request_info_guest false

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

$749,900

200 West Main Street, Waunakee, WI 53597

Active
Last Updated: 09/05/2025

2.76

Cap Rate

12.02

Pro Forma Cap Rate

Details:
Cap Rate:    2.76%
Pro Forma Cap Rate :    12.02%
Building Size:    6,656 sqft
Lot Area:    0.25 acres
Occupancy:    83.33%
Units:    6
Lease Type:    Modified Gross
Tenancy:    Multiple
Zoning:    C-1D (Downtown Commercial District
Year Built:    1910
Floors:    2
Seller Financing:    No
Opportunity Zone:    No
Parking Spots:    15
Year Last Renovated:    2025
Gross Leaseable Area:    6,656
Freight Elevator:    No
Roof:    Rubber
HVAC:    Forced Heating & Air
Restrooms:    5
Leed Certitified:    No
Investment Strategy:    Value Add
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 $73,497 based on $90,118 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. Own a piece of Waunakee’s core today!
• Currently Rented: 2 Commercial Units and 3 Apartment Units (83.33% Leased)
• 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

Map:
Documents:
Title
HUD Fair Market Rent Calculation
Brochure (Includes All Public Documents)
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery