Flex Building with Glass Garage
234 Leonard St N West Salem, WI 54669
234 Leonard St N, West Salem, WI, 54669
$625,000
For Sale
$625,000
COMMERCIAL - West Salem, WI
Property Size3,561 SF
Lot Size0.34 Acres
Price / SF$175.51
Days on Market45
Property Features for 234 Leonard St N
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- APN
- 016000030000
- Size
- 3,561 SF
- Lot size
- 0.34 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7689
Building Details
- Year built
- 1980
- Architectural style
- Other
Listing agency
RE/MAX Results
(608) 781-7629
Listed by
Jessica Sands · License #92735-94
(608) 451-2354
Added: Jun 9 Updated: Jul 9 at 3:16AM Checked: Jul 23 at 2:06AM
MLS# 1966409
Copyright © 2026 Metro MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial flex building offers 3,500+ square feet of open interior space designed to support a range of business uses. The layout includes 2 bathrooms and multiple areas that can be configured for office work, retail displays, seating, production, or collaborative environments. A standout exterior feature is an oversized glass garage door that opens directly to a fenced outdoor patio.
Located at 234 Leonard St N in West Salem, Wisconsin, the property includes 15 on-site parking spaces, supporting convenient access for customers, clients, and staff. The indoor/outdoor connection created by the garage door and patio can support customer gathering and events associated with retail, food service, or studio-style operations.
With commercial zoning and flexible interior configuration, the building can fit tenants or operators looking for a single facility that can accommodate both front-of-house and work/production space. Practical amenities include the on-site parking, two bathrooms, and the enclosed-to-outdoor flow created by the patio access for dining, merchandising, or service-oriented concepts. This is a straightforward option for buyers seeking a flexible commercial property with adaptable space and visible connection between the building and outdoor patio area.
Located at 234 Leonard St N in West Salem, Wisconsin, the property includes 15 on-site parking spaces, supporting convenient access for customers, clients, and staff. The indoor/outdoor connection created by the garage door and patio can support customer gathering and events associated with retail, food service, or studio-style operations.
With commercial zoning and flexible interior configuration, the building can fit tenants or operators looking for a single facility that can accommodate both front-of-house and work/production space. Practical amenities include the on-site parking, two bathrooms, and the enclosed-to-outdoor flow created by the patio access for dining, merchandising, or service-oriented concepts. This is a straightforward option for buyers seeking a flexible commercial property with adaptable space and visible connection between the building and outdoor patio area.
Key Highlights
- 3,500+ sq. ft. commercial building built in 1980
- 15 on‑site parking spaces for customers, clients, and staff
- Open layout with 2 bathrooms and flexible interior areas for office, retail, dining, production, or studio use
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.4k | $19.20 |
| − Vacancy | −$4.8k | −$1.34 |
| EGI | $63.6k | $17.86 |
| − OpEx | −$22.3k | −$6.25 |
| NOI | $41.3k | $11.61 |
3,561 SF · lease $19.20/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$590.4K
$516.6K – $688.8K
NOI $41,330 @ 7.0% cap · market cap 6.61%
Second Best
Office B
$535.7K
$468.7K – $625.0K
NOI $37,497 @ 7.0% cap · market cap 6.00%
Theoretical Best
Specialty Retail
$778.8K
$681.4K – $908.6K
NOI $54,515 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Big Boar Barbecue and Catering — 510 Commerce St, West Salem, WI 54669
FAQs
What type of property is this?
Flex space - Open flex layout with 15 parking spaces and a glass garage door opening to a fenced outdoor patio.
Where is this flex space located?
The property is located at 234 Leonard St N West Salem, WI.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 3,500+ sq. ft. commercial building built in 1980; 15 on‑site parking spaces for customers, clients, and staff; Open layout with 2 bathrooms and flexible interior areas for office, retail, dining, production, or studio use
