Retail/Showroom Space with
For Sale
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31 N Walker Way, Sun Prairie, WI 53590
Move-in-ready retail/showroom with a welcoming reception area, executive office, private restroom, and separate entrance access.
Property Size10,530 SF
Price / SF$2.28
Days on Market95
Property Features for 31 N Walker Way
General Information
Standard status
Active
Size
10,530 SF
Amenities
showroom/reception area
executive office
finished private restroom
separate entrance access
on-site parking
Building Details
Year Built
1969
Tenancy
Multi
Listing Agency:
American, REALTORS
Listed By:
David Baehr · License #5260990
(608) 213-6686
Source:
Holtrealestateteam
Added: Jul 21
Changed: Oct 11
Last Checked: Oct 20 at 10:11PM
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 American, REALTORS
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Investment Insights
Based on property information with market context.
This move-in-ready retail/showroom space is designed for a polished, customer-facing experience. The interior includes a welcoming showroom/reception area, an executive office, a finished private restroom, and separate entrance access.
The property sits just north of Main Street and is described as highly visible with strong surrounding traffic counts, excellent accessibility, and storefront exposure along one of Sun Prairie’s busiest local business corridors. On-site parking and attractive curb appeal support everyday customer access.
The building operates as a split-entry/shared environment, allowing two like-kind businesses to operate independently within the overall property while maintaining separate functionality. Immediate occupancy availability is noted.
The property sits just north of Main Street and is described as highly visible with strong surrounding traffic counts, excellent accessibility, and storefront exposure along one of Sun Prairie’s busiest local business corridors. On-site parking and attractive curb appeal support everyday customer access.
The building operates as a split-entry/shared environment, allowing two like-kind businesses to operate independently within the overall property while maintaining separate functionality. Immediate occupancy availability is noted.
Key Highlights
- 1,500 SF retail/showroom space built in 1969
- Move‑in‑ready buildout with showroom/reception, executive office, and finished private restroom
- Separate entrance access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,946
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,018,920
$2.0M
Cap Rate 7%
$1,442,086
$1.4M
Cap Rate 9%
$1,121,622
$1.1M
Market Conditions
NOI Build-Up for 10,530 SF
Gross rent
$158.0K $15.00/SF
− Vacancy
−$13.7K −$1.31/SF
EGI
$144.2K $13.70/SF
− OpEx
−$43.3K −$4.11/SF
NOI
$100.9K $9.59/SF
Area
Dane County, WI
Vacancy
8.70%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,018,920
Cap Rate 7%
$1,442,086
Cap Rate 9%
$1,121,622
Alternative Uses
Best Use
Retail
$1.44M
$1.26M – $1.68M
NOI $100,946 @ 7.0% cap · market cap 420.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.45M
$2.14M – $2.85M
NOI $171,287 @ 7.0% cap · market cap 713.70%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
99k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 45%
Hotels & Casinos 1%
Beauty & Spa 1%
Kwik Trip
Shops & Services
31,882 visits/mo
0.1 miles
Culver's
Dining
23,855 visits/mo
0.2 miles
Wendy's
Dining
10,847 visits/mo
0.5 miles
BP
Shops & Services
6,605 visits/mo
0.4 miles
Summit Credit Union
Shops & Services
5,164 visits/mo
0.1 miles
Demographics for 53590, WI
43,684
Population
18,292
Households
2.4
Avg Household Size
37
Median Age
52%
College-Educated
97%
High-School Grad
65.9 sq mi
ZIP Area
663
Density / Sq Mi
$96,497
Median Household Income
$57,711
Median Earnings
$1,375
Median Rent
$354,700
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Move-in-ready retail/showroom with a welcoming reception area, executive office, private restroom, and separate entrance access.
Where is this retail space located?
The property is located at 31 N Walker Way Sun Prairie, WI.
What are key features of this property?
This property features: 1,500 SF retail/showroom space built in 1969; Move‑in‑ready buildout with showroom/reception, executive office, and finished private restroom; Separate entrance access
