13300 Watertown Plank Rd, Elm Grove, WI 53122
- Commercial real estate
- 0.26 lot acres
Current Use by Public Records
- Kyle Svetlik - COUNTRY Financial representative / Insurance Agency
- Za / Restaurant
- milwaukeeacupuncture / Medical Clinic
- Wild Side Salon / Hair Salon / Nail Salon
- Creative Changes by Barb / Nail Salon
Property Details for 13300 Watertown Plank Rd
- Lot size
- 0.26 lot acres
- Zone code
- B
- Property type
- Commercial real estate
- APN
- EGV 1106002
- APU
- EGV1106002
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 16, 2025 | $1,525,000 | 5th Ward Partners LLC | 13300 Watertown Plank Propco LLC | Special Warranty Deed | — |
| Dec 20, 2023 | — | 13300 Watertown Plank Propco LLC | — | Deed · related | $460k · Spring Bank |
| Jun 16, 2021 | $800,000 | 13300 Watertown Plank Propco LLC | Plank Road Development LLC | Warranty Deed | $640k · Spring Bank |
| Jun 20, 2007 | $400,000 | Stephen C Lauenstein | Plank Road Dev LLC | Quit Claim Deed · related | — |
| Jun 20, 2007 | $443,800 | Plank Road Dev LLC | Lauenstein,stephen C | Quit Claim Deed · related | — |
| Feb 18, 2004 | $485,000 | Plank Road Dev LLC | Ristow Francis B Trust | Grant Deed | $501k · Anchor Bank Fsb |
| Dec 11, 1998 | — | Matthew J Linn | Ristow,francis B | Grant Deed · related | — |
| — | — | Plank Road Dev LLC | — | Deed Of Trust · related | $675k · Anchor Bank Fsb |
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,035,000
- ML approach
- $1,015,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Elm Grove
- County
- Waukesha
- State
- Wisconsin
- Longitude
- -88.0779
- Latitude
- 43.044
- CBSA code
- 33340
- CBSA name
- MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
