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Property profile

916 Madison Ave Ft Fort Atkinson, WI 53538

Commercial real estate
Property ID
US92-0204775
View Sample
0.3 ac lot
Entity Owned 7-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional mixed-use property in downtown Fort Atkinson, Wisconsin, presents a unique investment opportunity. The building, formerly Kent's Big Bar, boasts a total of 2,653 square feet across two stories. The upper level comprises a spacious 1,440-square-foot apartment featuring three bedrooms plus a den, perfect for residential use or generating rental income. The ground floor offers 2,561 square feet of versatile commercial space, ideal for a variety of businesses. This level includes a valuable two-car garage, a convenient overhead canopy, an outdoor storage shed, and a whole-facility generator ensuring reliable power. Ample asphalt parking is also available. Situated on a major thoroughfare in Jefferson County, this property enjoys excellent visibility and accessibility. Its prime location offers easy access to Jefferson (10 minutes away), the scenic Lake Koshkonong, and Madison (a 35-minute commute). The property's address is 916 Madison Ave, Fort Atkinson, WI 53538, and its APN is 226-0614-3334-074. This is a rare chance to acquire a well-situated mixed-use property with significant upside potential in a thriving community. The asking price is $349,000.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.3 ac (12,894 SF)
APN 226-0614-3334-074
UPID US92-0204775

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2019
4 recorded transactions
2019
$307,300
2007
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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