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Jacob's Square 815 Davis St

6,000 SF 100% Leased Retail Building Hammond, WI 54015 $449,900 ($75/SF) 9.69% Cap Rate

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Executive Summary

Mixed use building with solid, long-term commercial tenants and residential units. Only 30 minutes to downtown St. Paul.(2) one-bedrooms, (1) two bedroom unit. All of the residential units have been fully renovated with new floor, kitchens, appliances, and updated bathrooms. 2 of the commercial spaces have been fully renovated and 2 have not been touched due to long term tenants. New roof in 2023, rooftop furnace/AC in 2022, water heaters in 2022, Split sub-panels for residential units. Lots of major updates have been completed, yet room to add value by raising rents, adding coin-op laundry and splitting utilities. Current cap rate of 9.67%