About 200 & 204 W Main Street
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!
Features of 200 & 204 W Main Street
| MLS® # | 2005994 |
|---|---|
| Price | $749,900 |
| Year Built | 1910 |
| Type | Multi Family |
| Status | Active |
| Detailed Status | Active |
| Net Taxes | $10,187 |
| Tax Year | 2024 |
Community Information
| Address | 200 & 204 W Main Street |
|---|---|
| Area | WAUNAKEE - V |
| City | Waunakee |
| County | Dane |
| State | WI |
| Zip Code | 53597 |
Amenities
| Utilities | Separate elec meters, Separate gas meters |
|---|
Interior
| Heating | Forced air |
|---|
Exterior
| Exterior | Wood, Stucco, Fiber Cement |
|---|
School Information
| District | Waunakee |
|---|---|
| Elementary | Heritage |
| Middle | Waunakee |
| High | Waunakee |
Additional Information
| Zoning | C-1D |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Assessed Value | $676,500 |
| Year Assessed | 2025 |
Open House Information
Listing Details
| Office | Realty Executives Cooper Spransy |
|---|---|
| Contact Info | JohnDavid@MattWinz.com |