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    146 Main St Whitewater, WI 53190

    For Sale
    $899,000

    Historic building, strong rental income.

    Property size:
    4,195 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional mixed-use property at 146 W Main St, Whitewater, WI 53190, presents a unique investment opportunity. The 4,195 square foot building sits on a 0.09-acre lot (APN: OT 00007) and is zoned B2. Currently operating at 100% occupancy, the property boasts a well-maintained, historic structure in the heart of Whitewater's growing downtown area. The building comprises a fully operational restaurant, "Fat Jacks," which is available for lease or sale along with the real estate. Additionally, a three-bedroom apartment offers consistent positive rental history, contributing to the property's strong cash flow. The asking price for this multi-tenant building is $899,000. This is an ideal investment for those seeking a blend of commercial and residential income streams in a vibrant and desirable Wisconsin location. The property's excellent tenant history and prime downtown location make it a compelling investment opportunity with significant potential for future growth and appreciation. The building's historic character adds to its charm and appeal, while its functional layout and current occupancy ensure immediate return on investment. Serious inquiries are encouraged.

    Property Features for 146 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    4,195 SF
    Lot Size
    3,920 SF

    HighLights

    • Well‑maintained, historic building in Whitewater's growing downtown.
    • Fully operational restaurant, "Fat Jacks," available for lease or sale with the real estate.
    • Three‑bedroom apartment with positive rental history.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fat Jacks Sports ... Bar & Grill

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Whitewater
    County
    Walworth
    State
    Wisconsin
    Longitude
    -88.7306855
    Latitude
    42.83417

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    FAQs

    What type of property is this?
    Restaurant - Historic building, strong rental income.
    Where is this restaurant located?
    The property is located at 146 Main St Whitewater, WI.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Well-maintained, historic building in Whitewater's growing downtown.; Fully operational restaurant, "Fat Jacks," available for lease or sale with the real estate.; Three-bedroom apartment with positive rental history.
    Request Owner's contact information
    146 Main St Whitewater, WI 53190
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    146 Main St
    Whitewater, WI 53190
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    146 Main St Whitewater, WI 53190
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