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Property profile & analytics
OFF-MARKET
Commercial real estate

24707 Loomis Rd Wind Lake, WI 53185-5511

0.57 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US92-3455024
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.57 ac (24,829 SF)
APN 010 042004152000
UPID US92-3455024
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Sb Olson Properties LLC · 4 yrs held
Sb Olson Properties LLC
since 2022
Last sale
$500,000
5 recorded transactions
2022
Price N/A
2022
$500,000
2005
$32,900
2005
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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