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121 Water St 2,300 SF 100% Leased Retail Building Albany, WI 53502 $559,019 CAD ($243.05 CAD/SF)
Executive Summary
Mixed use investment opportunity in the heart of downtown Albany, Wisconsin. This well maintained and extensively updated building features two income producing units in a highly desirable location along the Sugar River. The commercial space is occupied by an established hemp shop under a long-term 5 year lease, providing stable rental income. The second unit is a fully furnished 2 bedroom, 2 bath Airbnb overlooking the Sugar River and Albany Dam, offering guests stunning water views and a unique destination experience. The residential unit includes in unit laundry and is being offered fully furnished for a seamless transition to new ownership. The property has benefited from numerous capital improvements, including new floor joists and support beams throughout the building, extensive exterior tuckpointing, and separate central forced air HVAC systems for each unit. Additional features include a full basement with approximately 10.5' ceilings and walkout access to the river.
Property Facts
Sale Type
Investment
Property Type
Building Size
2,300 SF
Building Class
C
Year Built/Renovated
1900/2023
Price
$559,019 CAD
Price Per SF
$243.05 CAD
Percent Leased
100%
Building Height
1 Story
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 23-101-427.0000 | Improvements Assessment | $57,443 CAD |
| Land Assessment | $7,846 CAD | Total Assessment | $65,289 CAD |
Property Taxes
Parcel Number
23-101-427.0000
Land Assessment
$7,846 CAD
Improvements Assessment
$57,443 CAD
Total Assessment
$65,289 CAD
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121 Water St
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