1220 The Strand Waukesha, WI 53186-3830
This exceptional commercial property at 1220 The Strand in Waukesha, Wisconsin presents a compelling investment opportunity or owner-occupancy scenario. The building encompasses 2,400 square feet and sits on a 0.16-acre lot, offering ample parking. The main level features a fully equipped bar and restaurant, complete with a full hood vent system, ideally positioned in a high-traffic area of Waukesha. Currently leased on a month-to-month basis, the existing tenant expresses interest in remaining. Upstairs, a well-maintained three-bedroom apartment provides additional income potential. This unit is also currently leased. The entire building benefits from recently installed vinyl windows, enhancing energy efficiency and curb appeal. The combination of a thriving commercial space and a residential apartment makes this property a versatile and attractive investment, offering strong potential for both rental income and owner occupancy. The property's central location in Waukesha ensures high visibility and accessibility, making it an ideal choice for a variety of businesses and investors. This is a rare opportunity to acquire a well-situated, income-generating property in a desirable Wisconsin location.
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1220 The Strand Bar & Pub
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-1 · Waukesha, WIWaukesha. Always verify with local authorities before improvements.
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.