209 Milwaukee St Waterford, WI 53185
- Commercial real estate
- 2.36 lot acres
Current Use by Public Records
- Waldyn Liquidators / Discount Store
Property Details for 209 Milwaukee St
- Lot size
- 2.36 lot acres
- Property type
- Commercial real estate
- APN
- 191 041936066000
- APU
- 191041936066000
Description
This exceptional investment opportunity presents a 19,980-square-foot flex space located at 209 N Milwaukee Street in Waterford, Wisconsin. The property, built in 1972, sits on a 2.36-acre lot and boasts a prime retail location directly on the main thoroughfare of Waterford's business district. Currently operating under a two-year lease (commencing November 30, 2023) with 100% occupancy, this single-tenant building offers a stable income stream. The lease is a NNN (Net, Net, Net) type. Features include a 16-foot ceiling height, one 8-foot overhead drive-in door, and ample parking with 50 spaces. The property also benefits from an existing sprinkler system. Its strategic location provides easy access to major highways, including Highways 36, 164, 20, and 83, all within approximately one mile. Seller financing is available. The asking price is $1,500,000, translating to $75.08 per square foot. The property's APN is 191041936066000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,005,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,055,000
- 6.5%
- $1,065,000
- 7%
- $905,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $890,000
- Geo Method
- $945,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $850,000
- Retail
- $840,000
- Mixed-Use
- $845,000
- Hospitality
- $800,000
- Educational
- $1,000,000
- Residential Income
- $830,000
- Energy
- $1,000,000
- Income-Based Land
- $810,000
- Food Service
- $845,000
Location Insight
- Map
- Local Demand
- City
- Waterford
- County
- Racine
- State
- Wisconsin
- Longitude
- -88.2086
- Latitude
- 42.7649
- CBSA code
- 39540
- CBSA name
- RACINE, WI METROPOLITAN STATISTICAL AREA
