881 Collins RdJefferson, WI 53549

Property Details for 881 Collins Rd

Lot size

0.30 AC

Property type

Other commercial real estate

APN

241-0614-1043-042

APU

24106141043042

Description

This exceptional 16-unit assisted living facility, situated on a 0.3-acre lot in Jefferson, Wisconsin, presents a unique investment opportunity. Built in 1991, the 6,560-square-foot single-story building is currently vacant, offering significant potential for repurposing. The property boasts a recently installed new roof and a fully functional sprinkler system, ensuring safety and minimizing immediate maintenance needs. Its strategic location between Madison and Milwaukee provides convenient access to a large potential client base. The asking price is $949,000, translating to $59,312.50 per unit and $144.66 per square foot – significantly below replacement cost. Previously licensed as a Community Based Residential Facility (CBRF), the building's adaptable design allows for various uses, catering to diverse client groups. This presents a compelling opportunity for investors seeking a well-maintained property with substantial upside potential in a desirable Wisconsin location. The property is ready for immediate occupancy and offers a blank canvas for a new owner to create a thriving business. The building's solid construction and recent upgrades make it an attractive investment, promising a strong return on investment. The property's location between two major Wisconsin cities offers excellent accessibility and visibility.

• Alternative Use

  Use

  Valuation

  Residential

  $2,682,834

  Hospitality

  $2,457,461

  Educational

  $2,044,579

  Medical

  $2,114,895

  Retail

  $3,180,456

Location Insight

City

Jefferson

County

Jefferson

State

Wisconsin

Latitude

42.9916

Longitude

-88.824

CBSA code

48020

CBSA name

WATERTOWN-FORT ATKINSON, WI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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