Auto Body Shop with Paint
For Sale
$480,000
590 Commercial Avenue, Waterloo, WI 53594
Business/Comm, Waterloo, WI
Property Size4,000 SF
Lot Size1.08 Acres
Price / SF$120
Days on Market83
Property Features for 590 Commercial Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Security features
Security System
Interior features
Overhead doors, Truck dr(s) 15ft or lower, Private Restrooms, Less than 440 volt, 3 phase electric, Security system, Garage Door Opener
Lot features
High Traffic Location, High Visibility, Industrial park, Near Major Highway
Directions
From Downtown Waterloo, Hwy 19 East to Industrial Drive, RT on Commercial.
Subdivision
WATERLOO - C
Standard status
Active
APN
290-0813-0542-011
Size
4,000 SF
Lot size
1.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3043
Amenities
office
restroom
paint booth
Building Details
Year built
2008
Number of units
1
Roof type
Metal
Listing Agency:
Century 21 Affiliated · Century 21 Real Estate
(608) 825-7552
Listed By:
Jill Oelke
(608) 575-4933
Added: Jul 25
Changed: Aug 31
Last Checked: Oct 15 at 11:06PM
MLS# 2028834
Copyright © 2026 REALTORS® Association of South Central Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,000-square-foot auto body collision repair and paint facility occupies 1.078 acres in Waterloo’s Industrial Park. Constructed in 2008, the building includes office space, a private restroom, overhead doors, and a dedicated paint booth. A metal roof, security system, garage door opener, and 3-phase electric service are also in place.
The property is zoned Commercial and provides four marked parking boxes, with additional side area available for parking. The overhead doors accommodate trucks 15 feet or lower, while the electrical service is less than 440 volts. The existing configuration is suited to continued automotive repair and paint operations.
The property is zoned Commercial and provides four marked parking boxes, with additional side area available for parking. The overhead doors accommodate trucks 15 feet or lower, while the electrical service is less than 440 volts. The existing configuration is suited to continued automotive repair and paint operations.
Key Highlights
- 4,000‑square‑foot auto body collision repair and paint facility
- 1.078‑acre site in Waterloo’s Industrial Park
- Dedicated paint booth with office and private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,627
Cap Rate
8.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,540
$772.5K
Cap Rate 7%
$551,814
$551.8K
Cap Rate 9%
$429,189
$429.2K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$57.6K $14.40/SF
− Vacancy
−$2.4K −$0.60/SF
EGI
$55.2K $13.80/SF
− OpEx
−$16.6K −$4.14/SF
NOI
$38.6K $9.66/SF
Area
Jefferson County, WI
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,540
Cap Rate 7%
$551,814
Cap Rate 9%
$429,189
Alternative Uses
Best Use
Retail
$551.8K
$482.8K – $643.8K
NOI $38,627 @ 7.0% cap · market cap 8.05%
Second Best
Industrial
$520.5K
$455.5K – $607.3K
NOI $36,438 @ 7.0% cap · market cap 7.59%
Theoretical Best
Office A
$938.9K
$821.5K – $1.10M
NOI $65,722 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
10k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Kwik Trip
Shops & Services
9,802 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
469 visits/mo
0.2 miles
Demographics for 53594, WI
5,324
Population
2,308
Households
2.3
Avg Household Size
42
Median Age
24%
College-Educated
92%
High-School Grad
72.7 sq mi
ZIP Area
73
Density / Sq Mi
$80,000
Median Household Income
$46,206
Median Earnings
$990
Median Rent
$236,900
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
Similar Off Market Nearby
- K & B Auto Services Inc — 606 E Madison St, Waterloo, WI 53594
- Sauer's Engine Shop — 320 Portland Rd, Waterloo, WI 53594
- Beyond Driven Customs — 328 Portland Rd, Waterloo, WI 53594
- Don's Auto Body & Paint — 590 Commercial Ave, Waterloo, WI 53594
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial collision repair facility with office, restroom, overhead doors, and dedicated paint booth.
Where is this auto shop located?
The property is located at 590 Commercial Avenue Waterloo, WI.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 4,000‑square‑foot auto body collision repair and paint facility; 1.078‑acre site in Waterloo’s Industrial Park; Dedicated paint booth with office and private restroom
