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    229 Wisconsin Ave Waukesha, WI 53186

    For Sale
    $499,000

    Historic District gem, fully equipped, established business.

    Property size:
    4,780 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional turnkey opportunity presents the chance to acquire 229 Wisconsin Avenue, a renowned Waukesha restaurant established in 1997. Situated on a 0.39-acre lot in Waukesha's historic district, this 4,780 square foot property holds a significant place in the community and is listed on the National Register of Historic Places. The sale includes all fixtures, furniture, and equipment (FF&E), eliminating the need for extensive upfront investment. This established business offers immediate revenue potential for a new owner. The property's prime location within the historic district ensures high visibility and foot traffic, contributing to its long-standing success. The building itself offers ample space for both dining and operational areas, providing flexibility for potential expansion or adaptation to suit a new owner's vision. This is a rare chance to own a piece of Waukesha's history and a thriving, established business. The asking price is $499,000. Serious inquiries only. All information is deemed reliable but not guaranteed. Buyers are advised to conduct their own due diligence.

    Property Features for 229 Wisconsin Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,780 SF
    Lot Size
    16,988 SF

    Building Details

    Year Built
    1842
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Eric's Porter Haus Steak House

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waukesha
    County
    WAUKESHA
    State
    Wisconsin
    Longitude
    -88.23048
    Latitude
    43.00948

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    FAQs

    What type of property is this?
    Commercial real estate - Historic District gem, fully equipped, established business.
    Where is this commercial real estate located?
    The property is located at 229 Wisconsin Ave Waukesha, WI.
    What is the asking price?
    The asking price for this property is $499,000.
    (414) 425-2700
    Request Owner's contact information
    229 Wisconsin Ave 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
    229 Wisconsin Ave Waukesha, WI 53186
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