Metal Finishing Manufacturing
517 Main St, Allenton, WI 53002
For Sale
$245,000
The sale combines an operating metal finishing business with its commercial property and workspace.
Property Size2,500 SF
Price / SF$98
Days on Market43
Property Features for 517 Main St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Business Included
Currently Operating
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Emmer Real Estate Group
Listed By:
Jim Emmer · License WI #3703490
(262) 629-4747
Source:
Lagalborealty
Added: Oct 3
Changed: Nov 13
Last Checked: Nov 14 at 12:07AM
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 Emmer Real Estate Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This manufacturing property includes an operating metal finishing business with an established customer list and vibratory finishing processes. The building, constructed in 1938, has functional work areas, an office, an overhead shipping door, and space for parking and storage. Manufacturing zoning supports the property’s stated industrial use.
The site is on State Highway 33 in Allenton, Wisconsin. The business has operated for over 50 years, and the retiring owner is willing to discuss transition support.
The site is on State Highway 33 in Allenton, Wisconsin. The business has operated for over 50 years, and the retiring owner is willing to discuss transition support.
Key Highlights
- Operating metal finishing business and commercial property offered together
- Metal finishing operation with over 50 years of history
- Vibratory finishing processes and an existing customer list
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,103
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,060
$182.1K
Cap Rate 7%
$130,043
$130.0K
Cap Rate 9%
$101,144
$101.1K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$13.7K $5.47/SF
− Vacancy
−$670 −$0.27/SF
EGI
$13.0K $5.20/SF
− OpEx
−$3.9K −$1.56/SF
NOI
$9.1K $3.64/SF
Area
Washington County, WI
Vacancy
4.90%
Lease Rate
$5.47 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,060
Cap Rate 7%
$130,043
Cap Rate 9%
$101,144
Alternative Uses
Best Use
Industrial
$130.0K
$113.8K – $151.7K
NOI $9,103 @ 7.0% cap · market cap 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$687.3K
$601.4K – $801.8K
NOI $48,110 @ 7.0% cap · market cap 19.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Explore this area
Business Placement
Demographics for 53002, WI
2,436
Population
953
Households
2.6
Avg Household Size
43
Median Age
25%
College-Educated
91%
High-School Grad
34.3 sq mi
ZIP Area
71
Density / Sq Mi
$107,250
Median Household Income
$52,884
Median Earnings
$972
Median Rent
$290,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - The sale combines an operating metal finishing business with its commercial property and workspace.
Where is this manufacturing property located?
The property is located at 517 Main St Allenton, WI.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Operating metal finishing business and commercial property offered together; Metal finishing operation with over 50 years of history; Vibratory finishing processes and an existing customer list
