For Sale
$309,000

953 Milwaukee StWhitewater, WI 53190

4,300 sq ft, Vacant, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
116
This versatile 4,300 square foot mixed-use building, located at 953 E Milwaukee St in Whitewater, Wisconsin, presents a compelling investment opportunity. Currently vacant, this property offers immediate occupancy for a variety of businesses. The asking price is $309,000, representing a compelling $71.86 per square foot and a 9.71% capitalization rate, based on a net operating income (NOI) of $30,000. The building boasts a strong rent history, previously commanding $3,000 per month. The front area is designed as an inviting office space, suitable for medical professionals such as chiropractors, massage therapists, or dentists, or even a childcare center. The rear portion provides ample space adaptable for various uses, including auto service or general storage. Recent improvements include a new roof (2022) and a new insulated roof/ceiling in the storage area. The property benefits from excellent signage on a busy road and enjoys a prime location near new commercial developments, including a Kwik Trip, Dollar General, and warehouses. This property offers significant potential for a savvy investor seeking a high-return, mixed-use asset in a growing area. The building's flexible layout and recent upgrades make it an attractive option for a wide range of businesses.

Highlights

  • Versatile building with multiple use options.
  • Front area ideal for medical office (chiropractor, massage therapist, dentist, etc.) or childcare center.
  • Rear area suitable for auto service or general storage.

Property Details for 953 Milwaukee St

Property type
Office properties, Medical offices
Square Feet
4,300 SF

Location Insight

City
Whitewater
County
Walworth
State
Wisconsin
Latitude
42.8315434
Longitude
-88.7115258
953 Milwaukee St, Whitewater, Wisconsin

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953 Milwaukee St
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