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Property profile & analytics
OFF-MARKET
Commercial real estate

203 Walworth St Elkhorn, WI 53121-1636

0.25 ac lot
Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US92-0893252
Property summary
AI-generated overview

This exceptional 1,800 square foot commercial property, situated on a 0.25-acre lot at 203 W Walworth Street in Elkhorn, Wisconsin, presents a unique investment opportunity. The building's flexible T-1 zoning allows for a variety of uses, including commercial, single-family residential, or multi-family residential development, providing significant adaptability for future owners. The existing structure is well-designed and boasts a desirable location within the vibrant Elkhorn community. Currently, the upper level is occupied by a month-to-month tenant, offering immediate income potential or the possibility of owner-occupancy upon lease expiration. The property's versatility, combined with its prime location and existing income stream, makes it an attractive proposition for investors seeking a strong return on investment or entrepreneurs looking to establish their business in a thriving area. The 1,800 square feet of space offers ample room for various business ventures or residential configurations. The 0.25-acre lot provides sufficient outdoor space for potential expansion or additional development. This property is ready for its next chapter, offering a blend of immediate income and long-term growth potential. Serious inquiries are encouraged.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.25 ac (10,759 SF)
APN YOP 00253
UPID US92-0893252
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
  • Bartz Chiropractic Alternative Medicine Practice
  • Elkhorn Chamber of Commerce Business Service Center Advocacy Group
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
Dominic Chiovari · 1 yrs held
Dominic Chiovari
since 2025
Last sale
$290,000
3 recorded transactions
2025
Price N/A
2025
$290,000
2024
$240,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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