Storefront Property with Drive-Up
For Sale
Contact for pricing
2200 CTR AVE, Janesville, WI 53546
Bright retail area includes large display windows, a private office, and central air conditioning.
Property Size1,280 SF
Price / SF$156.25
Days on Market14
Property Features for 2200 CTR AVE
General Information
Standard status
Active
Size
1,280 SF
Total Parking Spaces
14
Property subtype
Retail
Zoning
B-3
Investment Type
Owner/User
Additional Details
Opportunity Zone
Yes
Traffic Count
11,000 vehicles/day
Building Details
Year Built
1965
Buildings
1
Stories
1
Units
1
Listing Agency:
Langer Hulick Group
Listed By:
Randy Langer · License #115460-94
Source:
Crexi
Added: Jul 29
Changed: Aug 11
Last Checked: Aug 11 at 7:01PM
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 Langer Hulick Group
Investment Insights
Based on property information with market context.
This 1,280-square-foot storefront property at 2200 CTR AVE in Janesville, Wisconsin, combines a customer-facing retail area with large windows, a drive-up window, a private office, and central air conditioning. Constructed in 1965, the building provides a compact commercial layout suited to retail-oriented occupancy.
The property is zoned B-3 and is positioned on CENTER AVE with reported daily traffic of approximately 11,000 vehicles, providing exposure along the local commercial corridor. It is also within an Opportunity Zone, adding a notable designation for prospective purchasers evaluating the site.
The property is zoned B-3 and is positioned on CENTER AVE with reported daily traffic of approximately 11,000 vehicles, providing exposure along the local commercial corridor. It is also within an Opportunity Zone, adding a notable designation for prospective purchasers evaluating the site.
Key Highlights
- 1,280‑square‑foot storefront property
- Drive‑up window serving the retail area
- Large front windows and private office
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,451
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$309,020
$309.0K
Cap Rate 7%
$220,729
$220.7K
Cap Rate 9%
$171,678
$171.7K
Market Conditions
NOI Build-Up for 1,280 SF
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.
Gross rent
$23.0K $18.00/SF
− Vacancy
−$968 −$0.76/SF
EGI
$22.1K $17.24/SF
− OpEx
−$6.6K −$5.17/SF
NOI
$15.5K $12.07/SF
Area
Rock County, WI
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$309,020
Cap Rate 7%
$220,729
Cap Rate 9%
$171,678
Alternative Uses
Best Use
Retail
$220.7K
$193.1K – $257.5K
NOI $15,451 @ 7.0% cap · market cap 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$307.6K
$269.2K – $358.9K
NOI $21,532 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
9k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Kwik Trip
Shops & Services
8,822 visits/mo
0.1 miles
Liberty Tax
Shops & Services
259 visits/mo
0.4 miles
Demographics for 53546, WI
31,190
Population
12,816
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
95%
High-School Grad
81.1 sq mi
ZIP Area
385
Density / Sq Mi
$73,430
Median Household Income
$45,481
Median Earnings
$1,076
Median Rent
$220,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Bright retail area includes large display windows, a private office, and central air conditioning.
Where is this storefront property located?
The property is located at 2200 CTR AVE Janesville, WI.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1,280‑square‑foot storefront property; Drive‑up window serving the retail area; Large front windows and private office
