1000 S Spring St, Port Washington, WI 53074
COMMERCIAL - Port Washington, WI
- Added:
- Jan 27, 2025
- Days on Market:
- 524
- Last Refresh:
- Jul 5 at 10:06 pm
Property Features for 1000 S Spring St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- APN
- 160400085003
- Size
- 3,240 SF
- Lot size
- 1.41 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 4560
Building Details
- Year built
- 1976
- Architectural style
- Other
Listing agent Brian Altman License #43258-94 (262) 242-8922
Listing office Lannon Stone Realty LLC 1256 Capitol Dr, Bonita Springs, WI (262) 333-4440
Listing date Jan 27, 2025
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.
HighLights
- Built in 1976
- Previously operated as a popular Italian restaurant
- Spancrete floor over a huge basement with walk‑out door
- 1.4‑acre lot with tons of on‑site parking
- Located on a heavily trafficked road into Port Washington
Overview
The property is situated on a heavily trafficked road into Port Washington, providing straightforward visibility and convenient access for customers traveling through the area. Zoning is listed as Commercial, supporting a range of retail-oriented uses, subject to applicable approvals.
This offering can fit tenants and buyers looking for an existing retail structure with basement walkout capability and ample parking on a large lot. It may also appeal to operators considering a redevelopment approach, given the size of the site and the commercial zoning. Prospective users should evaluate the current building condition and configuration for their specific retail plan, or confirm feasibility for any proposed changes through the appropriate local review process.
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 | $61.4k | $18.96 |
| − Vacancy | −$1.6k | −$0.49 |
| EGI | $59.8k | $18.47 |
| − OpEx | −$17.9k | −$5.54 |
| NOI | $41.9k | $12.93 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Port Washington
- County
- Ozaukee
- State
- Wisconsin
- Longitude
- -87.891633
- Latitude
- 43.377011
