Property profile

223 Watson St Ripon, WI 54971

OFF-MARKET
Commercial real estate
1,500 SF 0.15 ac lot Built 1885
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Property summary

AI-generated overview

This exceptional offering presents two adjacent commercial buildings totaling 1,500 square feet on a 0.15-acre lot in the heart of downtown Ripon, Wisconsin. Located at 223 Watson Street, these properties boast undeniable character and charm, previously housing the Knuth Brewing Company. The buildings feature gleaming hardwood floors, large windows, and impressive tin ceilings, creating a unique and inviting atmosphere. Each building includes a separate 2-bedroom, 1-bathroom apartment above the retail space, offering additional income potential. The versatile retail space is ideal for a variety of businesses, from a sophisticated restaurant or bakery to a trendy coffee shop or boutique. The prime downtown location ensures high visibility and accessibility. This is a rare opportunity to acquire two historically significant properties with significant upside. The buildings are available for purchase together or individually, providing flexibility for potential investors. The rich history and prime location make this a truly exceptional investment opportunity in a thriving Midwest community. The buildings' unique architectural details and spacious layout offer a blank canvas for a creative entrepreneur to establish a thriving business. The residential units above provide a valuable supplemental income stream, further enhancing the overall return on investment. Don't miss this chance to own a piece of Ripon's history and secure a promising future.

Property profile

Verified
Property type Commercial real estate
Year built 1885
Total area 1,500 SF
Lot 0.15 ac (6,534 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

223 Watson St Ripon, WI 54971
Ripon metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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