Restaurant and Laundromat
For Sale
Contact for pricing
Pending
16-18 Front Street, Milton, WI 53563
Turnkey commercial property combining an equipped pizza restaurant and fully operational laundromat.
Property Size3,040 SF
Days on Market150
Property Features for 16-18 Front Street
General Information
Standard status
Pending
Size
3,040 SF
Property subtype
Special Purpose
Additional Details
Business Included
Yes
Building Details
Year Built
2004
Listing Agency:
Century 21 Affiliated Janesville
Listed By:
Beth Hanthorn · License #WI
(608) 346-8189
Source:
Crexi
Added: Jun 2
Changed: Oct 25
Last Checked: Oct 28 at 6:38AM
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 Century 21 Affiliated Janesville
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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.
The property is a turnkey package that includes both real estate and two operating businesses: a pizza restaurant and a laundromat. The restaurant is set up with a spacious cooking and prep area, commercial ovens, extensive restaurant equipment, a TOAST POS system, office space, and restrooms. The laundromat is well-maintained and includes 26 washers and 12 dryers, along with a brand-new water heater.
The offering is located on Front Street in Milton, Wisconsin, within one of the city’s business districts. The current restaurant operation has been in place under the current owner for 13 years, and the sale includes the equipment and operational components needed to continue running both concepts.
This setup is well-suited for an owner-operator or entrepreneur looking for an established business package with real estate included. For investors, the combination provides a practical way to own and operate both a food service concept and a laundry service operation within a single property. All listed business equipment and core operational systems are included as part of the turnkey offering.
The offering is located on Front Street in Milton, Wisconsin, within one of the city’s business districts. The current restaurant operation has been in place under the current owner for 13 years, and the sale includes the equipment and operational components needed to continue running both concepts.
This setup is well-suited for an owner-operator or entrepreneur looking for an established business package with real estate included. For investors, the combination provides a practical way to own and operate both a food service concept and a laundry service operation within a single property. All listed business equipment and core operational systems are included as part of the turnkey offering.
Key Highlights
- Commercial property built in 2004, offered with two operating businesses: an equipped pizza restaurant and a fully operational laundromat
- Pizza restaurant includes cooking/prep area, commercial ovens, extensive restaurant equipment, TOAST POS system, office, and restroom
- Restaurant business has been built and operated by the current owner for 13 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,968
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$959,360
$959.4K
Cap Rate 7%
$685,257
$685.3K
Cap Rate 9%
$532,978
$533.0K
Market Conditions
NOI Build-Up for 3,040 SF
Gross rent
$65.7K $21.60/SF
− Vacancy
−$1.7K −$0.56/SF
EGI
$64.0K $21.04/SF
− OpEx
−$16.0K −$5.26/SF
NOI
$48.0K $15.78/SF
Area
Rock County, WI
Vacancy
2.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$959,360
Cap Rate 7%
$685,257
Cap Rate 9%
$532,978
Alternative Uses
Best Use
Specialty Retail
$685.3K
$599.6K – $799.5K
NOI $47,968 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$730.5K
$639.2K – $852.3K
NOI $51,138 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Kwik Trip
Shops & Services
10,689 visits/mo
0.0 miles
Dollar General
Shops & Services
6,214 visits/mo
0.4 miles
Demographics for 53563, WI
11,503
Population
4,672
Households
2.5
Avg Household Size
42
Median Age
31%
College-Educated
96%
High-School Grad
67.0 sq mi
ZIP Area
172
Density / Sq Mi
$89,397
Median Household Income
$47,742
Median Earnings
$972
Median Rent
$270,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey commercial property combining an equipped pizza restaurant and fully operational laundromat.
Where is this conventional restaurant located?
The property is located at 16-18 Front Street Milton, WI.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Commercial property built in 2004, offered with two operating businesses: an equipped pizza restaurant and a fully operational laundromat; Pizza restaurant includes cooking/prep area, commercial ovens, extensive restaurant equipment, TOAST POS system, office, and restroom; Restaurant business has been built and operated by the current owner for 13 years
