Turnkey Bait and Ice Cream
815 S Washington Street Janesville, WI 53548
For Sale
$475,000
COMMERCIAL - Janesville, WI
Property Size1,816 SF
Lot Size0.38 Acres
Price / SF$261.56
Days on Market35
Property Features for 815 S Washington Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B3
- Security features
- Security System
- Interior features
- Overhead doors, Security system
- Standard status
- Active
- APN
- 241 0402200134
- Size
- 1,816 SF
- Lot size
- 0.38 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2057
Building Details
- Year built
- 1999
- Number of units
- 1
- Roof type
- Composition
Listing Agency:
Keller Williams Realty Signature
(608) 480-8580
Listed By:
Dawn Radke · License #86037
(608) 295-1172
Added: Jun 19
Changed: Jul 23
Last Checked: Jul 23 at 1:06PM
MLS# 2019251
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.
Investment Insights
Based on property information with market context.
A turnkey retail opportunity featuring a bait shop retail area with minnow tanks and a wide selection of fishing gear, bait, and supplies. The property also includes a fully equipped ice cream shop with a soft serve machine, hot dog roller, and a service window.
Additional features include a spacious main retail area with ample display space, plus an extra area with exterior access. That secondary area offers an overhead garage door, bathrooms, and a small kitchen with a sink.
Set up for continued use as a bait shop or for adaptation within its existing configuration, the property includes a fenced-in side yard that was previously used as a garden. The property is zoned B3.
Additional features include a spacious main retail area with ample display space, plus an extra area with exterior access. That secondary area offers an overhead garage door, bathrooms, and a small kitchen with a sink.
Set up for continued use as a bait shop or for adaptation within its existing configuration, the property includes a fenced-in side yard that was previously used as a garden. The property is zoned B3.
Key Highlights
- 1999‑built property with composition roof
- Interior includes a security system and overhead doors
- Retail setup includes minnow tanks and a wide selection of fishing gear, bait, and supplies
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 6.03%
Second Best
Retail
$313.2K
$274.0K – $365.4K
NOI $21,921 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$436.4K
$381.9K – $509.1K
NOI $30,548 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
It's A Keeper Bait ...
(Bike/Boat/Book/etc) Store
Flippin' Frog Ice ...
Restaurant
FAQs
What type of property is this?
Retail space - Retail building with minnow tanks, fishing supplies, and an ice cream shop plus exterior access and an overhead garage door.
Where is this retail space located?
The property is located at 815 S Washington Street Janesville, WI.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1999‑built property with composition roof; Interior includes a security system and overhead doors; Retail setup includes minnow tanks and a wide selection of fishing gear, bait, and supplies
