13300 Watertown Plank Rd Elm Grove, WI 53122-2239

This exceptional retail investment property, located at 13300 Watertown Plank Rd in Elm Grove, Wisconsin, presents a compelling opportunity. The 5,010 square foot building sits on a 0.255-acre lot and boasts 20 parking spaces, ensuring ample convenience for tenants and customers. Built in 1968, the property has recently undergone significant improvements, including a new roof, siding, and windows in 2023, significantly enhancing its curb appeal and longevity. The property is zoned B-1 Local Business District, offering flexibility for a variety of retail uses. Financial projections indicate a strong return on investment. The Net Operating Income (NOI) is projected at $113,897 in 2024 and $129,528 in 2026. The 2022 property taxes were $10,828.52. The property offers an in-place cap rate of 7.03% and a stabilized cap rate of 8.00%, making it an attractive addition to any investment portfolio. The asking price is $1,620,000. The property's location in Elm Grove, Waukesha County, Wisconsin (zip code 53122), provides excellent access to major roadways and a thriving local community. This is a rare opportunity to acquire a well-maintained, high-performing retail property with significant upside potential. The APN is EGV 1106002.