229 Wisconsin AveWaukesha, WI 53186

Property Details for 229 Wisconsin Ave

Year built

1900

Lot size

0.39 AC

Property size (Sq ft)

4,759 SF

Zone code

B-2

Property type

Turn key restaurants

APN

WAKC1308070

APU

WAKC1308070

Description

This exceptional turnkey opportunity presents the chance to acquire 229 Wisconsin Avenue, a renowned Waukesha restaurant established in 1997. Situated on a 0.39-acre lot in Waukesha's historic district, this 4,780 square foot property holds a significant place in the community and is listed on the National Register of Historic Places. The sale includes all fixtures, furniture, and equipment (FF&E), eliminating the need for extensive upfront investment. This established business offers immediate revenue potential for a new owner. The property's prime location within the historic district ensures high visibility and foot traffic, contributing to its long-standing success. The building itself offers ample space for both dining and operational areas, providing flexibility for potential expansion or adaptation to suit a new owner's vision. This is a rare chance to own a piece of Waukesha's history and a thriving, established business. The asking price is $499,000. Serious inquiries only. All information is deemed reliable but not guaranteed. Buyers are advised to conduct their own due diligence.

• CAP approach

  CAP return

  Valuation

  6%

  $1,263,162

  6.5%

  $1,165,996

  7%

  $1,082,710

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,217,535

  Geo Method

  $1,562,047

• Alternative Use

  Use

  Valuation

  Residential

  $983,561

  Hospitality

  $900,937

  Educational

  $749,569

  Medical

  $775,348

  Retail

  $1,165,996

Location Insight

City

Waukesha

County

Waukesha

State

Wisconsin

Latitude

43.0094

Longitude

-88.2305

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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