100 Washington StSlinger, WI 53086

Property Details for 100 Washington St

Lot size

0.81 AC

Property type

Commercial real estate

APN

V5 -000500C

APU

V5000500C

Description

This exceptional $1,900,000 investment opportunity presents the beautifully remodeled, historic Slinger House, a multifamily and office property located at 100 W Washington St, Slinger, WI 53086. Spanning 14,550 square feet on a 0.23-acre lot, this unique property boasts a rich history, having operated as a restaurant and grill for 165 years. The main building, a single-story structure built in 1910, includes a fully equipped, state-of-the-art 2,000 square foot kitchen located in the basement of the original dance hall. Six renovations over the past seven years have modernized the property, including updated mechanical systems. The main restaurant occupies the space of a former hotel, also benefiting from recent upgrades. The property also features renovated party rooms (a bar and chandelier room) created from the original 165-year-old dance hall, along with apartment and business office spaces totaling 890 square feet. The Carriage House Annex adds an additional 1,700 square feet of space. The property is zoned VC-D and includes 60 parking stalls. Annual property taxes are $9,296.35. This net lease property offers a 10-year lease term, providing a stable and attractive investment opportunity. The combination of historical charm, modern amenities, and diverse income streams makes this a truly unique and compelling investment.

• CAP approach

  CAP return

  Valuation

  6%

  $7,220,400

  6.5%

  $6,664,990

  7%

  $6,188,920

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,582,140

  Geo Method

  $4,595,740

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $13,541,000

  Retail / Commercial

  $6,861,690

  Mixed-Use / Specialty

  $6,772,570

  Hospitality / Lodging

  $4,884,640

  Office

  $6,664,990

  Institutional / Educational

  $7,017,630

  Residential Income

  $8,210,630

  Multifamily

  $10,205,800

  Automotive / Energy

  $6,015,110

  Parking / Income-Based Land

  $2,139,620

  Restaurant / Food Service

  $3,384,470

  Healthcare / Senior Housing

  $7,011,450

Location Insight

City

Slinger

County

Washington

State

Wisconsin

Latitude

43.3351

Longitude

-88.285

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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