2797 Prairie AveBeloit, WI 53511

Property Details for 2797 Prairie Ave

Year built

1982

Lot size

0.49 AC

Property size (Sq ft)

5,301 SF

Property type

Office properties

Property subtype

Office buildings

APN

21861500

APU

21861500

Description

This well-maintained, multi-tenant professional center at 2797 Prairie Ave, Beloit, WI 53511, offers exceptional office space opportunities. The building totals 5,301 square feet and sits on a 0.49-acre lot, conveniently located near W Hart Rd. The property is zoned C-3 and features three total suites, with a minimum divisible space of 2,208 square feet. Currently, 2,008 square feet are vacant, offering immediate occupancy potential for businesses seeking flexible space options ranging from 600 to 2,208 square feet. The building boasts ample parking, excellent signage visibility, and well-maintained facilities. Its strategic location provides easy access to essential amenities and services, including the Beloit Hospital, Beloit Clinic, Cube Smart Storage, Pizza Hut, and Scooters Coffee, ensuring a convenient and thriving business environment. This is an ideal opportunity for businesses seeking a professional and accessible location in Beloit. The property is classified as Office and Land, with a Commercial subtype and multiple tenancy.

• CAP approach

  CAP return

  Valuation

  6%

  $957,158

  6.5%

  $883,531

  7%

  $820,422

• Comparable approach

  Method

  Valuation

  Relative Method

  $538,174

  Geo Method

  $690,455

• Alternative Use

  Use

  Valuation

  Residential

  $1,095,578

  Hospitality

  $1,003,544

  Educational

  $834,937

  Medical

  $863,651

  Retail

  $1,298,790

Location Insight

City

Beloit

County

Rock

State

Wisconsin

Latitude

42.5464

Longitude

-89.0111

CBSA code

27500

CBSA name

JANESVILLE, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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