400 Center St Beaver Dam, WI 53916

This exceptional mixed-use property in Beaver Dam, Wisconsin, presents a compelling investment opportunity. Located at 400 S Center St, this two-story building encompasses 4,228 square feet and features a thriving restaurant and a three-bedroom apartment. The restaurant lease, with a remaining term of approximately 1.4 years and a 3% annual rent increase, provides stable income. The apartment, currently rented month-to-month, offers additional revenue potential, with market rents suggesting a possible increase to $1,295. The property sits on a 0.12-acre lot and is zoned commercial. The building's strong financial performance is reflected in a 9.00% cap rate and a net operating income (NOI) of $26,104. The asking price is $289,900, translating to $68.57 per square foot. The property's prime location in a growing city with a population of 20,000, coupled with nearby amenities such as a lake, parks, and the Beaver Dam Raceway, ensures strong tenant demand and future appreciation potential. The existing structure offers the possibility of adding a one-bedroom apartment to further enhance income generation. This is a rare opportunity to acquire a well-positioned, income-producing property in a desirable Wisconsin location. The property features three total units, three bedrooms, and is situated in Dodge County, Wisconsin, with the APN 206-1114-0423-069.