501 Commercial CtLake Geneva, WI 53147

Property Details for 501 Commercial Ct

Lot size

1.80 AC

Property type

Commercial real estate

APN

ZCOM 00003

APU

ZCOM00003

Description

This exceptional 9,828 square foot Class A flex space in Lake Geneva, Wisconsin, presents a unique owner-user opportunity. Located within the Planned Business Park on a 1.8-acre lot, this two-story building boasts 6,964 square feet of office space and a 2,864 square foot warehouse. The office area features ten private offices, collaborative workspaces, a conference room, and ample storage. The warehouse includes a loading dock and drive-in overhead door, with potential for expansion. Built in 1998, the property offers 24 parking spaces and a 12-foot ceiling height. Its prime location offers employees easy access to Veterans Park, featuring walking trails and recreational fields. The asking price is $1,229,000, translating to $125.05 per square foot. This property is zoned for Planned Business Park use and includes one building with a single unit. The property's convenient amenities and expansive space make it ideal for a variety of businesses seeking a blend of office and warehouse functionality. The serene setting near a retention pond adds to the appeal of this exceptional commercial property. This is a rare opportunity to acquire a well-maintained, versatile property in a desirable location. The property's APN is ZCOM 00003.

• CAP approach

  CAP return

  Valuation

  6%

  $16,045,200

  6.5%

  $14,810,900

  7%

  $13,753,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,960,230

  Geo Method

  $10,212,600

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $30,090,700

  Retail / Commercial

  $15,248,000

  Mixed-Use / Specialty

  $15,050,000

  Hospitality / Lodging

  $10,854,600

  Office

  $14,810,900

  Institutional / Educational

  $15,594,600

  Residential Income

  $18,245,600

  Multifamily

  $22,679,400

  Automotive / Energy

  $13,366,800

  Parking / Income-Based Land

  $4,754,660

  Restaurant / Food Service

  $7,520,970

  Healthcare / Senior Housing

  $15,580,800

Location Insight

City

Lake Geneva

County

Walworth

State

Wisconsin

Latitude

42.5867

Longitude

-88.4099

CBSA code

48580

CBSA name

WHITEWATER, WI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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