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    209 Milwaukee St Waterford, WI 53185

    For Sale
    $1,500,000

    19,980 SF Flex Space, Waterford, WI

    Property size:
    19,980 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional investment opportunity presents a 19,980-square-foot flex space located at 209 N Milwaukee Street in Waterford, Wisconsin. The property, built in 1972, sits on a 2.36-acre lot and boasts a prime retail location directly on the main thoroughfare of Waterford's business district. Currently operating under a two-year lease (commencing November 30, 2023) with 100% occupancy, this single-tenant building offers a stable income stream. The lease is a NNN (Net, Net, Net) type. Features include a 16-foot ceiling height, one 8-foot overhead drive-in door, and ample parking with 50 spaces. The property also benefits from an existing sprinkler system. Its strategic location provides easy access to major highways, including Highways 36, 164, 20, and 83, all within approximately one mile. Seller financing is available. The asking price is $1,500,000, translating to $75.08 per square foot. The property's APN is 191041936066000.

    Property Features for 209 Milwaukee St

    General Information

    Property type
    Flex space
    Square Feet
    19,980 SF
    Lot Size
    102,802 SF

    Building Details

    Year Built
    1972
    Units
    1

    HighLights

    • Prime retail location in Waterford, WI business district.
    • Existing sprinkler system.
    • Seller financing offered.
    • One 8' overhead drive‑in door.
    • Excellent highway access (within 1 mile of Highways 36, 164, 20, & 83).
    • Two‑year lease in place (NNN).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waldyn Liquidators Discount Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterford
    County
    Racine
    State
    Wisconsin
    Longitude
    -88.2084539
    Latitude
    42.7650063

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    FAQs

    What type of property is this?
    Flex space - 19,980 SF Flex Space, Waterford, WI
    Where is this flex space located?
    The property is located at 209 Milwaukee St Waterford, WI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Prime retail location in Waterford, WI business district.; Existing sprinkler system.; Seller financing offered.
    Request Owner's contact information
    209 Milwaukee St 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
    209 Milwaukee St Waterford, WI 53185
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