Mixed-Use Building with
202 E Main St Waterford, WI 53185
202 E Main St, Waterford, WI, 53185
$329,900
For Sale
$329,900
Fully remodeled mixed-use building with a first-floor food-safe kitchen, ADA bathroom, and an upstairs apartment.
Property Size2,000 SF
Price / SF$164.95
Days on Market22
Property Features for 202 E Main St
General Information
- Standard status
- Active
- Size
- 2,000 SF
Listing agency
1st Choice Properties
(262) 492-4744
Listed by
Chad Schmidt · License #5864490
(262) 492-4744
Source
Exprealty
Added: Jul 1 Updated: Jul 22 at 12:27AM Checked: Jul 22 at 12:27AM
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 1st Choice Properties
Investment Insights
Based on property information with market context.
This fully remodeled mixed-use building offers a first-floor setup designed for food service, including a food-safe kitchen, stainless fixtures, seating space, an ADA bathroom, and storage. The property also includes an outdoor seating area for guest use.
Upstairs, the building features a 2-bedroom, 1-bath apartment with in-unit laundry and a brand-new balcony. The balcony overlooks Ten Club Park and the Fox River.
The combination of an operationally equipped restaurant/retail level and a residential unit provides an integrated layout within the same building.
Upstairs, the building features a 2-bedroom, 1-bath apartment with in-unit laundry and a brand-new balcony. The balcony overlooks Ten Club Park and the Fox River.
The combination of an operationally equipped restaurant/retail level and a residential unit provides an integrated layout within the same building.
Key Highlights
- Fully remodeled mixed‑use building in Downtown Waterford
- First floor includes a food‑safe kitchen, stainless fixtures, seating area, and storage space
- First floor offers an ADA bathroom plus plenty of outdoor seating area
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 | $38.4k | $19.20 |
| − Vacancy | −$1.4k | −$0.69 |
| EGI | $37.0k | $18.51 |
| − OpEx | −$9.3k | −$4.63 |
| NOI | $27.8k | $13.88 |
2,000 SF · lease $19.20/SF/yr · vacancy 3.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$396.6K
$347.0K – $462.7K
NOI $27,763 @ 7.0% cap · market cap 8.42%
Second Best
Mixed Use
$295.7K
$258.8K – $345.0K
NOI $20,700 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$481.0K
$420.8K – $561.1K
NOI $33,667 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Whole Harvest Meats
Take-out & Catering
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Fully remodeled mixed-use building with a first-floor food-safe kitchen, ADA bathroom, and an upstairs apartment.
Where is this mixed-use property located?
The property is located at 202 E Main St Waterford, WI.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Fully remodeled mixed‑use building in Downtown Waterford; First floor includes a food‑safe kitchen, stainless fixtures, seating area, and storage space; First floor offers an ADA bathroom plus plenty of outdoor seating area
