626 Millar Dr Beloit, WI 53511
This exceptional owner-user investment opportunity in Beloit, Wisconsin, presents a unique blend of commercial, executive office, and warehouse space. Located at 626 W Millar Drive, this 1-square-foot property sits on a substantial 2.14-acre lot and boasts two units, ample parking (20 spaces), and a 25-foot ceiling height in the main building. The property includes a large 40x60 outbuilding featuring attached offices with bathrooms and showrooms, previously used for an auction service. Additional features include a 28x40 foundation with existing electrical and septic hookups, ready for expansion. The property utilizes a shared well with a neighboring property (2237 S Afton Rd, MLS#1978897), and both properties have separate septic systems. Future connection to township sewer and septic is required upon well and septic system failure. The property is zoned commercial (Comm) and was built in 1946. The asking price is $179,900, translating to $74.96 per square foot. Note that square footage and dimensions are approximate
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.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.