194 Baldwin StSharon, WI 53585

Property Details for 194 Baldwin St

Lot size

0.05 AC

Property type

Commercial real estate

APN

UOP 00062

APU

UOP00062

Description

This exceptional 1,500 square foot commercial property, located at 194 Baldwin Street in the heart of downtown Sharon, Wisconsin, presents a unique investment opportunity. The building boasts beautifully remodeled retail or office space, ideal for a variety of businesses. Adding to its versatility, the property includes a small apartment currently generating rental income. A workshop or storage area provides additional functionality, while a large upstairs apartment offers significant potential for increased cash flow following renovation. Recent improvements include a new roof and meticulous tuckpointing of the brick exterior, enhancing both the aesthetic appeal and structural integrity of the building. The 0.05-acre lot provides ample space for the building and potential future expansion. The existing tenant in the smaller apartment provides immediate return on investment. The upstairs apartment, requiring remodeling, presents a clear path to enhance profitability. This property is perfectly positioned to capitalize on the vibrant downtown Sharon area, offering a blend of immediate income and significant upside potential for a savvy investor. The combination of existing income-generating space and the potential for further development makes this a truly compelling opportunity. The property's prime location and recent upgrades make it a standout investment in the Sharon commercial real estate market. Don't miss this chance to acquire a versatile and profitable property in a thriving downtown setting.

• CAP approach

  CAP return

  Valuation

  6%

  $481,306

  6.5%

  $444,282

  7%

  $412,548

• Comparable approach

  Method

  Valuation

  Relative Method

  $238,783

  Geo Method

  $306,348

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $902,629

  Retail / Commercial

  $457,394

  Mixed-Use / Specialty

  $451,453

  Hospitality / Lodging

  $325,606

  Office

  $444,282

  Institutional / Educational

  $467,789

  Residential Income

  $547,313

  Multifamily

  $680,312

  Automotive / Energy

  $400,962

  Parking / Income-Based Land

  $142,625

  Restaurant / Food Service

  $225,606

  Healthcare / Senior Housing

  $467,377

Location Insight

City

Sharon

County

Walworth

State

Wisconsin

Latitude

42.502

Longitude

-88.7289

CBSA code

48580

CBSA name

WHITEWATER, WI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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