200 & 204 W Main Street Active Save Request In-Person Tour Request Virtual Tour
Waunakee,WI 53597
Key Details
Property Type Multi-Family
Sub Type 2 story,Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,696 sqft
Price per Sqft $97
Subdivision Downtown Historic Commercial District
MLS Listing ID 2005994
Bedrooms 6
Full Baths 3
Half Baths 2
Year Built 1910
Annual Tax Amount $10,187
Tax Year 2024
Lot Size 10,890 Sqft
Property Sub-Type 2 story,Other
Property Description
Pro Forma NOI of $73,497 and 9.8% Cap Rate based on $90,118 in Projected Annual Gross Rent. This standout mixed-use property features two adjoining buildings with updated apartment units above and flexible commercial suites below. The 200 Building apartments have seen numerous upgrades, including new flooring, blinds, paint, countertops, and more. The freshly cleaned commercial spaces in the 204 Building offer excellent street visibility, ideal for retail, service, or even a restaurant concept. With a recently replaced asphalt parking lot, improved landscaping, new garage door, & main gas line upgrades, this property is well-positioned for both owner-occupants and investors seeking immediate income and long-term upside. This is a rare opportunity to own a core piece of downtown Waunakee!
Location
State WI
County Dane
Area Waunakee - V
Zoning C-1D
Interior
Heating Forced air
Exterior
Parking Features 2 stall garage,Detached,2 spaces,Outside
Utilities Available Separate elec meters,Separate gas meters
Building
Water Municipal water,Municipal sewer
Structure Type Wood,Stucco,Fiber Cement
Schools
Elementary Schools Heritage
Middle Schools Waunakee
High Schools Waunakee
School District Waunakee