203 Walworth St Elkhorn, WI 53121-1636
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.
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Bartz Chiropractic Alternative Medicine Practice
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Elkhorn Chamber of Commerce Business Service Center Advocacy Group
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.