Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    200 W Milwaukee Jefferson, WI 53549

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Updated restaurant with apartment potential and Rock River frontage.

    Type:Retail, Multifamily
    Property size:
    7,861 SF
    Added:
    Oct 19, 2024
    Days on Market:
    550
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 200 W Milwaukee

    General Information

    Standard status
    Active
    Size
    7,861 SF
    Property subtype
    Retail, Multifamily

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Brandon Housley

    Listing agent Brandon Housley License #CA

    Listing office Commercial Real Estate Exchange Inc

    Listing date Oct 19, 2024

    Source Crexi

    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 Commercial Real Estate Exchange Inc

    Overview

    Restored Brick Building with Riverfront

    This updated and restored Cream City Brick building is located in downtown Jefferson, WI, and features approximately 170 feet of Rock River frontage. The restaurant has undergone significant updates and renovations since 2010, including gutting and complete remodeling. These updates, totaling well over a million dollars, include filling the basement to remove it from the floodplain, installing interior concrete floors with radiant in-floor heating, replacing windows, adding a kitchen, restoring and reusing antique doors, constructing multiple levels of outdoor concrete patios, and adding bathrooms. The roof has also been updated. The upper level is currently gutted and ready to be finished into apartments or condos. The property offers potential for continued use as a restaurant or conversion into a new concept.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Heron's Landing Bar & Pub

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jefferson
    County
    Jefferson
    State
    Wisconsin
    Longitude
    -88.8098656
    Latitude
    43.0043019

    Nearby Similar for Sale

    • $395,000

      Bar/Restaurant on Major Highway

      Bar/restaurant between Madison & Milwaukee with potential.
      W6315 US Highway 18, Jefferson, WI 53549
      View Details
    • $395,000

      Bar/Restaurant Opportunity on Highway

      Bar/restaurant with copper bar, dining, kitchen, deck, and storage.
      W6315 US Highway 18, Jefferson, WI 53549
      View Details
    • $1,100,000
      12,000 SF

      Jefferson Industrial Building on 2.7 Acres

      Industrial building with office space and easy highway access.
      860 N Parkway St, Jefferson, WI 53549
      View Details
    • $1,299,500
      10,176 SF

      Industrial Property with Storage Yard

      Two buildings with high-end finishes, drive-in doors, and storage.
      1521 Industrial Ave, Jefferson, WI
      View Details
    • $575,000

      Established Bar with Rental Income

      Turn-key bar and restaurant with two rental units.
      711 W Racine Street, Jefferson, WI 53549
      View Details
    • $2,200,000
      35,850 SF

      Industrial Facility with Outdoor Storage

      Industrial facility on 6.55 acres with ample outdoor storage.
      761 N Parkway St, Jefferson, WI
      View Details
    • $485,000
      3,600 SF

      Spacious Duplex with Attached Garages

      Large duplex featuring three bedrooms, three baths, and attached garages.
      507 Bayfield Drive 707, Jefferson, WI 53549
      View Details
    • $575,000
      9,379 SF

      Established Bar and Restaurant Opportunity

      Turn-key bar and restaurant with rental income potential.
      711 W Racine Street, Jefferson, WI 53549
      View Details
    • $395,000
      3,700 SF

      Bar/Restaurant Opportunity Near Highway

      Bar/restaurant on major highway between Madison and Milwaukee.
      W6315 US-18, Jefferson, WI 53549
      View Details
    • $695,000
      14,580 SF

      Jefferson Warehouse with Bridge Cranes

      Industrial building featuring oversized drive-through bays and bridge cranes.
      739 S Main St, Jefferson, WI
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Updated restaurant with apartment potential and Rock River frontage.
    Where is this conventional restaurant located?
    The property is located at 200 W Milwaukee Jefferson, WI.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Prime downtown location in Jefferson, WI with approximately 170 feet of Rock River frontage.; Extensively updated and renovated Cream City Brick building with over a million dollars invested since 2010.; Restaurant ready for operation or conversion to a new concept.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brandon Housley
    Real Estate License ID: CA
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!