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162-170 W Main St

12,000 SF 100% Leased Retail Building Whitewater, WI 53190 $1,500,000 ($125/SF) 9% Cap Rate

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Executive Summary

Well established and gentrified quality building! Great retail outlet in the middle of downtown Whitewater. Solid traffic from nearby traveling destinations and UW Whitewater. One of the few newer buildings! Two restaurants anchor the spacious open concept dining hall/courtyard, mixed in with offices and boutique retail. There is room to expand vertically for ambitious entrepreneurs. Corner lot offers ample parking on the streets and a city lot directly behind for the scalability of the business. It also offers an upper 3 bedroom apartment Many recent improvements!
Sellers have owner operated this building, opened Fanatico and put money back to the building and nurtured it into a lovely nest that houses a variety of small business! Time for them to move on with bigger ambitions!
Showing Information: Contact listing agent, ample advanced notice is appreciated!

TaxReport

Parcel Map 00014

2023 Tax Bill, City of Whitewater, Parcel _OT 00014

Survey 1986

Operating and Financials

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Storefront Retail/Residential

Building Size

12,000 SF

Building Class

Year Built/Renovated

1955/2020

Price

$1,500,000

Price Per SF

$125

Cap Rate

NOI

$135,000

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Slab To Slab

10’

Building FAR

1.06

Land Acres

0.26 AC

Opportunity Zone

Yes

Zoning

Commercial

Parking

4 Spaces (0.33 Spaces per 1,000 SF Leased)

Frontage

146 FT on 1st St

Amenities

Air Conditioning

MAJOR TENANTS

Fanatico
Accommodation and Food Services
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Lovely Lashes
Services
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Finance and Insurance
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