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Property profile & analytics
OFF-MARKET Estimated value $225,000
Commercial real estate

223 Milwaukee St Kewaunee, WI 54216-1423

Entity Owned 4-yr Hold Free & Clear
Property ID
US92-0292051
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
APN 241-00010-1500
UPID US92-0292051
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
  • ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k
Owner & transaction history
Haagmire LLC · 4 yrs held
Haagmire LLC
since 2022
Last sale
$240,000
5 recorded transactions
2022
$240,000
2013
$63,000
2010
$175,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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