103-109 Lake St Mukwonago, WI 53149
- Retail properties
- 8,000 SF
Current Use by Public Records
- Retail properties
Property Details for 103-109 Lake St
- Property size
- 8,000 SF
- Property type
- Retail properties
Description
This 8,000 square foot multi-tenant retail center in Mukwonago, Wisconsin, presents a compelling investment opportunity. Located at 103-109 Lake Street, the property boasts a strong daily traffic count of 18,700 vehicles (DOT 2022 data) and offers excellent visibility with building and monument signage opportunities. Currently generating a net operating income (NOI) of $65,911, the property has significant upside potential, projected at $95,438. The asking price is $750,000. The property features city water and sewer utilities and includes approximately 1,700 square feet of immediately available leasable space, currently commanding a monthly rent of $2,400. Real estate taxes are $8,761.26 annually (Tax Key: MUKV1973959). This modified lease property offers a blend of existing tenants and a vacancy, providing immediate income generation and the potential for further revenue growth through leasing or occupancy. The property's prime location and strong traffic flow make it an ideal investment for both seasoned investors and business owners seeking to expand their operations. This is a rare opportunity to acquire a well-positioned retail center in a thriving Wisconsin community.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mukwonago
- County
- Waukesha
- State
- Wisconsin
- Longitude
- -88.3336
- Latitude
- 42.8645
