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Property profile & analytics
FOR SALE
Commercial real estate

209 N Milwaukee St Waterford, WI 53185

2.36 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US92-0148843
Property summary
AI-generated overview

This exceptional investment opportunity presents a 19,980-square-foot flex space located at 209 N Milwaukee Street in Waterford, Wisconsin. The property, built in 1972, sits on a 2.36-acre lot and boasts a prime retail location directly on the main thoroughfare of Waterford's business district. Currently operating under a two-year lease (commencing November 30, 2023) with 100% occupancy, this single-tenant building offers a stable income stream. The lease is a NNN (Net, Net, Net) type. Features include a 16-foot ceiling height, one 8-foot overhead drive-in door, and ample parking with 50 spaces. The property also benefits from an existing sprinkler system. Its strategic location provides easy access to major highways, including Highways 36, 164, 20, and 83, all within approximately one mile. Seller financing is available. The asking price is $1,500,000, translating to $75.08 per square foot. The property's APN is 191041936066000.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 2.36 ac (102,802 SF)
APN 191 041936066000
UPID US92-0148843
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
  • Waldyn Liquidators Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.03M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.00M
Owner & transaction history
Me Elmore 1 LLC · 3 yrs held
Me Elmore 1 LLC
since 2023
Last sale
$1.0M
7 recorded transactions
2024
Price N/A
2023
$1.0M
2021
Price N/A
2018
$425,000
2016
Price N/A
1969
Price N/A
1969
Price N/A
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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