848 Commercial AveWhitewater, WI 53190

Property Details for 848 Commercial Ave

Lot size

6.01 AC

Property type

Commercial real estate

APN

/A 64500001

APU

A64500001

Description

This exceptional 19,336-square-foot industrial warehouse, located at 848 E Commercial Ave in Whitewater, Wisconsin, presents a compelling investment opportunity. Situated on a substantial 6.02-acre lot, this property boasts a prime location within a designated Opportunity Zone, offering significant tax advantages. Built in 1977, the warehouse is zoned M-1 and features one dock-high door, along with convenient 10' x 10' drive-in doors, ensuring efficient loading and unloading. The interior has been updated with energy-efficient new LED lighting, reducing operational costs. The property's substantial size and versatile layout make it suitable for a wide range of industrial uses. The asking price is $1,499,000, and the lease type is NNN. The property's address is 848 E Commercial Ave, Whitewater, WI 53190, and its APN is /A 64500001. This warehouse offers a rare combination of size, location, and features, making it an ideal investment for discerning buyers seeking a strong return in a thriving market. The ample lot size provides significant expansion potential or the possibility of developing additional structures. Don't miss this chance to acquire a high-quality industrial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $53,573,100

  6.5%

  $49,452,100

  7%

  $45,919,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $26,578,400

  Geo Method

  $34,098,900

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $100,470,000

  Retail / Commercial

  $50,911,500

  Mixed-Use / Specialty

  $50,250,300

  Hospitality / Lodging

  $36,242,400

  Office

  $49,452,100

  Institutional / Educational

  $52,068,600

  Residential Income

  $60,920,300

  Multifamily

  $75,724,000

  Automotive / Energy

  $44,630,200

  Parking / Income-Based Land

  $15,875,300

  Restaurant / Food Service

  $25,111,700

  Healthcare / Senior Housing

  $52,022,700

Location Insight

City

Whitewater

County

Walworth

State

Wisconsin

Latitude

42.8385

Longitude

-88.7128

CBSA code

48580

CBSA name

WHITEWATER, WI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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