223 Milwaukee St Kewaunee, WI 54216-1423
This exceptional 3,157 square foot commercial property is situated in Kewaunee's vibrant waterfront district, overlooking the Kewaunee River. The 0.37-acre lot offers high visibility and foot traffic, directly across from the world's tallest grandfather clock and the bustling farmers market. Its prime location is adjacent to the Ahnapee Trail and near the new Ellis Point Riverfront property, ensuring consistent exposure to a diverse clientele. The building features three distinct rental spaces, presenting a compelling investment opportunity. Space A, a 2,000 square foot storefront with newly installed windows, currently commands a monthly rent of $1,200 under a lease expiring April 2024. Space B offers 600 square feet, ideal for a small business or office, while Space C, a charming 300 square foot former granary, retains original hardwood floors and exposed wood beams, perfect for a unique retail concept such as a coffee shop or microbrewery. The property's versatile layout and prime location make it an exceptional opportunity for both business owners and investors seeking a high-return investment in a thriving waterfront community. The high volume of foot traffic generated by the nearby attractions ensures strong potential for success. This property presents a rare chance to own a piece of Kewaunee's burgeoning waterfront scene.
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ATM Atm
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
Property description
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