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Property profile & analytics
OFF-MARKET
Retail space

723 Williams St Lake Geneva, WI 53147

1,972 SF Built 1910
Entity Owned
Property ID
US92-1133230
Property summary
AI-generated overview

This exceptional 1,972 square foot storefront, located at 723 Williams St in Lake Geneva, Wisconsin, presents a unique investment opportunity. Built in 1910 and extensively renovated between 2019 and 2022, this property boasts a rich history as the original home of TSR Hobbies, a pivotal location in gaming history. The main floor offers versatile space ideal for retail or office use, including multiple areas and a half bath. Upstairs, a three-bedroom apartment features a living room, kitchen, and full bath. While conditionally approved for tourist room housing, this option has not been utilized. The property includes parking for six vehicles. Significant updates include a new architectural shingle roof (2020), restored upper kitchen and windows, and a state-of-the-art active particle control air filtration system comparable to hospital-grade systems. The furnace and air conditioning have also been updated. The property is situated in a high-traffic area with excellent visibility. The paved driveway features "TSR" and "Dedication Stones." The asking price is $940,000, reflecting a price per square foot of $476.67. The current occupancy is 100%. The permitted zoning is CB. Potential buyers should note that a new application for a tourist room permit (for one-night stays) would be required through the City of Lake Geneva. All information is deemed reliable but not warranted

Property profile
Verified
Property type Retail space
Year built 1910
Total area 1,972 SF
UPID US92-1133230
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
Current use
Occupant on record · Public records
  • Dungeon Hobby Shop Museum Museum
  • TSR Headquarters Corporate Office
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
723 Williams St LLC
723 Williams St LLC
since 2025
5 recorded transactions
2025
$375,000
2025
Price N/A
2025
Price N/A
2025
Price N/A
2020
$175,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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