Multi-Suite Retail
1220 Janesville Avenue #400-600, Fort Atkinson, WI 53538
For Sale
New
Contact for pricing
Flexible commercial space supports retail, office, restaurant, professional service, and special-purpose uses.
Property Size1,200 SF
Price / SF$1.08
Days on Market4
Property Features for 1220 Janesville Avenue #400-600
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Building Details
Building Size
Year Built
Listing Agency:
Bear Realty Of Burlington
(262) 763-8116
Listed By:
Marc Chapdelaine · License WI #8027794
(262) 757-3136
Source:
Coactionrealestate
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 9 at 3:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bear Realty Of Burlington
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property at 1220 Janesville Avenue includes Unit 400, with 1,200 square feet, and Units 500 and 600, currently arranged together for a combined 3,116 square feet. The latter space can be divided into two separate units. The building dates to 1990 and is zoned BUS.
The property is in a shopping center that includes a gas station and storage units, in downtown Fort Atkinson. The stated use possibilities include retail, offices, restaurant, professional services, and special-purpose applications.
The property is in a shopping center that includes a gas station and storage units, in downtown Fort Atkinson. The stated use possibilities include retail, offices, restaurant, professional services, and special-purpose applications.
Key Highlights
- Unit 400 offers 1,200 square feet
- Units 500 and 600 total 3,116 square feet combined and can be separated
- Zoned BUS
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,588
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,760
$231.8K
Cap Rate 7%
$165,543
$165.5K
Cap Rate 9%
$128,756
$128.8K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$17.3K $14.40/SF
− Vacancy
−$726 −$0.60/SF
EGI
$16.6K $13.80/SF
− OpEx
−$5.0K −$4.14/SF
NOI
$11.6K $9.66/SF
Area
Jefferson County, WI
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$231,760
Cap Rate 7%
$165,543
Cap Rate 9%
$128,756
Alternative Uses
Best Use
Retail
$165.5K
$144.9K – $193.1K
NOI $11,588 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$281.7K
$246.5K – $328.6K
NOI $19,716 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Hotels & Casinos 23%
Shops & Services 14%
Pizza Pub
Dining
2,471 visits/mo
0.4 miles
AmericInn by Wyndham Janesville
Hotels & Casinos
899 visits/mo
0.0 miles
Citgo
Shops & Services
552 visits/mo
0.1 miles
Demographics for 53538, WI
18,643
Population
8,444
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
92%
High-School Grad
97.1 sq mi
ZIP Area
192
Density / Sq Mi
$80,784
Median Household Income
$44,995
Median Earnings
$967
Median Rent
$228,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial space supports retail, office, restaurant, professional service, and special-purpose uses.
Where is this retail space located?
The property is located at 1220 Janesville Avenue #400-600 Fort Atkinson, WI.
What are key features of this property?
This property features: Unit 400 offers 1,200 square feet; Units 500 and 600 total 3,116 square feet combined and can be separated; Zoned BUS
