2648 Prairie AveBeloit, WI 53511

Property Details for 2648 Prairie Ave

Year built

1980

Lot size

0.91 AC

Property size (Sq ft)

3,200 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

11341505

APU

11341505

Description

This 3,200 square foot retail space, formerly Fiesta Cancun, is ideally situated at 2648 Prairie Avenue in Beloit, Wisconsin, 53511. The single-tenant property sits on a 0.91-acre lot and offers ample parking with 55 spaces. The building's excellent location boasts high visibility and significant traffic, with Wisconsin Department of Transportation counts indicating 14,000 vehicles per day on Prairie Avenue. This prime location is surrounded by a variety of established businesses and amenities, including Ace Hardware, Goodwill, Fastenal, McDonald's, KFC, Pizza Hut, Mercy Clinic, Beloit Memorial Hospital & Clinics, Kwik Trip, Casey's, Badger Spirits, Aldrich Middle School, Scooters Coffee, Dunkin', and a new Starbucks currently under construction. The entire 3,200 square feet is currently vacant, presenting a unique opportunity for a new restaurant or similar retail business to establish itself in a thriving commercial area. The property's size and location make it an attractive option for a variety of retail concepts.

• CAP approach

  CAP return

  Valuation

  6%

  $849,363

  6.5%

  $784,027

  7%

  $728,025

• Comparable approach

  Method

  Valuation

  Relative Method

  $818,683

  Geo Method

  $1,050,336

• Alternative Use

  Use

  Valuation

  Residential

  $661,356

  Hospitality

  $605,799

  Educational

  $504,018

  Medical

  $521,352

  Retail

  $784,027

Location Insight

City

Beloit

County

Rock

State

Wisconsin

Latitude

42.5426

Longitude

-89.0124

CBSA code

27500

CBSA name

JANESVILLE, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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