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    131 Market St Elkhorn, WI 53121

    Sponsored
    For Sale
    $699,900

    Elkhorn, WI Multifamily Investment

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional investment opportunity presents a 72-unit multifamily development site on 12.89 acres in Elkhorn, Wisconsin. Located in a high-demand area of this growing community, the property boasts a prime northern location with easy access to restaurants, shopping, and top-rated schools. Its strategic positioning provides immediate access to Highway 12 and Interstate 43, facilitating short commutes to major urban centers like Milwaukee and Madison, a significant draw for potential tenants. The property is zoned R-3, offering flexibility for development. The substantial lot size allows for significant expansion or redevelopment potential. This development opportunity is situated in Walworth County, Wisconsin, with the address listed as 131 W Market St, Elkhorn, WI 53121, and the APN is YU NW 00243. The asking price for this high-yield investment is $699,900. This presents a compelling opportunity to capitalize on the strong growth and long-term stability of the Elkhorn market. The property's proximity to major transportation arteries and desirable amenities makes it an attractive proposition for both developers and investors seeking a high-return multifamily project.

    Property Features for 131 Market St

    General Information

    Property type
    Multifamily properties
    Lot Size
    561,488 SF

    Building Details

    Units
    72

    HighLights

    • 72‑unit multifamily development opportunity in Elkhorn, WI.
    • High‑demand location in a growing community.
    • Prime northern location near restaurants, shopping, and top‑rated schools.
    • Excellent access to Highway 12 and I‑43, providing easy commutes to Milwaukee and Madison.
    • R‑3 zoning allows for flexible development.
    • $699,900 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Elkhorn
    County
    Walworth
    State
    Wisconsin
    Longitude
    -88.54736258904
    Latitude
    42.691736934147

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    Nearby Similar for Sale

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      Elkhorn Commercial Building - High ROI

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      Elkhorn Restaurant & Banquet Hall

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      Elkhorn Industrial Park Warehouses

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

    What type of property is this?
    Multifamily property - Elkhorn, WI Multifamily Investment
    Where is this multifamily property located?
    The property is located at 131 Market St Elkhorn, WI.
    What is the asking price?
    The asking price for this property is $699,900.
    What are key features of this property?
    This property features: 72-unit multifamily development opportunity in Elkhorn, WI.; High-demand location in a growing community.; Prime northern location near restaurants, shopping, and top-rated schools.
    Request Owner's contact information
    131 Market St Elkhorn, WI 53121
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    Elkhorn, WI 53121
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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
    131 Market St Elkhorn, WI 53121
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