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Property profile & analytics

2648 Prairie Ave Beloit, WI 53511

  • Turn key restaurants
  • 3,200 SF
  • 0.91 lot acres
For Lease
Last Sale
Dec 06, 2022
$230,000
Value Estimations
$260,000
Cap Rate Potential
Location Intelligence
Property ID
US92-1053250
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Turn key restaurants

Property Details for 2648 Prairie Ave

Year built
1980
Lot size
0.91 lot acres
Property size
3,200 SF
Property type
Turn key restaurants
APN
11341505
APU
11341505

Description

This 3,200 square foot retail space, formerly Fiesta Cancun, is ideally situated at 2648 Prairie Avenue in Beloit, Wisconsin, 53511. The single-tenant property sits on a 0.91-acre lot and offers ample parking with 55 spaces. The building's excellent location boasts high visibility and significant traffic, with Wisconsin Department of Transportation counts indicating 14,000 vehicles per day on Prairie Avenue. This prime location is surrounded by a variety of established businesses and amenities, including Ace Hardware, Goodwill, Fastenal, McDonald's, KFC, Pizza Hut, Mercy Clinic, Beloit Memorial Hospital & Clinics, Kwik Trip, Casey's, Badger Spirits, Aldrich Middle School, Scooters Coffee, Dunkin', and a new Starbucks currently under construction. The entire 3,200 square feet is currently vacant, presenting a unique opportunity for a new restaurant or similar retail business to establish itself in a thriving commercial area. The property's size and location make it an attractive option for a variety of retail concepts.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $260,000
    ML approach
    $215,000
  • Comparable approach

    Method
    Estimation
    AI Estimate
    $256,000
    Market price range: $217k - $518k

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Beloit
County
Rock
State
Wisconsin
Longitude
-89.0124
Latitude
42.5426
CBSA code
27500
CBSA name
JANESVILLE, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,003
$108,900
$204,900
$313,800
-
$0.00
$0.00
$356,900
More about this property
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