Building Details

Year Built 1891

Buildings 1

Stories 4

Units 10

Listing Agency: Blackdeer Investment Group

Listed By: Ryan Wagner · License #WI090192838

Source: Crexi

Added: May 1, 2022 Changed: Aug 24 Last Checked: Sep 6 at 6:07PM

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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 Blackdeer Investment Group

Investment Insights

Based on property information with market context.

This is a historic four-story power house located in Watertown. The building features 24-foot ceilings. Included in the sale are state-approved architectural plans for renovating the property into 10 condominium units. The building has a size of 13,161 square feet and is suitable for renovation into high-end condos.

Key Highlights

• State approved architectural plans for 10 condo units included
• Historic power house building
• Perfect for high end condo renovation

Property Analytics

Property Profile

Current Use

Watertown Dam 2 Park

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Big Box & Wholesale Store Pharmacy

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

Location Intelligence

Trade Area within ½ mile

232

Businesses Nearby

Explore this area Business Placement

Demographics for 53094, WI

18,510

Population

7,387

Households

2.5

Avg Household Size

39

Median Age

22%

College-Educated

92%

High-School Grad

88.8 sq mi

ZIP Area

208

Density / Sq Mi

$71,973

Median Household Income

$40,673

Median Earnings

$1,039

Median Rent

$223,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Four-story historic building with approved condo renovation plans.

Where is this apartment building located?

The property is located at 245 S Concord Ave Watertown, WI.

What is the asking price?

The asking price for this property is $400,000.

What are key features of this property?

This property features: State approved architectural plans for 10 condo units included; Historic power house building; Perfect for high end condo renovation