W12203 Wi-23 Trunk Ripon, WI 54971
This exceptional 1,581 square foot property in Ripon, Wisconsin, presents a unique live/work opportunity. Located on 1.48 acres along Highway 23 (W12203 WI-23 Trunk), this single-story, 1996-built building offers a blend of residential comfort and commercial potential. The property includes a 2.5-car garage, plus two substantial shop spaces measuring 30x40 and 42x40 feet, ideal for an auto shop or similar business. The home boasts three bedrooms and two bathrooms, recently updated with features such as heated floors and a new furnace, water heater, and air conditioning system. An open-concept living room and kitchen flow seamlessly to a back patio with updated landscaping, stonework, and a fire pit. The property is zoned for residential use with a conditional use permit allowing business operation and signage. This turnkey operation is offered at $664,900 ($420.56/sq ft) and is currently 100% occupied. The property's versatile layout and ample space provide significant customization potential for various business ventures or personal projects. The combination of residential comfort and commercial functionality makes this a rare and attractive investment opportunity, offering both immediate income and long-term growth potential. The property's location on a major highway provides excellent visibility and accessibility. The parcel's APN is T17-16-14-25-16-002-00.
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
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.