Turnkey Bait Shop and Ice
815 S Washington Janesville, WI 53548
815 S Washington, Janesville, WI, 53548
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For Sale
Contact for pricing
Turnkey retail space with a bait shop setup, fully equipped ice cream service area, and an exterior-access expansion room.
Property Size1,816 SF
Price / SF$302.86
Days on Market121
Property Features for 815 S Washington
General Information
- Standard status
- Active
- Size
- 1,816 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1999
Listing agency
Keller Williams Realty Signature
(608) 295-1172
Listed by
Dawn Radke · License #86037
Source
Crexi
Added: Mar 25 Updated: Jul 23 at 2:33AM Checked: Jul 23 at 2:33AM
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 Keller Williams Realty Signature
Investment Insights
Based on property information with market context.
This turnkey retail opportunity includes a fully functioning bait shop retail area with minnow tanks and a wide selection setup for fishing gear, bait, and supplies. An additional fully equipped ice cream shop area features a soft serve machine, hot dog roller, and a convenient service window.
The spacious main retail area is designed for product display and includes an additional area with exterior access. That separate area also has an overhead garage door, bathrooms, and a small kitchen with a sink, offering practical flexibility for continued operations or added uses.
Outside, the property includes a fenced-in side yard that was previously used as a large garden, adding outdoor space adjacent to the building.
The spacious main retail area is designed for product display and includes an additional area with exterior access. That separate area also has an overhead garage door, bathrooms, and a small kitchen with a sink, offering practical flexibility for continued operations or added uses.
Outside, the property includes a fenced-in side yard that was previously used as a large garden, adding outdoor space adjacent to the building.
Key Highlights
- Retail building built in 1999 with a bait shop setup and fully equipped ice cream service area.
- Bait shop retail area includes minnow tanks and a wide selection of fishing gear, bait, and supplies.
- Ice cream service area is equipped with a soft serve machine, hot dog roller, and a convenient service window.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.2k | $21.60 |
| − Vacancy | −$1.0k | −$0.56 |
| EGI | $38.2k | $21.04 |
| − OpEx | −$9.6k | −$5.26 |
| NOI | $28.7k | $15.78 |
1,816 SF · lease $21.60/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$409.3K
$358.2K – $477.6K
NOI $28,654 @ 7.0% cap · market cap 5.21%
Second Best
Retail
$313.2K
$274.0K – $365.4K
NOI $21,921 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$436.4K
$381.9K – $509.1K
NOI $30,548 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
It's A Keeper Bait ...
(Bike/Boat/Book/etc) Store
Flippin' Frog Ice ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Turnkey retail space with a bait shop setup, fully equipped ice cream service area, and an exterior-access expansion room.
Where is this storefront property located?
The property is located at 815 S Washington Janesville, WI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Retail building built in 1999 with a bait shop setup and fully equipped ice cream service area.; Bait shop retail area includes minnow tanks and a wide selection of fishing gear, bait, and supplies.; Ice cream service area is equipped with a soft serve machine, hot dog roller, and a convenient service window.
