Restaurant and Laundromat
16-18 Front Street Milton, WI 53563
16-18 Front Street, Milton, WI, 53563
Contact for pricing
For Sale
Contact for pricing
Turnkey commercial property combining an equipped pizza restaurant and fully operational laundromat.
Property Size3,040 SF
Price / SF$246.68
Days on Market50
Property Features for 16-18 Front Street
General Information
- Standard status
- Active
- Size
- 3,040 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 2004
Listing agency
Century 21 Affiliated Janesville
Listed by
Beth Hanthorn · License #WI
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 1:53PM Checked: Jul 20 at 4:10AM
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
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
Local 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
—
—
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
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
