116 James St Columbus, WI 53925
- Commercial real estate
- 0.06 lot acres
Current Use by Public Records
- Society Boutique / Boutique / Clothing Store
Property Details for 116 James St
- Lot size
- 0.06 lot acres
- Property type
- Commercial real estate
- APN
- 11211-33
- APU
- 1121133
Description
This stunning 5,400 square foot Neo-Classical Revival building, constructed in 1916, presents a unique investment opportunity in the heart of Columbus, WI. Originally a private bank, this landmark property boasts exceptional curb appeal and is situated on a 0.06-acre lot at 116 W James Street. The main level offers a spacious, currently vacant commercial space, ideal for retail or service businesses. The well-maintained build-out includes large display windows and a half bath, providing a ready-to-occupy environment for a new tenant. Upstairs, discover three charming one-bedroom apartments, each featuring beautiful woodwork, large windows, and high ceilings. These apartments, currently occupied on a month-to-month basis, offer a consistent rental income stream. Tenants are responsible for all utilities. Each apartment includes its own furnace and dedicated storage space. A convenient coin-operated washer/dryer adds to the tenant amenities. Priced at $285,000, this property offers a blend of historical charm and modern functionality, making it an exceptional addition to any investment portfolio. The building's rich history, combined with its prime downtown location and versatile layout, presents a rare opportunity for both commercial and residential income generation.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $305,000
- 6.5%
- $320,000
- 7%
- $295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $320,000
- Geo Method
- $265,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $335,000
- Retail
- $260,000
- Mixed-Use
- $285,000
- Hospitality
- $275,000
- Educational
- $315,000
- Residential Income
- $325,000
- Energy
- $335,000
- Income-Based Land
- $315,000
- Food Service
- $300,000
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Columbia
- State
- Wisconsin
- Longitude
- -89.0148
- Latitude
- 43.3386
- CBSA code
- 31540
- CBSA name
- MADISON, WI METROPOLITAN STATISTICAL AREA