Restaurant Property With
For Sale
$749,900
16-18 Front Street, Milton, WI 53563
COMMERCIAL - Milton, WI
Property Size3,040 SF
Lot Size0.10 Acres
Price / SF$246.68
Days on Market57
Property Features for 16-18 Front Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
NMU
Interior features
Alley, Shared Restrooms, Display window, Smoke Detectors
Lot features
Business district, High Traffic Location, High Visibility, Residential area
Directions
W Madison Ave to Front St.
Subdivision
MILTON - C
Standard status
Active
APN
257 160004
Size
3,040 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4246
Building Details
Year built
2004
Number of units
2
Roof type
Metal
Listing Agency:
Century 21 Affiliated · Century 21 Real Estate
(608) 756-4196
Listed By:
Beth Hanthorn · License #5310690
(608) 346-8189
Added: Jun 10
Changed: Aug 5
Last Checked: Aug 5 at 11:06AM
MLS# 2024638
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,040-square-foot commercial property combines a pizza restaurant with a fully operational laundromat. The restaurant includes a cooking and preparation area, commercial ovens, restaurant equipment, a TOAST POS system, office space, and a restroom. The laundry operation contains 26 washers and 12 dryers, along with a brand-new water heater.
Built in 2004 on 0.1 acres, the property is located at 16-18 Front Street in Milton’s business district and is zoned NMU. Additional features include a metal roof, display window, smoke detectors, and alley access. The real estate and both operating businesses are included in the offering.
Built in 2004 on 0.1 acres, the property is located at 16-18 Front Street in Milton’s business district and is zoned NMU. Additional features include a metal roof, display window, smoke detectors, and alley access. The real estate and both operating businesses are included in the offering.
Key Highlights
- 3,040‑square‑foot commercial property with restaurant and laundromat operations
- Pizza restaurant includes commercial ovens, equipment, TOAST POS system, office, and restroom
- Laundromat has 26 washers and 12 dryers
Financial Insights For Specialty 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 | $65.7k | $21.60 |
| − Vacancy | −$1.7k | −$0.56 |
| EGI | $64.0k | $21.04 |
| − OpEx | −$16.0k | −$5.26 |
| NOI | $48.0k | $15.78 |
3,040 SF · lease $21.60/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$685.3K
$599.6K – $799.5K
NOI $47,968 @ 7.0% cap · market cap 6.40%
Second Best
Retail
$524.2K
$458.7K – $611.6K
NOI $36,695 @ 7.0% cap · market cap 4.89%
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes a fully equipped pizza operation and an on-site laundry facility.
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: 3,040‑square‑foot commercial property with restaurant and laundromat operations; Pizza restaurant includes commercial ovens, equipment, TOAST POS system, office, and restroom; Laundromat has 26 washers and 12 dryers
