Furnished Restaurant
For Sale
$725,000
627 E Main St, Waukesha, WI 53186
Furnished commercial space includes patio service windows and on-site parking.
Property Size2,200 SF
Lot Size1.00 Acre
Price / SF$329.55
Days on Market40
Property Features for 627 E Main St
General Information
Standard status
Active
Size
2,200 SF
Lot size
1.00 Acre
Additional Details
Furnished
Yes
Pylon Signage
Yes
Patio
Yes
Building Details
Year Built
1948
Listing Agency:
Anderson Commercial Group, LLC
Listed By:
Craig Friemoth · License #9479063
(414) 425-2700
Source:
Nikolicgroup
Added: Aug 28
Changed: Sep 12
Last Checked: Oct 6 at 12:03AM
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 Anderson Commercial Group, LLC
Investment Insights
Based on property information with market context.
This restaurant property offers +/- 2,200 SF of furnished, equipped commercial space designed for immediate occupancy and operation. The building was constructed in 1948, and the interior includes restaurant furnishings and equipment.
The property occupies nearly 1 acre at 627 E Main St in Waukesha, Wisconsin. Site features include parking, an outdoor patio with service windows, and prominent monument signage. The existing layout combines the building, customer-access features, and outdoor seating area on one commercial site.
The property occupies nearly 1 acre at 627 E Main St in Waukesha, Wisconsin. Site features include parking, an outdoor patio with service windows, and prominent monument signage. The existing layout combines the building, customer-access features, and outdoor seating area on one commercial site.
Key Highlights
- +/- 2,200 SF furnished and equipped restaurant space
- Nearly 1 acre of commercial property
- Outdoor patio with service windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,718
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$954,360
$954.4K
Cap Rate 7%
$681,686
$681.7K
Cap Rate 9%
$530,200
$530.2K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$66.0K $30.00/SF
− Vacancy
−$2.4K −$1.08/SF
EGI
$63.6K $28.92/SF
− OpEx
−$15.9K −$7.23/SF
NOI
$47.7K $21.69/SF
Area
Waukesha County, WI
Vacancy
3.60%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$954,360
Cap Rate 7%
$681,686
Cap Rate 9%
$530,200
Alternative Uses
Best Use
Specialty Retail
$681.7K
$596.5K – $795.3K
NOI $47,718 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.12M
$982.5K – $1.31M
NOI $78,597 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,340
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53186, WI
32,332
Population
15,066
Households
2.1
Avg Household Size
38
Median Age
39%
College-Educated
95%
High-School Grad
12.6 sq mi
ZIP Area
2,566
Density / Sq Mi
$74,596
Median Household Income
$42,007
Median Earnings
$1,180
Median Rent
$277,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Furnished commercial space includes patio service windows and on-site parking.
Where is this conventional restaurant located?
The property is located at 627 E Main St Waukesha, WI.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: +/- 2,200 SF furnished and equipped restaurant space; Nearly 1 acre of commercial property; Outdoor patio with service windows
