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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
34283722
34283721

21 East Walworth Street, Elkhorn, WI 53121 For Sale

RR
WI 110296 - 94
Ogden & Company Inc
LF
WI, 89204-94
Ogden & Company Inc
Listed by Ogden & Company Inc
$765,000
11 days on market
Updated 11 days ago

21 East Walworth Street

Details
APN YOP 00193
Property Type Retail, Office (+1)
Sub Type Storefront, Showroom
Square Footage 18,090
Net Rentable (SqFt) 16,460
Units 11
NOI $102,674
Tenancy Multi
Pro-Forma Cap Rate 13.42%
Pro-Forma NOI $102,674
Year Built 1970
Acreage 0.570
Zoning CPO - Central Place Overlay
Parking Spaces 16 spaces
Parking per 1,000 SqFt 0.88
Investment Type Owner/User

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%

Listing Contacts

RR
WI 110296 - 94
Ogden & Company Inc
LF
WI, 89204-94
Ogden & Company Inc
Listed by Ogden & Company Inc

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$102,673.75
$8,556.15/mo

Valuation Metrics

0
DSCR
13.42%
Cap Rate
13.42%
ROI

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Additional Information

Name
Richard Reinders
License
110296 - 94
Brokerage Phone
414-276-5285
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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