200 Main St Waunakee, WI 53597

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.