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Mixed-Use Building with Retail Space

1791 SUPERIOR ST Three Lakes, WI 54562

1791 SUPERIOR ST, Three Lakes, WI, 54562

$499,900

For Sale

$499,900

COMMERCIAL - Three Lakes, WI

Property Size3,362 SF

Lot Size0.21 Acres

Price / SF$148.69

AddedApr 9

Days on Market98

Last RefreshJul 15 at 10:06 pm

Property Features for 1791 SUPERIOR ST

General Information

Property type: Commercial Sale
Property subtype: Other
Bedrooms: 5
Bathrooms: 6
Rooms: Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 4, Bathroom 5, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 5, Bathroom 6, Bedroom 1
Standard status: Active
APN: TL-2500
Lot size: 0.21 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: VILLAGE OF THREE LAKES LOT 6 BLK 7 SM L1349
Tax Annual Amount: 4586

Utilities

Sewer type: Public Sewer
Heating system: Natural Gas, Forced Air
Cooling system: Central Air
Water source: Public

Building Details

Floors in Building: 2
Number of units: 5
Flooring type: Wood, Carpet, Laminate
Building materials: Brick, Frame

Listing agent JEREMY OBERLANDER License #86995-94

Listing office REDMAN REALTY GROUP, LLC 231 Oneida St PO Box 1287, Minocqua, WI

Listing date Apr 9, 2026

MLS# 216398

Investment Insights

Based on property information with market context.

This mixed-use property includes main-floor commercial space totaling 3,362 square feet, with a configuration that can support retail or office use. The upper level provides three residential units: two 2-bedroom apartments and one 1-bedroom apartment, creating an additional income stream within the same building.

The property also features a detached garage measuring 24 by 55 feet. It is situated in Three Lakes, with proximity to the Chain of Lakes and snowmobile trails referenced in the remarks.

The building is presented as a for-sale investment opportunity with five income-generating tenants as noted in the public remarks.

Key Highlights

Mixed‑use property with 5 income‑generating tenants: 3 residential units plus 3362 SF of commercial space on the main floor.
Main floor offers 3362 SF of versatile commercial space for retail or office use.
Residential units above include two 2‑bedroom apartments and one 1‑bedroom apartment.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$44.4k	$13.20
− Vacancy	−$1.2k	−$0.34
EGI	$43.2k	$12.86
− OpEx	−$13.0k	−$3.86
NOI	$30.3k	$9.00

3,362 SF · lease $13.20/SF/yr · vacancy 2.60% · expense 30.00%

Alternative Uses

Best Use

Retail

$432.2K

$378.2K – $504.3K (±1% cap)

NOI $30,257 @ 7.0% cap · market cap 6.05%

Second Best

Mixed Use

$354.0K

$309.8K – $413.0K (±1% cap)

NOI $24,781 @ 7.0% cap · market cap 4.96%

Theoretical Best

Industrial

$1.57M

$1.38M – $1.84M (±1% cap)

NOI $110,150 @ 7.0% cap · market cap 22.03%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Subway Take-out & Catering CENTURY 21 Burkett ... Real Estate Agency

Suggested Use

For sale
Mixed-use properties
WI
Three Lakes
54562
1791 SUPERIOR ST

What type of property is this?

Mixed-use property - Mixed-use building with main-floor commercial space and three residential units above, plus a detached garage on-site.

Where is this mixed-use property located?

The property is located at 1791 SUPERIOR ST Three Lakes, WI.

What is the asking price?

The asking price for this property is $499,900.

What are key features of this property?

This property features: Mixed‑use property with 5 income‑generating tenants: 3 residential units plus 3362 SF of commercial space on the main floor.; Main floor offers 3362 SF of versatile commercial space for retail or office use.; Residential units above include two 2‑bedroom apartments and one 1‑bedroom apartment.