24707 Loomis Rd Wind Lake, WI 53185-5511
This exceptional commercial property at 24707 W Loomis Road, Waterford, WI, presents a unique dual investment opportunity. The offering encompasses a well-established tavern and a fully occupied four-unit apartment building situated on a 1.57-acre lot. The tavern, a turnkey operation, includes all necessary equipment for immediate continuation of business. This includes existing inventory, furniture (tables, chairs, barstools), a cooler, ice machine, glassware, a washing station, outdoor picnic tables, televisions, and a dedicated smoke shack. The property also boasts a pier and 222 feet of desirable channel frontage. The building itself is meticulously maintained and features numerous recent updates. The accompanying four-unit apartment building provides a consistent rental income stream, boasting full occupancy and a strong historical rental record. Detailed information regarding the apartment building is available via MLS #1886823. This combined property offers significant potential for both established business continuation and future development, making it an attractive investment for entrepreneurs and seasoned investors alike. The total square footage of the combined buildings is 1,661 square feet. The asking price for this remarkable property is $799,900.
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
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.