Property profile

239 Main St 253 Thiensville, WI 53092

OFF-MARKET
Commercial real estate
Property ID
US92-0527429
1.85 ac lot
Entity Owned 26-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 239 N. Main St. in Thiensville, Wisconsin, offers 9,000 square feet of immediately available space within a larger 18,073 square foot building situated on a 1.85-acre lot. The property, zoned B-2, boasts a prime location with excellent visibility and accessibility, enhanced by its proximity to Freistadt Road. Built in 1970, the single-story building features a total of five suites, providing flexibility for various business needs. The ample 97 parking spaces ensure convenient access for customers and employees. Previously occupied by a successful bakery, this versatile space is ideal for a wide range of uses, including but not limited to: gyms, grocery stores, event venues, showrooms, restaurants, food production facilities, spas, medical offices, educational centers, studios (dance, yoga), retail stores (hardware, pet supplies), breweries, and more. The property's 9,000 square feet of contiguous space presents a significant opportunity for a larger tenant. The property's Class C designation reflects its potential for renovation and customization to meet specific business requirements. Property taxes are $0.87 per square foot. This is a rare opportunity to acquire a substantial commercial property in a thriving Wisconsin community. The property's size, location, and versatility make it an attractive investment for a variety of businesses.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.85 ac (80,630 SF)
APN 12-050-06-010.00
UPID US92-0527429

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bakery Specialty Food Shop
  • Bakery Specialty Food Shop

Location

239 Main St, Unit 253 Thiensville, WI 53092-1617
Thiensville metro Census 660100 MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 1999
1 recorded transaction
1999
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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