Downtown Mixed-Use Commercial
Waunakee, WI 53597 Waunakee, WI 53597
New
Waunakee, WI, 53597
$1,500,000
For Sale
$1,500,000
COMMERCIAL - Waunakee, WI
Property Size13,000 SF
Price / SF$115.38
Days on Market6
Property Features
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
Building Details
- Year built
- 1929
Listing Agency
NextHome Strategy
(608) 770-9148
199 Cottage Grove Rd., WI
Listed by
Lavant Group · License #939107-91,PersonLicenseNumber
(608) 770-9148
Added: Jul 16 Updated: Jul 20 at 4:00 pm Checked: Jul 21 at 6:06 am
MLS# 2007337
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Investment Insights
Based on property information with market context.
This mixed-use commercial building offers approximately 13,000 square feet across two levels. The bottom portion is currently leased to a restaurant, while the main floor has been positioned for flexibility, including potential use as a venue hall or retail. Some remodeling has already been completed. The upper level includes spacious office space that may generate additional income for a new owner.
The property is located in downtown Waunakee, WI. Seller notes the property is being sold AS IS and is open to lease offers.
For buyers or brokers seeking a multi-income configuration in a single asset, the current restaurant lease combined with upstairs office space provides an immediate operating structure while leaving options for the main level’s future layout and tenant mix.
The property is located in downtown Waunakee, WI. Seller notes the property is being sold AS IS and is open to lease offers.
For buyers or brokers seeking a multi-income configuration in a single asset, the current restaurant lease combined with upstairs office space provides an immediate operating structure while leaving options for the main level’s future layout and tenant mix.
Key Highlights
- Approximately 13,000 SF commercial space on two levels in downtown Waunakee
- Currently leased: restaurant on the bottom portion of the building
- Upper level includes a spacious office space for additional income
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $195.0k | $15.00 |
| − Vacancy | −$17.0k | −$1.31 |
| EGI | $178.0k | $13.70 |
| − OpEx | −$53.4k | −$4.11 |
| NOI | $124.6k | $9.59 |
13,000 SF · lease $15.00/SF/yr · vacancy 8.70% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.57M
$2.25M – $3.00M
NOI $179,852 @ 7.0% cap · market cap 11.99%
Second Best
Specialty Retail
$2.37M
$2.08M – $2.77M
NOI $166,023 @ 7.0% cap · market cap 11.07%
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,465 @ 7.0% cap · market cap 14.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Two-level commercial building with a restaurant tenant on the lower level and office space on the upper level.
Where is this conventional restaurant located?
The property is located at Waunakee, 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: Approximately 13,000 SF commercial space on two levels in downtown Waunakee; Currently leased: restaurant on the bottom portion of the building; Upper level includes a spacious office space for additional income
