Established Dry Cleaner
For Sale
$250,000
2177 Silvernail Rd, Waukesha, WI 53072
Operating dry-cleaning business with updated equipment, on-site parking, and access less than a mile from I-94.
Property Size1,200 SF
Price / SF$208.33
Days on Market70
Property Features for 2177 Silvernail Rd
General Information
Standard status
Active
Size
1,200 SF
Additional Details
Business Included
Yes
Listing Agency:
Lannon Stone Realty LLC
Listed By:
Marisa Baeurle · License #8048794
(262) 333-4440
Source:
Levelupwi
Added: Aug 7
Changed: Oct 13
Last Checked: Oct 7 at 3:04PM
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 Lannon Stone Realty LLC
Investment Insights
Based on property information with market context.
This 1,200 SF storefront is offered with an operating dry-cleaning business established in 2012. The operation includes updated presses, a new boiler, newer software, and employees with more than 20 years of experience. The seller will provide training to support the ownership transition.
The property provides convenient parking and sits less than a mile from I-94. The surrounding business environment includes established neighboring businesses. The operation also has room for additional laundry services, pickup and delivery, or expanded operating hours, as identified in the current business plan.
The property provides convenient parking and sits less than a mile from I-94. The surrounding business environment includes established neighboring businesses. The operation also has room for additional laundry services, pickup and delivery, or expanded operating hours, as identified in the current business plan.
Key Highlights
- 1,200 SF storefront with an established dry‑cleaning business
- Operating since 2012
- Updated presses, new boiler, and newer software
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,005
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,100
$340.1K
Cap Rate 7%
$242,929
$242.9K
Cap Rate 9%
$188,944
$188.9K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$25.2K $21.00/SF
− Vacancy
−$907 −$0.76/SF
EGI
$24.3K $20.24/SF
− OpEx
−$7.3K −$6.07/SF
NOI
$17.0K $14.17/SF
Area
Waukesha County, WI
Vacancy
3.60%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,100
Cap Rate 7%
$242,929
Cap Rate 9%
$188,944
Alternative Uses
Best Use
Retail
$242.9K
$212.6K – $283.4K
NOI $17,005 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$612.4K
$535.9K – $714.5K
NOI $42,871 @ 7.0% cap · market cap 17.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
336
Businesses Nearby
5k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chase Bank
Shops & Services
3,147 visits/mo
0.3 miles
North Shore Bank
Shops & Services
1,414 visits/mo
0.2 miles
Demographics for 53072, WI
26,687
Population
12,594
Households
2.1
Avg Household Size
45
Median Age
53%
College-Educated
98%
High-School Grad
29.8 sq mi
ZIP Area
896
Density / Sq Mi
$97,434
Median Household Income
$61,762
Median Earnings
$1,352
Median Rent
$424,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Bank of Flowers — 346 Oakton Ave, Pewaukee, WI 53072
Frequently Asked Questions
What type of property is this?
Storefront property - Operating dry-cleaning business with updated equipment, on-site parking, and access less than a mile from I-94.
Where is this storefront property located?
The property is located at 2177 Silvernail Rd Waukesha, WI.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,200 SF storefront with an established dry‑cleaning business; Operating since 2012; Updated presses, new boiler, and newer software
