402 Johnson StFond du Lac, WI 54935

Property Details for 402 Johnson St

Year built

1967

Construction

FRAME

Lot size

0.30 AC

Property size (Sq ft)

1,920 SF

Zone code

B-5

Property type

Retail properties

Property subtype

Auto shops

APN

FDL-15-17-10-32-344-00

APU

FDL1517103234400

Description

This exceptional commercial land opportunity presents a high-traffic corner site in Fond du Lac, Wisconsin, at 402 W Johnson St, zip code 54935. The property boasts a total of 1.56 acres, divisible into two parcels: a 0.62-acre east lot and a 0.73-acre west lot. The east lot is priced at $490,000, while the west lot is offered at $649,000. The combined 1.56-acre parcel is available for $1,100,000. The land is cleared of existing buildings and pavement, presenting a blank canvas for new development. This prime location on Highway 23/Johnson Street benefits from exceptionally high traffic volume, exceeding 30,000 vehicles per day, making it ideal for a variety of commercial ventures. The property features approximately 390 feet of frontage on Johnson Street and 240 feet on Hickory Street. This main business artery offers a multitude of development possibilities, capitalizing on one of the highest traffic counts in the area. The seller is willing to divide the property. This presents a unique opportunity for developers seeking high visibility and significant traffic exposure in a thriving commercial corridor. The zoning is commercial. The land value ranges from $490,000 to $1,100,000 per square foot, depending on the parcel size.

• CAP approach

  CAP return

  Valuation

  6%

  $509,618

  6.5%

  $470,416

  7%

  $436,815

• Comparable approach

  Method

  Valuation

  Relative Method

  $491,210

  Geo Method

  $630,202

• Alternative Use

  Use

  Valuation

  Residential

  $396,814

  Hospitality

  $363,479

  Educational

  $302,411

  Medical

  $312,811

  Retail

  $470,416

Location Insight

City

Fond Du Lac

County

Fond Du Lac

State

Wisconsin

Latitude

43.784

Longitude

-88.4622

CBSA code

22540

CBSA name

FOND DU LAC, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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