Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1813 11th Avenue Baldwin, WI 54002

    View on Map
    For Sale
    $1,500,000

    COMMERCIAL - Baldwin, WI

    Property size:
    4,108 SF
    Lot size:
    3.14 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    29
    Last Refresh:
    Apr 8 at 5:06 am

    Property Features for 1813 11th Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    106204006000
    Size
    4,108 SF
    Lot size
    3.14 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    9759

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1985
    Building materials
    EngineeredWood, MetalSiding

    We can help!

    Listing Contact
    Jesse Penman

    Listing agent Jesse Penman License #81152-94

    Listing office eXp Realty LLC 8383 Greenway Blvd., Ste. 600, Middleton, WI

    Listing date Mar 11, 2026

    MLS# 1599106

    Copyright © 2026 REALTORS® Association of Northwestern Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Investment Opportunity in Baldwin

    This offering in the Village of Baldwin features six parcels totaling 3.14 acres. It includes two established Airbnb properties, two vacant lots ready for future development, a retail building, and an event center. The property is a versatile mixed-use investment opportunity. The seller is willing to split parcels but prefers to sell as a bundled package for maximum potential and flexibility. The property contains a building with 4,108 square feet of space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    {reSTYLE & Co.} Department Store Keep On Bouncing Party Supply Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hotel & Motel Gym & Fitness Center Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Baldwin
    County
    St. Croix
    State
    Wisconsin
    Longitude
    -92.375359
    Latitude
    44.951534

    Nearby Similar for Sale

    • $1,200,000

      Turnkey Greenhouse Facility Near I-94

      27,500 SF greenhouse on 5.91 acres near Twin Cities.
      2047 County Rd E, Baldwin, WI 54002
      View Details
    • $200,000

      Remodeled Commercial Building on Main

      Remodeled commercial building on Main Street in Baldwin, Wisconsin.
      900 Main Street, Baldwin, WI 54002
      View Details
    • $1,500,000

      Versatile Mixed-Use Investment Opportunity

      Six parcels totaling 3.14 acres in Baldwin, Wisconsin.
      1813 11th Avenue, Baldwin, WI 54002
      View Details
    • $1,200,000

      Commercial Land in Baldwin, WI

      1.22 acre commercial land for sale in Baldwin, Wisconsin.
      780 Cedar Street, Baldwin, WI 54002
      View Details
    • $510,000

      31 Acres with Development Potential

      31 acres of land with development or hobby farm potential.
      Xxx 220th Street, Baldwin, WI 54002
      View Details
    • $37,000

      Residential Land in Baldwin, WI

      Residential land for sale in Baldwin, Wisconsin.
      288 Birch Street, Baldwin, WI 54002
      View Details
    • $50,000

      Residential Land in Baldwin, WI

      Over half an acre to build your dream home.
      1810 11th Avenue, Baldwin, WI 54002
      View Details
    • Contact for pricing
      11,520 SF

      Turnkey Office Space Available

      4,394 SF office space for lease in Baldwin, Wisconsin.
      2570 Gracie Drive, Baldwin, WI 54002
      View Details
    • $184,999

      Land with Outbuilding in Baldwin

      2.8 acres with outbuilding in Baldwin, Wisconsin.
      1239 Newton Street, Baldwin, WI 54002
      View Details
    • $37,000

      Residential Land in Baldwin, WI

      Residential land for sale in Baldwin, Wisconsin.
      316 Birch Street, Baldwin, WI 54002
      View Details
    • $84,900

      Residential Land in Hammond Twp

      2.33 acre residential lot for sale in Hammond Twp, WI.
      Lot 1 60th Avenue, Hammond Twp, WI 54002
      View Details
    • $84,900

      Residential Land in Hammond Twp

      2.33 acre residential lot for sale in Hammond Twp.
      Lot 2 60th Avenue, Hammond Twp, WI 54002
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 3.14 acres with Airbnb, retail, event center, and land.
    Where is this mixed-use property located?
    The property is located at 1813 11th Avenue Baldwin, WI.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Six parcels totaling 3.14 acres in the Village of Baldwin.; Includes two established Airbnb properties.; Versatile mixed‑use investment opportunity.
    (651) 336-4835
    We can help!
    Listing Contact
    Jesse Penman
    Real Estate License ID: 81152-94
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!