Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    I-43 Hwy 67 Elkhorn, WI 53121

    Sponsored
    For Sale
    Contact for pricing

    High-traffic location, flexible options.

    Property size:
    2,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    402
    This exceptional commercial property, situated at the intersection of I-43 and Hwy 67 in Elkhorn, Wisconsin (zip code 53121), offers a unique investment opportunity. The site boasts flexible site plan options, catering to both local and national businesses seeking high visibility and accessibility. Available land parcels range from 6 to 280 acres, with building sizes adaptable from 2,500 to 250,000 square feet, providing ample space for a variety of development projects. The property benefits from its strategic location, approximately one mile from the major thoroughfares of I-43 and Hwy 67, experiencing significant daily traffic volume. According to the Wisconsin Department of Transportation (WIS DOT), I-43 sees approximately 21,900 vehicles daily, while Hwy 67 registers around 8,300 vehicles per day. This high traffic count ensures maximum exposure for any business operating on the site. Furthermore, the property is well-serviced with essential utilities including water, sewer, and high-power electricity, simplifying development and operational needs. Adding to its appeal, the property is adjacent to the Creekside Community Center development, providing a synergistic environment and potential for increased foot traffic. This prime location in Walworth County presents a compelling opportunity for businesses seeking a prominent presence in a thriving community. The property is offered for sale.

    Property Features for I-43 Hwy 67

    General Information

    Property type
    Land
    Square Feet
    2,500 SF
    Lot Size
    261,360 SF

    HighLights

    • Excellent I‑43 and Hwy 67 access (within 1 mile).
    • Flexible site plans accommodate diverse business needs.
    • High‑traffic location: ~21,900 VPD on I‑43 and ~8,300 VPD on Hwy 67 (WIS DOT).
    • Utilities available: water, sewer, and high‑power electricity.
    • Adjacent to the Creekside Community Center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elkhorn
    County
    Walworth
    State
    Wisconsin
    Longitude
    -88.5029256
    Latitude
    42.6928864

    Nearby Comparable

    • $2,600,000

      Prime Commercial Land For Sale

      13 acres of shovel-ready commercial land on main highway.
      830 N Wisconsin St, Elkhorn, WI 53121
      View Details
    • Contact for pricing
      0.92 Acres

      Elkhorn Industrial Park Warehouses

      Wisconsin warehouse lots for sale. Prime industrial land.
      0 Elkhorn Ave, Elkhorn, WI 53121
      View Details
    • New
      $1,609,000
      13,702 SF

      Redevelopment Opportunity in Elkhorn, WI

      13,702 sq ft commercial property on 3.57 acres.
      720 N Wisconsin St, Elkhorn, WI 53121
      View Details
    • $1,999,000
      13,702 SF

      Elkhorn Restaurant & Banquet Hall

      Established Business, High Traffic Location
      720 Wisconsin St, Elkhorn, WI 53121
      View Details
    • $699,900
      12.89 Acres

      Copper Square Apartments: 72 Units

      Elkhorn, WI Multifamily Investment
      131 Market St, Elkhorn, WI 53121
      View Details
    • Contact for pricing
      66.56 Acres

      Elkhorn, WI Commercial Land Development

      Prime 66.56-280 Acre Commercial Tract
      I-43 And Hwy 67, Elkhorn, WI 53121
      View Details
    • $684,559
      2.44 Acres

      Elkhorn Industrial Land - 2.44 Acres

      Prime Industrial Land, Elkhorn, WI
      0 Tesch Dr, Elkhorn, WI 53121
      View Details
    • $725,000
      10,370 SF

      Elkhorn Commercial Building - High ROI

      Six rentals, prime downtown location, high income potential.
      39 Wisconsin St, Elkhorn, WI 53121
      View Details
    • $395,000
      3.90 Acres

      Elkhorn Commercial Land - 3.9 Acres

      Prime Elkhorn commercial lot, excellent visibility.
      0 Centralia St, Elkhorn, WI 53121
      View Details
    • Contact for pricing

      Elkhorn Crossing Business Center Land

      Land suitable for retail, business, or office construction.
      S Lincoln St, Elkhorn, WI 53121
      View Details
    • Contact for pricing
      6.53 Acres

      Elkhorn Commercial Lots - Pad Ready

      Prime Retail Land, High Visibility, Hwy Access
      0 Elkhorn Dr, Elkhorn, WI 53121
      View Details
    • Contact for pricing
      6 SF

      Elkhorn Land Parcel For Sale

      6-acre land parcel in Elkhorn, Wisconsin available for purchase.
      N Wisconsin St, Elkhorn, WI 53121
      View Details

    Nearby Similar for Sale

    • New
      $1,609,000
      13,702 SF

      Redevelopment Opportunity in Elkhorn, WI

      13,702 sq ft commercial property on 3.57 acres.
      720 N Wisconsin St, Elkhorn, WI 53121
      View Details
    • $299,000
      1,800 SF

      Elkhorn Commercial Building Opportunity

      Versatile building, prime location, high potential.
      203 Walworth St, Elkhorn, WI 53121
      View Details
    • $725,000
      10,370 SF

      Elkhorn Commercial Building - High ROI

      Six rentals, prime downtown location, high income potential.
      39 Wisconsin St, Elkhorn, WI 53121
      View Details
    • $400,000
      8.02 Acres

      Elkhorn Commercial Land - 8 Acres

      Prime 8-acre commercial lot, M-1 zoning.
      Lt3 County Road A, Elkhorn, WI 53121
      View Details
    • $1,999,000
      13,702 SF

      Elkhorn Restaurant & Banquet Hall

      Established Business, High Traffic Location
      720 Wisconsin St, Elkhorn, WI 53121
      View Details
    • Contact for pricing
      0.92 Acres

      Elkhorn Industrial Park Warehouses

      Wisconsin warehouse lots for sale. Prime industrial land.
      0 Elkhorn Ave, Elkhorn, WI 53121
      View Details

    FAQs

    What type of property is this?
    Land - High-traffic location, flexible options.
    Where is this land located?
    The property is located at I-43 Hwy 67 Elkhorn, WI.
    What are key features of this property?
    This property features: Excellent I-43 and Hwy 67 access (within 1 mile).; Flexible site plans accommodate diverse business needs.; High-traffic location: ~21,900 VPD on I-43 and ~8,300 VPD on Hwy 67 (WIS DOT).
    Request Owner's contact information
    I-43 Hwy 67 Elkhorn, WI 53121
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    I-43 Hwy 67
    Elkhorn, WI 53121
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    I-43 Hwy 67 Elkhorn, WI 53121
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.