For Sale
$849,900

200 Main StWaunakee, WI 53597

Prime location, high NOI, value-add potential.

Overview

Added:
Dec 11, 2024
Days on market:
116
Exceptional investment opportunity in Waunakee, Wisconsin, awaits at 200 W Main Street. This 6,656 square foot storefront property, built in 1910, sits on a 0.25-acre lot and boasts a 6.11% cap rate with a current NOI of $51,926. The asking price is $849,900, translating to $127.69 per square foot. Currently 100% occupied, the property features a mix of commercial and residential space. The main building, housing the established Wana Bike shop, offers 4,160 square feet of finished space, including three residential apartments (two 2-bedroom units and one 1-bedroom unit). A basement provides additional storage or potential for development. An adjacent building at 204 W Main Street adds another 2,496 square feet of commercial office space, featuring two separate units, a shared bathroom, storage, and two in-unit kitchenettes. A private common entry breezeway connects the two buildings. Eleven off-street parking spaces are available in a newly paved lot, along with a 928-square-foot detached garage. The property is zoned commercial and enjoys a prime location near amenities, shops, restaurants, parks, and schools in Dane County, making it a highly desirable investment for those seeking a multi-use property in a thriving community. This is a value-add opportunity with significant upside potential.

Highlights

  • Exceptional investment opportunity: 6,656 SF storefront in Waunakee, WI, with a 6.11% cap rate and $51,926 NOI.
  • Asking price: $849,900 ($127.69/SF).
  • Currently 100% occupied, multi-use property with commercial and residential space.
  • Main building (4,160 SF): Established Wana Bike shop plus three residential apartments.
  • Adjacent building (2,496 SF): Two commercial office units.
  • Eleven off-street parking spaces and a 928 SF detached garage.

Property Details for 200 Main St

Property type
Retail properties, Retail space
Square Feet
6,656 SF
Year Built
1910
Stories
2
Lot Size (sq. ft)
10,890 SF

Location Insight

City
Waunakee
County
Dane
State
Wisconsin
Latitude
43.191649
Longitude
-89.457069
200 Main St, Waunakee, Wisconsin

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200 Main St
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