21 East Walworth Street
21 East Walworth Street, Elkhorn, WI 53121
Marketing description
21 E. Walworth Street presents a rare opportunity to acquire a well-maintained mixed-use commercial property in the heart of downtown Elkhorn, Wisconsin. The property offers significant upside through lease-up, or owner-occupancy, with approximately 70% of the building currently vacant. The primary vacancy consists of a highly visible 7,700 SF showroom space, creating an ideal opportunity for an owner occupant, traditional showroom retailer or service business, seeking a prominent downtown presence. Additional available suites range from approximately 300 SF to 1,500 SF and offer flexible storefront, office, or service-oriented uses. Professionally managed and carefully maintained throughout ownership, the property provides a solid foundation for an investor seeking to increase occupancy and cash flow or an owner-occupant looking to control their real estate while benefiting from supplemental rental income.
The property is being offered AS-IS, WHERE-IS, with no warranties or representations regarding the condition of the property.
Investment highlights
- Multi-Tenant Investment or Owner Occupant Opportunity
- Approximately 70% of the building currently vacant - significant upside through lease-up
- Highly visible 7,700 SF showroom space available
- Additional available suites range from approximately 300 SF to 1,500 SF
- Flexible storefront, office, or service-oriented uses
- Professionally managed and carefully maintained throughout ownership
- 16 off-street parking spaces
- On Facade signage
- ProForma Cap Rate: 13.42%
- Cash on Cash Return: 25.39%
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