149 Wisconsin AveWaukesha, WI 53186

Property Details for 149 Wisconsin Ave

Year built

1965

Lot size

0.17 AC

Property size (Sq ft)

7,800 SF

Zone code

B-2

Property type

Office properties

Property subtype

Office buildings

APN

WAKC1308089

APU

WAKC1308089

Description

This 7,800 square foot retail building, located at 149 Wisconsin Ave in Waukesha, Wisconsin, presents a compelling owner-user opportunity. Priced at $395,000 ($50.64/SF), this vacant property boasts a convenient downtown location at a fully signalized corner. Built in 1980, the building sits on a 0.17-acre lot and is zoned B-3. The interior features a completely finished lower level, and the property is easily accessible, with handicap-accessible restrooms and an elevator (currently non-operational). Recent upgrades include a brand new roof and HVAC unit, ensuring efficient and cost-effective operation. The extremely walkable neighborhood offers an abundance of area amenities and retailers, providing high foot traffic and excellent visibility for any business. This property is ideal for a business seeking a prominent location in a thriving downtown area. The building's size and features offer significant potential for a variety of retail uses. The property's location in Waukesha County, Wisconsin, zip code 53186, provides easy access to major transportation routes and a strong local market. This is a rare opportunity to acquire a well-maintained retail space in a prime downtown location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,408,383

  6.5%

  $1,300,046

  7%

  $1,207,185

• Comparable approach

  Method

  Valuation

  Relative Method

  $791,881

  Geo Method

  $1,015,950

• Alternative Use

  Use

  Valuation

  Residential

  $1,612,056

  Hospitality

  $1,476,635

  Educational

  $1,228,543

  Medical

  $1,270,794

  Retail

  $1,911,067

Location Insight

City

Waukesha

County

Waukesha

State

Wisconsin

Latitude

43.0095

Longitude

-88.2288

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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