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    223 Watson St Ripon, WI 54971

    For Sale
    $299,000

    Historic Charm, Endless Potential

    Property size:
    1,500 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional offering presents two adjacent commercial buildings totaling 1,500 square feet on a 0.15-acre lot in the heart of downtown Ripon, Wisconsin. Located at 223 Watson Street, these properties boast undeniable character and charm, previously housing the Knuth Brewing Company. The buildings feature gleaming hardwood floors, large windows, and impressive tin ceilings, creating a unique and inviting atmosphere. Each building includes a separate 2-bedroom, 1-bathroom apartment above the retail space, offering additional income potential. The versatile retail space is ideal for a variety of businesses, from a sophisticated restaurant or bakery to a trendy coffee shop or boutique. The prime downtown location ensures high visibility and accessibility. This is a rare opportunity to acquire two historically significant properties with significant upside. The buildings are available for purchase together or individually, providing flexibility for potential investors. The rich history and prime location make this a truly exceptional investment opportunity in a thriving Midwest community. The buildings' unique architectural details and spacious layout offer a blank canvas for a creative entrepreneur to establish a thriving business. The residential units above provide a valuable supplemental income stream, further enhancing the overall return on investment. Don't miss this chance to own a piece of Ripon's history and secure a promising future.

    Property Features for 223 Watson St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,500 SF
    Lot Size
    6,534 SF

    Building Details

    Year Built
    1885
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ripon
    County
    FOND DU LAC
    State
    Wisconsin
    Longitude
    -88.83853
    Latitude
    43.84463

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Charm, Endless Potential
    Where is this commercial real estate located?
    The property is located at 223 Watson St Ripon, WI.
    What is the asking price?
    The asking price for this property is $299,000.
    (608) 733-7760
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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
    223 Watson St Ripon, WI 54971
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