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Mixed-Use Retail and Office Building
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21 East Walworth Street, Elkhorn, WI 53121

Well-maintained mixed-use building with a large vacant showroom and additional storefront/office/service suites.

Property Size18,090 SF
Price / SF$42.29
Days on Market59

Property Features for 21 East Walworth Street

General Information

Standard status Active
Size 18,090 SF
Total Parking Spaces 16
Property subtype Retail, Office, Mixed Use
Zoning CPO - Central Place Overlay
Occupancy 30%
Investment Type Owner/User
Net Operating Income $102,674

Building Details

Year Built 1970
Units 11
Tenancy Multi
Listing Agency: Ogden & Company Inc
Listed By: Richard Reinders · License #110296 - 94
Source: Crexi
Added: Jul 9 Changed: Sep 3 Last Checked: Sep 5 at 4:08PM

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 Ogden & Company Inc

Investment Insights

Based on property information with market context.

21 E. Walworth Street is a well-maintained mixed-use commercial property offered for sale on an AS-IS, WHERE-IS basis. The building includes a highly visible 7,700 SF showroom space that is currently vacant, along with additional available suites that range from approximately 300 SF to 1,500 SF and can support storefront, office, or service-oriented uses. The property is described as professionally managed and carefully maintained throughout ownership.

The offering is positioned in the heart of downtown Elkhorn, Wisconsin, and is presented as a flexible option for either an owner-occupant or an investor seeking to increase occupancy. With approximately 70% of the building currently vacant, the configuration provides multiple spaces that can be leased or occupied depending on the buyer’s plans.

Key Highlights

  • Year built 1970 mixed‑use commercial property in downtown Elkhorn, Wisconsin
  • Approximately 70% of the building is currently vacant, offering lease‑up potential
  • Highly visible 7,700 SF showroom space is among the primary vacancies

Property Analytics

Current Use

Walworth County Democrats Advocacy Group

Suggested Use

Top Pick Real Estate Agency Dental Office Pharmacy Nail Salon Spa & Massage Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

30%
Occupancy

Location Intelligence

Trade Area within ½ mile

551
Businesses Nearby

Demographics for 53121, WI

19,222
Population
8,397
Households
2.3
Avg Household Size
42
Median Age
33%
College-Educated
94%
High-School Grad
114.4 sq mi
ZIP Area
168
Density / Sq Mi
$83,635
Median Household Income
$45,112
Median Earnings
$1,031
Median Rent
$287,900
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Well-maintained mixed-use building with a large vacant showroom and additional storefront/office/service suites.
Where is this retail space located?
The property is located at 21 East Walworth Street Elkhorn, WI.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Year built 1970 mixed‑use commercial property in downtown Elkhorn, Wisconsin; Approximately 70% of the building is currently vacant, offering lease‑up potential; Highly visible 7,700 SF showroom space is among the primary vacancies
(414) 719-7899 Call to check price and availability
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