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    520 Water St Princeton, WI 54968

    For Sale
    $305,000

    Versatile Historic Building, Prime Location

    Property size:
    3,300 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional two-story property at 520 W Water STREET Unit 522, Princeton, WI, presents a unique investment opportunity in a prime downtown location. Adjacent to the renowned Parlor Hotel, this 3,300 square foot building sits on a 0.07-acre lot and offers incredible versatility for a variety of uses. The upper level boasts a beautifully remodeled two-bedroom, two-bathroom apartment complete with custom built-ins, a private sun deck, and dedicated alley parking. This residential space is currently rented and the tenant is interested in extending their lease. The lower level provides a spacious commercial or retail area, ideal for a variety of businesses. Features include oversized windows, high ceilings, a half-bath, a separate office, and a kitchenette. The building's unique character is further enhanced by an existing recording studio and vaulted skylights. The property's central location, combined with its attractive residential and commercial spaces, makes it an exceptional opportunity for an owner-occupant or investor seeking a strong return. The current rental income stream adds to the property's overall value and potential. This is a rare chance to acquire a historic building with significant potential in the heart of Princeton's vibrant downtown area. The asking price is $305,000.

    Property Features for 520 Water St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,300 SF
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1900
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Nail Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Princeton
    County
    GREEN LAKE
    State
    Wisconsin
    Longitude
    -89.12988
    Latitude
    43.85017

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile Historic Building, Prime Location
    Where is this commercial real estate located?
    The property is located at 520 Water St Princeton, WI.
    What is the asking price?
    The asking price for this property is $305,000.
    (920) 294-4747
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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
    520 Water St Princeton, WI 54968
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