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    1220 The Strand Waukesha, WI 53186

    For Sale
    $299,900

    Restaurant, Apartment, High Traffic Area

    Property size:
    2,400 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional commercial property at 1220 The Strand in Waukesha, Wisconsin presents a compelling investment opportunity or owner-occupancy scenario. The building encompasses 2,400 square feet and sits on a 0.16-acre lot, offering ample parking. The main level features a fully equipped bar and restaurant, complete with a full hood vent system, ideally positioned in a high-traffic area of Waukesha. Currently leased on a month-to-month basis, the existing tenant expresses interest in remaining. Upstairs, a well-maintained three-bedroom apartment provides additional income potential. This unit is also currently leased. The entire building benefits from recently installed vinyl windows, enhancing energy efficiency and curb appeal. The combination of a thriving commercial space and a residential apartment makes this property a versatile and attractive investment, offering strong potential for both rental income and owner occupancy. The property's central location in Waukesha ensures high visibility and accessibility, making it an ideal choice for a variety of businesses and investors. This is a rare opportunity to acquire a well-situated, income-generating property in a desirable Wisconsin location.

    Property Features for 1220 The Strand

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,400 SF
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1926
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    1220 The Strand Bar

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waukesha
    County
    WAUKESHA
    State
    Wisconsin
    Longitude
    -88.21839
    Latitude
    43.01805

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    FAQs

    What type of property is this?
    Commercial real estate - Restaurant, Apartment, High Traffic Area
    Where is this commercial real estate located?
    The property is located at 1220 The Strand Waukesha, WI.
    What is the asking price?
    The asking price for this property is $299,900.
    (262) 646-6800
    Request Owner's contact information
    1220 The Strand Waukesha, WI 53186
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    Waukesha, WI 53186
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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
    1220 The Strand Waukesha, WI 53186
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