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    200 Main St Waunakee, WI 53597

    For Sale
    $849,900

    Prime location, high NOI, value-add potential.

    Property size:
    6,656 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Exceptional investment opportunity in Waunakee, Wisconsin, awaits at 200 W Main Street. This 6,656 square foot storefront property, built in 1910, sits on a 0.25-acre lot and boasts a 6.11% cap rate with a current NOI of $51,926. The asking price is $849,900, translating to $127.69 per square foot. Currently 100% occupied, the property features a mix of commercial and residential space. The main building, housing the established Wana Bike shop, offers 4,160 square feet of finished space, including three residential apartments (two 2-bedroom units and one 1-bedroom unit). A basement provides additional storage or potential for development. An adjacent building at 204 W Main Street adds another 2,496 square feet of commercial office space, featuring two separate units, a shared bathroom, storage, and two in-unit kitchenettes. A private common entry breezeway connects the two buildings. Eleven off-street parking spaces are available in a newly paved lot, along with a 928-square-foot detached garage. The property is zoned commercial and enjoys a prime location near amenities, shops, restaurants, parks, and schools in Dane County, making it a highly desirable investment for those seeking a multi-use property in a thriving community. This is a value-add opportunity with significant upside potential.

    Property Features for 200 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,656 SF
    Lot Size
    10,890 SF

    Building Details

    Year Built
    1910
    Stories
    2

    HighLights

    • Exceptional investment opportunity: 6,656 SF storefront in Waunakee, WI, with a 6.11% cap rate and $51,926 NOI.
    • Asking price: $849,900 ($127.69/SF).
    • Currently 100% occupied, multi‑use property with commercial and residential space.
    • Main building (4,160 SF): Established Wana Bike shop plus three residential apartments.
    • Adjacent building (2,496 SF): Two commercial office units.
    • Eleven off‑street parking spaces and a 928 SF detached garage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    Waunakee
    County
    Dane
    State
    Wisconsin
    Longitude
    -89.457069
    Latitude
    43.191649

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    FAQs

    What type of property is this?
    Individual retail property - Prime location, high NOI, value-add potential.
    Where is this individual retail property located?
    The property is located at 200 Main St Waunakee, WI.
    What is the asking price?
    The asking price for this property is $849,900.
    What are key features of this property?
    This property features: Exceptional investment opportunity: 6,656 SF storefront in Waunakee, WI, with a 6.11% cap rate and $51,926 NOI.; Asking price: $849,900 ($127.69/SF).; Currently 100% occupied, multi-use property with commercial and residential space.
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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
    200 Main St Waunakee, WI 53597
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