Versatile Commercial Building in Fond du Lac

24 E Scott Street, Fond du Lac, WI 54935

View on Map

For Sale

$1,800,000

Redevelopment opportunity with existing tenants and high traffic location.

Property size:

20,000 SF

Lot size:

1.10 Acres

Price / SF:

$90/SF

HighLights

Located in the N Main St Redevelopment District on busy Scott St, across from Lakeside Park, offering high visibility and desirability for commercial uses.
Over 20,000 Sq Ft of versatile space with ceiling heights up to 18 ft, suitable for various business operations.
Sits on over an acre with ample parking, accommodating customers and employees.
Multiple adjacent sections allow for flexible use of all or a portion of the building.
Existing tenants provide instant cash flow, ideal for investors.
Glass storefront offers excellent showroom or retail display potential.

We can help!

Listing Contact

Jason Zellner

For Sale

$1,800,000

Redevelopment opportunity with existing tenants and high traffic location.

Property size:

20,000 SF

Lot size:

1.10 Acres

Price / SF:

$90/SF

Added:: Feb 10, 2025
Days on Market:: 487
Last Refresh:: Jan 11 at 12:06 pm

Property Features for 24 E Scott Street

General Information

Standard status: Active
Size: 20,000 SF
Lot size: 1.10 Acres

We can help!

Listing Contact

Jason Zellner

Listing agent Jason Zellner License #5923790

Listing office Zellner Real Estate

Listing date Feb 10, 2025

Source Exprealty

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 Zellner Real Estate

HighLights

Located in the N Main St Redevelopment District on busy Scott St, across from Lakeside Park, offering high visibility and desirability for commercial uses.
Over 20,000 Sq Ft of versatile space with ceiling heights up to 18 ft, suitable for various business operations.
Sits on over an acre with ample parking, accommodating customers and employees.
Multiple adjacent sections allow for flexible use of all or a portion of the building.
Existing tenants provide instant cash flow, ideal for investors.
Glass storefront offers excellent showroom or retail display potential.

Overview

This commercial building, formerly a Ford dealership, presents an investment or owner-user opportunity. Located on Scott Street in the North Main Street Redevelopment District, it is across from Lakeside Park. The property, situated on over an acre, features over 20,000 square feet of space with ceiling heights up to 18 feet. The building's layout, comprised of multiple adjacent sections, allows for flexible use of the entire space or only a portion of it. The property includes a glass storefront suitable for showroom or retail display purposes. Currently, two tenants occupy the building, providing immediate cash flow.

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$180.0k	$9.00
− Vacancy	−$12.2k	−$0.61
EGI	$167.8k	$8.39
− OpEx	−$50.3k	−$2.52
NOI	$117.4k	$5.87

20,000 SF · lease $9.00/SF/yr · vacancy 6.80% · expense 30.00%

Alternative Uses

Best Use

Industrial

$1.68M

$1.47M – $1.96M (±1% cap)

NOI $117,432 @ 7.0% cap · market cap 6.52%

Second Best

Retail

$1.29M

$1.13M – $1.50M (±1% cap)

NOI $90,129 @ 7.0% cap · market cap 5.01%

Theoretical Best

Multifamily LT 5

$19.27M

$16.86M – $22.48M (±1% cap)

NOI $1,349,040 @ 7.0% cap · market cap 74.95%

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

Property Profile Location Intelligence

Current Use by Public Records

Pete's Auto & Cycle Car Dealership Munchie's Discount Store Grocery & Convenience Store C & R Automotive Auto Repair Shop

Suggested Use

Similar Places Nearby

U-Haul Neighborhood Dealer — 185 Kelly Dr, Fond du Lac, WI 54935

Location Insight

Map
Local Demand

City: Fond du Lac
County: Fond du Lac
State: Wisconsin
Longitude: -88.446
Latitude: 43.7914

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For sale
Automotive properties
WI
Fond du Lac
54935
24 E Scott Street

What type of property is this?

Automotive property - Redevelopment opportunity with existing tenants and high traffic location.

Where is this automotive property located?

The property is located at 24 E Scott Street Fond du Lac, WI.

What is the asking price?

The asking price for this property is $1,800,000.

What are key features of this property?

This property features: Located in the N Main St Redevelopment District on busy Scott St, across from Lakeside Park, offering high visibility and desirability for commercial uses.; Over 20,000 Sq Ft of versatile space with ceiling heights up to 18 ft, suitable for various business operations.; Sits on over an acre with ample parking, accommodating customers and employees.