Downtown Mixed-Use Restaurant
107 Baker Waunakee, WI 53597
107 Baker, Waunakee, WI, 53597
$1,500,000
For Sale
$1,500,000
Commercial Sale, Other - Waunakee, WI
Property Size13,000 SF
Price / SF$115.38
Days on Market327
Property Features for 107 Baker
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
Building Details
- Year built
- 1929
- Architectural style
- Other
Listing Agency
NextHome Strategy
(608) 770-9148
199 Cottage Grove Rd., WI
Listed by
Lavant Group · License #939107-91,PersonLicenseNumber
(608) 770-9148
Added: Aug 26, 2025 Checked: Jul 18 at 12:06 am
MLS# 2007337
Listing URL
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Investment Insights
Based on property information with market context.
Commercial space available in downtown Waunakee. The property is currently leasing the bottom portion to a restaurant. The main floor has had some remodeling and offers flexibility for use as a venue hall or retail space.
The building includes office space on the upper level, which the owner notes as providing additional income potential for a new buyer. The space is approximately 13,000 square feet across two levels.
For sale with the property being sold AS IS. The seller is open to lease offers.
The building includes office space on the upper level, which the owner notes as providing additional income potential for a new buyer. The space is approximately 13,000 square feet across two levels.
For sale with the property being sold AS IS. The seller is open to lease offers.
Key Highlights
- Approximately 13,000 SF commercial space on two levels in downtown Waunakee
- Currently leased: restaurant on the bottom portion of the building
- Upper level includes a spacious office space for additional income
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $195.0k | $15.00 |
| − Vacancy | −$17.0k | −$1.31 |
| EGI | $178.0k | $13.70 |
| − OpEx | −$53.4k | −$4.11 |
| NOI | $124.6k | $9.59 |
13,000 SF · lease $15.00/SF/yr · vacancy 8.70% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.57M
$2.25M – $3.00M
NOI $179,852 @ 7.0% cap · market cap 11.99%
Second Best
Specialty Retail
$2.37M
$2.08M – $2.77M
NOI $166,023 @ 7.0% cap · market cap 11.07%
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,465 @ 7.0% cap · market cap 14.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Two-level commercial building with a currently leased restaurant and remodeled main floor suited for retail or a venue hall.
Where is this conventional restaurant located?
The property is located at 107 Baker Waunakee, WI.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 13,000 SF commercial space on two levels in downtown Waunakee; Currently leased: restaurant on the bottom portion of the building; Upper level includes a spacious office space for additional income
