0 Market St Elkhorn, WI 53121
This exceptional 12.89-acre parcel in Elkhorn, Wisconsin, presents a remarkable opportunity for multi-family development. Located on E Market St, in Walworth County, zip code 53121, this R3-zoned property offers a strategic location within a thriving community. The site's northern Elkhorn location provides convenient access to Highway 12 and Interstate 43, ensuring easy commutes to Milwaukee and Madison. This prime location is further enhanced by its proximity to restaurants, shopping, and highly-rated schools, making it highly attractive to potential renters. The asking price is $699,900. This land is ideally suited for a 72-unit multi-family complex, capitalizing on the strong rental market and promising long-term stability and high yield potential. The property's size and zoning provide significant flexibility for a developer seeking to create a thriving residential community in a desirable location. This is a rare opportunity to acquire a substantial land parcel in a rapidly growing area with excellent infrastructure and access to major transportation routes.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.