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Property profile

W1340 Beach Rd East Troy, WI 53120

OFF-MARKET
Retail properties & Spaces
2.98 ac lot
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Property summary

AI-generated overview

Exceptional 2.98-acre commercial development opportunity in East Troy, Wisconsin, on the highly desirable Lake Beulah. This property boasts 138 feet of deeded shoreline and four piers with up to 14 approved boat slips, offering potential for significant seasonal rental income. Currently zoned B-3 Waterfront Business District & R, the site allows for a wide range of commercial uses, including hotel development (county approval for 28-60 units exists, with conceptual drawings available), condominiums/hotelminiums, restaurants, event centers, retail, marine services, private membership clubs, and assisted care facilities. Residential development is also possible, pending rezoning and permitting. The existing building will be removed post-sale, creating a blank canvas for a new development. Located less than a block from Lulabell's Restaurant and the Lake Beulah Yacht Club, this property benefits from high traffic and visibility. Convenient access to Highway 43 ensures easy access to Mitchell International Airport, hiking/biking trails, shopping, and dining. The seller has owned this largest commercial development site on the lake for over 30 years. The APN is P E T 900001D. Asking price is $4,500,000. This is a rare opportunity to acquire a significant waterfront property with substantial development potential in a highly sought-after location.

Property profile

Verified
Property type Retail properties & Spaces
Lot 2.98 ac (129,809 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Real Estate Agency

Location

W1340 Beach Rd East Troy, WI 53120
East Troy metro
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Value estimations

Realmo proprietary · 4 methods
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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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