DOWNTOWN BOGO! 200 & 204 W Main St, Waunakee, WI 53597

Highlights:

• 3 Commercial Storefront/Retail Units and 3 Apartment Units Featuring Forced Air & Central AC
• Corner Lot on the busy Main St/Hwy 19 the in Affluent Waunakee
• All Apartment Units Feature In-Unit Laundry. The Property Features 15 Off Street Parking Spaces and a Detached Garage/Storage Building
• 14.9k, median age of 40 years. Median Household Income of $128,750 - nearly 1.5× the national median. Median Property Value of $490,300; homeownership ~ 77% Population Growth: +23% (2010–2020), +1.5% (20202023).
• Just north of Madison (≈20 mi), serving nearly 15k residents with projected ZIP code growth to 21.5k by 2025 (≈10% increase).
• Based on 2022 AADT Traffic Data, 14,600+ vehicle driveway trips daily, with morning and afternoon peak traffic feeding into businesses directly.

Description:

Pro Forma NOI of $73,497 and 9.8% Cap Rate based on $90,118 in Projected Annual Gross Rent. This revitalized downtown Waunakee gem offers 2 adjoining buildings of flexible mixed-use space with updated apartment units, freshly cleaned commercial suites, & fresh vertical steel façade. The property combines historic Main Street character with strong local visibility and growing area demand. Ideal asset for owner-occupants or investors seeking upside and walkable access to everything Waunakee offers. Many upgrades include a replaced Asphalt Parking Lot, upgraded Landscaping Drainage, Furnace (Bike Shop), Washer & Paint (#1), Flooring, Blinds, Paint, & Countertops (#2), Paint, Dishwasher, Washer, Dryer, & Water Heater (#3), Garage Door, Main Gas Line, and more. Restaurateurs welcomed. This is a rare opportunity to own a core piece of downtown Waunakee!
• Currently Leased: 2 of 3 Commercial Units and all 3 Residential Apartments (83.33% Occupancy)
• Available for Rent: Commercial Unit A (Approx: 2000+ sqft) at $2,200 Monthly
• Detached Garage is approximately 50 ft × 23 ft (1,048 sq ft)
• Detailed Rent Roll & Leases Available Upon Request

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