245 Main StSun Prairie, WI 53590
High-yield, fully leased investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 116
Highlights
- $850,000 asking price for a stabilized mixed-use investment property.
- Located at 245 E Main St, Sun Prairie, WI 53590, this 5,700 square foot building features 4 units (retail and apartments) on a 0.091-acre lot.
- 100% occupancy with four tenants, including Sun Prairie Flowers, under a modified lease with a remaining term of 6 years and 3% annual rent bumps.
- The property boasts a 6.00% cap rate, $148.42 price per square foot, and $212,500 price per unit.
- Built in 1894 with multiple renovations, the two-story building features exposed brick and updated kitchens in the apartments.
Property Details for 245 Main St
- Property type
- Retail properties, NNN properties
- Square Feet
- 5,727 SF
- Year Built
- 1894
- Buildings
- 1
- Stories
- 2
- Lot Size (sq. ft)
- 3,964 SF
- Units
- 4
Location Insight
- City
- Sun Prairie
- County
- Dane
- State
- Wisconsin
- Latitude
- 43.1828086
- Longitude
- -89.2112893
Nearby Similar for Sale
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].