359 W Elm Street New Auburn, WI 54757
COMMERCIAL - New Auburn, WI
Property Features for 359 W Elm Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 23110-0211076174004
- Size
- 4,334 SF
- Lot size
- 0.80 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 4 OF CERT SUR MAP #6174 IN V31 P288 DOC #963422 NEW PARCEL FOR 20
- Tax Annual Amount
- 5500
Utilities
- Sewer type
- Public Sewer
- Heating system
- Radiant, Forced Air, Radiant Floor
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2022
- Building materials
- VinylSiding
Listing agent Casey Watters License #52542-90 (715) 434-7904
Listing office Real Estate Solutions 1815A S Main St, Rice Lake, WI (715) 719-0555
Listing date May 11, 2026
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.
Investment Insights
Based on property information with market context.
The property is located at 359 W Elm Street in New Auburn, WI, with access described as just off U.S. Highway 53 and Main Street. The heated, attached 1-car garage includes workshop space, and the building is described as having in-floor heat along with forced air and central air conditioning for year-round comfort.
For tenants, buyers, or operators looking for a single location to run a business while maintaining on-site living, this setup provides the core elements for a live-work arrangement. The presence of additional office or retail areas supports operations that may need multiple rooms or separate business spaces within the same building. The heated garage and workshop area can also support storage and light project work tied to the day-to-day needs of an owner-operator or service-oriented business.
Key Highlights
- Over 4,000 sq ft versatile commercial building in New Auburn with flexible space for retail, office, service businesses, or mixed use
- Built in 2022 with vinyl siding and central air conditioning
- Heating includes radiant heat, forced air, and radiant floor heat
Local Financial Insights For Apartment 5plus
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 | $62.4k | $14.40 |
| − Vacancy | −$3.1k | −$0.72 |
| EGI | $59.3k | $13.68 |
| − OpEx | −$26.7k | −$6.16 |
| NOI | $32.6k | $7.52 |
