519 Wisconsin AveWaukesha, WI 53186

Property Details for 519 Wisconsin Ave

Year built

1930

Lot size

0.05 AC

Property size (Sq ft)

1,948 SF

Zone code

B-2

Property type

Investment properties

Property subtype

Retail residential properties

APN

WAKC1307233

APU

WAKC1307233

Description

This exceptional retail property, located at 519 Wisconsin Ave in Waukesha, Wisconsin, presents a unique investment opportunity. The property consists of two buildings, totaling 12,646 square feet of net rentable space, built between 1930 and 1932. Situated on a 0.347-acre lot, this two-story structure boasts a wide-open concept with significant character, ideal for a variety of uses. Currently leased to multiple local artists, the property offers flexibility for either single-tenant or multi-tenant occupancy. Its prime location along the Fox River near downtown Waukesha ensures high visibility and accessibility. The property is zoned B2 and features two separate addresses and tax keys, providing the potential for separate commercial condo purchases. The asking price is $650,000. This property represents a rare chance to acquire a substantial, historically significant retail space in a thriving Wisconsin community. The building's size and layout offer considerable potential for adaptive reuse and future development. Its proximity to the Fox River adds to its appeal and enhances its potential for attracting a diverse range of businesses. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $436,151

  6.5%

  $402,601

  7%

  $373,844

• Comparable approach

  Method

  Valuation

  Relative Method

  $306,539

  Geo Method

  $393,277

• Alternative Use

  Use

  Valuation

  Residential

  $402,601

  Hospitality

  $368,780

  Educational

  $306,821

  Medical

  $317,373

  Retail

  $477,277

Location Insight

City

Waukesha

County

Waukesha

State

Wisconsin

Latitude

43.0095

Longitude

-88.2375

CBSA code

33340

CBSA name

MILWAUKEE-WAUKESHA-WEST ALLIS, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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