485 Jefferson StWaterford, WI 53185

  • Other commercial real estate
  • 0.33 AC
For Sale
$319,900 View listing

Property Details for 485 Jefferson St

Lot size
0.33 AC
Property type
Other commercial real estate
APN
191 041935063000
APU
191041935063000

Description

This exceptional 3,780 square foot commercial building, situated on a 0.33-acre lot at 485 S Jefferson STREET in Waterford, WI, presents a unique investment opportunity. The main floor, recently updated over the past five years, offers a flexible space ideal for a variety of business ventures. Its prime downtown location ensures excellent visibility and accessibility, attracting potential customers. The property's General Business zoning allows for a wide range of uses, making it suitable for restaurants, retail, or offices. Ample parking is available, catering to the needs of both businesses and customers. Adding to its appeal, a comfortable two-bedroom, one-bathroom apartment occupies the upper level, currently leased to a long-term tenant, providing a consistent stream of rental income. While some cosmetic improvements may be desired, this property's strong location and versatile layout offer significant upside potential for the discerning investor. The asking price is $319,900. This is a rare chance to acquire a well-located commercial property with immediate income potential in the thriving Village of Waterford. Don't miss this opportunity to own a piece of Waterford's vibrant business community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,997,805
    Hospitality
    $2,745,973
    Educational
    $2,284,618
    Medical
    $2,363,189
    Retail
    $3,553,849
485 Jefferson St, Waterford, Wisconsin

Location Insight

City
Waterford
County
Racine
State
Wisconsin
Latitude
42.7567
Longitude
-88.2228
CBSA code
39540
CBSA name
RACINE, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,459
$57,500
$294,900
$352,400
-
$56,374
$289,128
$345,502

FAQs

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