $299,000

      Lake Geneva Vacant Residential Land

      1.12 acre lot in exclusive Lakeview Glen subdivision.
      Lt10 Lakeview Glen Dr, Lake Geneva, WI 53147
      View Details
    • $225,000

      Lake Geneva Land Opportunity

      Large lot near Lake Geneva and Williams Bay.
      W4544 Highway 50 -, Lake Geneva, WI 53147
      View Details
    • Contact for pricing

      Leased Retail Space For Sale

      100% leased retail space with highway visibility and access.
      800 N. Edwards Blvd. | Lake Geneva, WI 53147
      View Details
    • Contact for pricing

      New Retail Development Opportunity

      New retail development suitable for retail, office, or medical tenants.
      351 Peller Road | Lake Geneva, WI 53147
      View Details
    • $345,000

      5-Acre Land Near Lake Geneva

      5-acre property near Lake Como and Geneva Lake.
      Lt15 Royal Glen Ct, Lake Geneva, WI 53147
      View Details
    • $459,000

      Commercial Site in Geneva National

      Premium commercial site in established Geneva National business district.
      301 Hunt Club Drive, GENEVA, WI, 53147
      View Details

    FAQs

    What type of property is this?
    Land - 5-acre lot near Lake Geneva, suitable for horses.
    Where is this land located?
    The property is located at Lt20 Springfield Rd Lake Geneva, WI.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: 5‑acre property near Lake Como, Geneva Lake, and Downtown Lake Geneva.; Allows for 2 horses, appealing to horse lovers.; Potential for building a country estate home.
    (262) 249-3000
    We can help!
    Listing Contact
    Lake Geneva Area Realty Team*
    Real Estate License ID: 65208-94
    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!