953 Milwaukee StWhitewater, WI 53190

Property Details for 953 Milwaukee St

Lot size

0.39 AC

Property type

Other commercial real estate

APN

/HAS 00066A

APU

HAS00066A

Description

This versatile 4,300 square foot mixed-use building, located at 953 E Milwaukee St in Whitewater, Wisconsin, presents a compelling investment opportunity. Currently vacant, this property offers immediate occupancy for a variety of businesses. The asking price is $309,000, representing a compelling $71.86 per square foot and a 9.71% capitalization rate, based on a net operating income (NOI) of $30,000. The building boasts a strong rent history, previously commanding $3,000 per month. The front area is designed as an inviting office space, suitable for medical professionals such as chiropractors, massage therapists, or dentists, or even a childcare center. The rear portion provides ample space adaptable for various uses, including auto service or general storage. Recent improvements include a new roof (2022) and a new insulated roof/ceiling in the storage area. The property benefits from excellent signage on a busy road and enjoys a prime location near new commercial developments, including a Kwik Trip, Dollar General, and warehouses. This property offers significant potential for a savvy investor seeking a high-return, mixed-use asset in a growing area. The building's flexible layout and recent upgrades make it an attractive option for a wide range of businesses.

• Alternative Use

  Use

  Valuation

  Residential

  $3,510,976

  Hospitality

  $3,216,035

  Educational

  $2,675,704

  Medical

  $2,767,725

  Retail

  $4,162,206

Location Insight

City

Whitewater

County

Walworth

State

Wisconsin

Latitude

42.8316

Longitude

-88.7115

CBSA code

48580

CBSA name

WHITEWATER, WI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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