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    39 Wisconsin St Elkhorn, WI 53121

    For Sale
    $725,000

    Six rentals, prime downtown location, high income potential.

    Property size:
    10,370 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 10,370 square foot commercial building is situated on a 0.14-acre lot in the heart of Elkhorn, Wisconsin's downtown area. Currently generating a robust $6,000 per month in rental income from six occupied units, this property presents a significant investment opportunity. The unique brick structure boasts a captivating interior design, reminiscent of a charming, shop-lined street, creating a distinctive and memorable atmosphere for tenants and patrons alike. A lively bar occupies a portion of the lower level, providing a vibrant social hub. The upper level offers substantial, currently underutilized space with significant potential for additional rental income. This versatile property is perfectly suited for investors seeking a strong return on investment or entrepreneurs looking to establish a thriving business in a high-traffic, desirable downtown location. The building's six existing rentals provide immediate cash flow, while the additional leasable space allows for future expansion and increased profitability. The property's central location ensures high visibility and accessibility, making it an ideal choice for a variety of commercial ventures. The asking price is $725,000.

    Property Features for 39 Wisconsin St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    10,370 SF
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1900
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sanders Law Offices Attorney Bernie's Pub & Grill Bar & Grill Tri C Career ... Counselor Bowen's Insurance Insurance Agency Right Brain Tattoo Tattoo Shop

    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
    Elkhorn
    County
    WALWORTH
    State
    Wisconsin
    Longitude
    -88.5432
    Latitude
    42.67313

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    FAQs

    What type of property is this?
    Commercial real estate - Six rentals, prime downtown location, high income potential.
    Where is this commercial real estate located?
    The property is located at 39 Wisconsin St Elkhorn, WI.
    What is the asking price?
    The asking price for this property is $725,000.
    (262) 248-1020
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    39 Wisconsin St Elkhorn, WI 53121
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    Elkhorn, WI 53121
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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
    39 Wisconsin St Elkhorn, WI 53121
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