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    28747 Lake Dr Waterford, WI 53185

    For Lease
    $14 SF/Yr ($7,547 /Mo)

    Prime Waterfront Retail, 6,469 SF

    Lot size:
    6,469 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 6,469-square-foot retail space is ideally situated at 28747 N Lake Dr in Waterford, Wisconsin, 53185. The property boasts a single-tenant occupancy, offering a blank canvas for a discerning business owner. The building sits on a one-acre lot and provides ample parking with 50 spaces available for customers and employees. The B1 zoning allows for a variety of commercial uses, making it suitable for restaurants or other retail establishments. The entire 6,469 square feet is currently vacant, presenting a unique opportunity for immediate occupancy. The property's address is 28747 N Lake Dr, Waterford, WI 53185, and its location in Racine County offers excellent visibility and accessibility. The property's APN is 016 041912013000. This is a rare opportunity to secure a substantial retail space in a desirable location with significant parking. The property's size and location make it an attractive option for businesses seeking high visibility and ample space to operate. The single-tenant occupancy eliminates the complexities of managing multiple tenants. This property is ready for immediate development and offers a strong foundation for a thriving business. The one-acre lot provides potential for future expansion or outdoor seating areas, depending on the intended use. This is a prime opportunity to establish a successful business in a vibrant community.

    Property Features for 28747 Lake Dr

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,469 SF
    Total Rate
    7547.17

    Unit(s) available at that property

    Space
    Available Space
    Size
    6,469 SF
    Rate per SF
    $14

    HighLights

    • 6,469 SF retail space at 28747 N Lake Dr, Waterford, WI 53185.
    • One‑acre lot with 50 parking spaces.
    • B1 zoning allows for various commercial uses.
    • Currently vacant, ready for immediate occupancy.
    • Annual property taxes: $8,208.20.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Cruise Pizza Restaurant

    Suggested Use

    Realty agency Restaurant Building Supply Auto Repair Shop Wholesale Shop Auto Parts Store Kitchen & Bath HVAC Service Storage Facility Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    Racine
    State
    Wisconsin
    Longitude
    -88.2074524
    Latitude
    42.82843

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    FAQs

    What type of property is this?
    Retail property - Prime Waterfront Retail, 6,469 SF
    Where is this retail property located?
    The property is located at 28747 Lake Dr Waterford, WI.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 6,469 SF retail space at 28747 N Lake Dr, Waterford, WI 53185.; One-acre lot with 50 parking spaces.; B1 zoning allows for various commercial uses.
    Request Owner's contact information
    28747 Lake Dr Waterford, WI 53185
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    Waterford, WI 53185
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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
    28747 Lake Dr Waterford, WI 53185
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