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    2919 Main St East Troy, WI 53120

    Sponsored
    For Sale
    $800,000

    High-Cap Rate, Fully Leased Retail Space

    Property size:
    3,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a fully leased, multi-tenant retail property located at 2919 Main Street in East Troy, Wisconsin. The property, built in 2021, boasts a substantial 3,600 square feet of space, strategically situated within the Central Business zoning district of Walworth County. The attractive asking price of $800,000 offers a compelling 8.40% capitalization rate, making it an ideal addition to any diversified portfolio. The property features a convenient drive-thru, ample parking for six vehicles, and a unique rooftop patio and bar area, enhancing its appeal and potential for increased revenue. The 0.21-acre lot provides ample space for outdoor seating and customer convenience. The building is equipped with an elevator, adding to its accessibility and functionality. Currently operating as a two-tenant layout, the property benefits from consistent income streams, ensuring a stable and profitable investment. The property's address is 2919 Main Street, East Troy, WI 53120, with APN ROP 00100. This turnkey operation presents a rare opportunity to acquire a high-performing commercial property in a desirable location.

    Property Features for 2919 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    3,600 SF
    Lot Size
    9,148 SF

    Building Details

    Year Built
    2021

    HighLights

    • Two‑tenant suite layout.
    • Fully occupied.
    • Building features an elevator.
    • Includes a rooftop patio and bar.
    • Features a drive‑thru.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Social Affair Event Venue

    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
    East Troy
    County
    Walworth
    State
    Wisconsin
    Longitude
    -88.4069398
    Latitude
    42.7848392

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    FAQs

    What type of property is this?
    Restaurant - High-Cap Rate, Fully Leased Retail Space
    Where is this restaurant located?
    The property is located at 2919 Main St East Troy, WI.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Two-tenant suite layout.; Fully occupied.; Building features an elevator.
    Request Owner's contact information
    2919 Main St East Troy, WI 53120
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    East Troy, WI 53120
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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
    2919 Main St East Troy, WI 53120
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