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Property profile & analytics
FOR LEASE
Commercial real estate

146 W Main St Whitewater, WI 53190

0.09 ac lot
Entity Owned 16-yr Hold Free & Clear
Property ID
US92-3399331
Property summary
AI-generated overview

This exceptional property at 146 W Main Street in Whitewater, Wisconsin presents a unique investment opportunity. The well-maintained historic building boasts a total of 4,195 square feet situated on a 0.09-acre lot in the heart of downtown Whitewater. The property includes a fully operational restaurant, representing a turnkey business opportunity, currently generating income. Financial details regarding the restaurant's performance are available upon request. Adding to the property's appeal is a three-bedroom apartment located within the building. This apartment has a proven track record of positive rental history, providing a consistent stream of passive income. The building itself is priced at $699,000, while the established restaurant business is offered separately for $200,000. This allows for flexibility in acquisition, catering to investors interested in either the real estate alone or a combined real estate and business purchase. The combined purchase price for both the building and the restaurant business is $899,000. This prime downtown location offers excellent visibility and accessibility, making it an ideal investment for both seasoned and aspiring entrepreneurs. Detailed financial statements and operational information are available upon request. Serious inquiries only.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.09 ac (3,920 SF)
APN /OT 00007
UPID US92-3399331
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Fat Jacks Sports Bar & Grill Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Wokes LLC · 16 yrs held
Wokes LLC
since 2009
4 recorded transactions
2009
$40,000
2009
$400,000
2007
$400,000
2005
$250,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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