215 Milwaukee St Janesville, WI 53548
- Commercial real estate
- 0.81 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 215 Milwaukee St
- Lot size
- 0.81 lot acres
- Zone code
- B6
- Property type
- Commercial real estate
- APN
- 136200261
- APU
- 136200261
Description
This exceptional 4,206 square foot commercial property, situated at 215 W Milwaukee Street in the vibrant heart of downtown Janesville, Wisconsin, presents a remarkable opportunity for a diverse range of businesses. Located on one of the city's busiest blocks, this property boasts impressive daily traffic counts exceeding 5,000 vehicles, ensuring high visibility and accessibility for your enterprise. Currently configured as a retail boutique, the space offers immense flexibility and adaptability to suit various business models, including retail, fitness centers, service-based businesses, or restaurants. The 4,206 square feet encompasses two restrooms, a dedicated storage area, a utility room, and a sizable basement, providing ample space for operations and storage needs. The property sits on a 0.13-acre lot. Utilities are efficiently managed with tenants responsible for gas and electric costs, while water and sewer are covered by the landlord. This prime location, coupled with its versatile layout and convenient amenities, makes it an ideal investment for entrepreneurs seeking a thriving downtown presence. The asking price for this exceptional property is $342,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $245,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $260,000
- 6.5%
- $265,000
- 7%
- $260,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $240,000
- Geo Method
- $240,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $275,000
- Retail
- $250,000
- Mixed-Use
- $290,000
- Hospitality
- $260,000
- Educational
- $230,000
- Residential Income
- $225,000
- Energy
- $290,000
- Income-Based Land
- $240,000
- Food Service
- $230,000
Location Insight
- Map
- Local Demand
- City
- Janesville
- County
- Rock
- State
- Wisconsin
- Longitude
- -89.0212
- Latitude
- 42.6842
- CBSA code
- 27500
- CBSA name
- JANESVILLE, WI METROPOLITAN STATISTICAL AREA