Restaurant Building with Walk-Out
1000 S Spring St Port Washington, WI 53074
1000 S Spring St, Port Washington, WI, 53074
$475,000
For Sale
$475,000
Spancrete floor restaurant building with walk-out basement and substantial on-site parking on a heavily traveled road.
Property Size3,240 SF
Lot Size1.40 Acres
Price / SF$146.60
Days on Market541
Property Features for 1000 S Spring St
General Information
- Standard status
- Active
- Size
- 3,240 SF
- Lot size
- 1.40 Acres
Listing agency
Lannon Stone Realty LLC
(262) 242-8922
Listed by
Brian Altman · License #43258-94
(262) 242-8922
Source
Exprealty
Added: Jan 27, 2025 Updated: Jul 22 at 11:49AM Checked: Jul 22 at 11:49AM
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 Lannon Stone Realty LLC
Investment Insights
Based on property information with market context.
This building was previously used as a popular Italian restaurant. The structure includes a Spancrete floor system over a large basement, which features a walk-out door for direct exterior access. The property is well suited as a restaurant reuse or conversion given its existing built-out configuration.
Situated on a heavily trafficked road into Port Washington, the site is positioned for strong daily visibility. The property sits on a 1.4-acre lot with substantial on-site parking, supporting customer access for retail or food service uses.
Offered for sale as a 3,240-square-foot building on the 1.4-acre parcel, the combination of a walk-out basement, dedicated parking, and prominent road frontage makes this a practical option for buyers looking for an improved site in the area.
Situated on a heavily trafficked road into Port Washington, the site is positioned for strong daily visibility. The property sits on a 1.4-acre lot with substantial on-site parking, supporting customer access for retail or food service uses.
Offered for sale as a 3,240-square-foot building on the 1.4-acre parcel, the combination of a walk-out basement, dedicated parking, and prominent road frontage makes this a practical option for buyers looking for an improved site in the area.
Key Highlights
- Spancrete floor restaurant building with a walk‑out basement
- 1.4‑acre lot with tons of on‑site parking
- Previously operated as a popular Italian restaurant
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 | $61.4k | $18.96 |
| − Vacancy | −$1.6k | −$0.49 |
| EGI | $59.8k | $18.47 |
| − OpEx | −$17.9k | −$5.54 |
| NOI | $41.9k | $12.93 |
3,240 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$706.3K
$618.1K – $824.1K
NOI $49,444 @ 7.0% cap · market cap 10.41%
Second Best
Retail
$598.3K
$523.5K – $698.1K
NOI $41,883 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$763.4K
$668.0K – $890.6K
NOI $53,437 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Spancrete floor restaurant building with walk-out basement and substantial on-site parking on a heavily traveled road.
Where is this conventional restaurant located?
The property is located at 1000 S Spring St Port Washington, WI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Spancrete floor restaurant building with a walk‑out basement; 1.4‑acre lot with tons of on‑site parking; Previously operated as a popular Italian restaurant
