625 Washington St Lancaster, WI 53813-1055
This exceptional commercial property, located at 625 N Washington Street in Lancaster, Wisconsin, presents a unique investment opportunity. The main building, a substantial 3,700 square foot structure (40' x 40'), boasts modern amenities including central air conditioning, a furnace, in-floor heating, and on-demand hot water. A full bathroom equipped with a washer, dryer, and mop sink adds to its practicality. The floor drains are a significant advantage for various commercial uses. Situated on a 0.22-acre lot, this property offers ample space and potential. Behind the main building are three cold storage/warehouse bays, providing additional revenue streams. One of these bays is equipped with an oil furnace, enhancing its functionality and appeal to potential tenants. Currently, all three cold storage bays are occupied by tenants, generating immediate income potential. The property is priced competitively at $275,000, representing a strong return on investment for a discerning buyer. This versatile property is ideal for a variety of commercial ventures, offering a blend of office space and substantial storage capabilities. Its prime location in Lancaster, Wisconsin, ensures excellent visibility and accessibility. Don't miss this chance to acquire a well-maintained and income-producing commercial property.
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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.