Property profile

151 N Progress Dr Saukville, WI 53080

FOR SALE
Commercial real estate
Property ID
US92-0050830
1.02 ac lot Built 2006
Individually Owned 21-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 151 Progress Drive in Saukville, Wisconsin, presents a unique investment opportunity. The 4,004 square foot building sits on a 1.02-acre lot and is currently operating as a successful Italian restaurant and lounge, a well-established fixture in the Saukville dining scene. Its prime location offers easy access from Highway 43, ensuring high visibility and convenient access for customers. The property boasts ample parking, attractive exterior landscaping, and a welcoming ambiance that contributes to its consistent popularity with both local residents and visitors from further afield. The restaurant's interior is designed to create a memorable dining experience, reflecting the character and charm of traditional Italian hospitality. This turnkey operation offers a substantial opportunity for a new owner to continue the legacy of this thriving business, benefiting from its established reputation and loyal customer base. The sale includes the building and land, providing a complete package for immediate operation or potential redevelopment. The property's size and location make it suitable for a variety of commercial uses, offering flexibility for future expansion or adaptation. This is a rare chance to acquire a well-established business in a desirable location with significant growth potential. The asking price is $999,900.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2006
Lot 1.02 ac (44,431 SF)
APN 11-050-03-030.19
UPID US92-0050830

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

151 N Progress Dr Saukville, WI 53080
Saukville metro Census 620100 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2005
3 recorded transactions
2019
Price N/A
2005
$70,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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