W6315 Us-18 Jefferson, WI 53549
Exceptional opportunity to acquire a 3,700 square foot special purpose property located in Jefferson, Wisconsin, on US Highway 18, a major thoroughfare between Madison and Milwaukee. This single-story, 1945-built building previously operated as a popular bar and restaurant, boasting a main floor with a 13x8 foot copper bar, dining area, kitchen, and a large rear deck. The lower level offers a small party room and ample storage. A new rubber roof was installed just four years ago, ensuring long-term durability. Additional outdoor storage is provided by a convenient shed. The property sits on a 0.79-acre lot and is zoned for business use, offering versatile potential for various uses. The building features an 8-foot ceiling height. Note that the adjacent drive-in movie theater (separate listing) is also available for sale, and the seller prefers a simultaneous or sequential sale of both properties. This presents a unique chance to acquire a significant commercial property in a high-traffic location with considerable redevelopment potential. The asking price is $450,000, translating to $121.62 per square foot.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.