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

    540 North Street Green Lake, WI 54941

    View on Map
    Claim this Listing
    For Sale
    $1,850,000

    Retail,Office,Service,Restaurant/Supper Club,Wholesale,Warehouse,Recreation,Motel/Hotel/Bed & Brkfst,Shopping center/StripMall,Apartment building,Vacant land,Self storage

    Type:Apartment
    Added:
    Mar 3, 2026
    Days on Market:
    44
    Last Refresh:
    Apr 16 at 3:06 am

    Property Features for 540 North Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Apartment
    Zoning
    Com
    Parking features
    Paved or Surfaced
    Interior features
    Public rest rooms, Private Restrooms, Residential unit(s), Inside storage
    Exterior features
    Signage available
    Standard status
    Active
    APN
    231006002606

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    11991

    Utilities

    Heating system
    Radiant, Zoned (Heating)

    Building Details

    Year built
    1888
    Floors in Building
    2
    Number of units
    4
    Building materials
    Stone
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Sarah Loberg
    Sarah Loberg

    Listing agent Sarah Loberg

    Listing office Better Homes and Gardens Real Estate Special Properties PO Box 637, Green Lake, WI

    Listing date Mar 3, 2026

    MLS# 2004949 Listing URL

    Copyright © 2026 REALTORS® Association of South Central 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

    Iconic Green Lake Commercial Property

    This iconic property in Green Lake is available for its next visionary. The home, barns, and outbuildings represent a piece of Green Lake's history. Zoned for commercial use, the property offers expansive possibilities. The home features timeless architecture and character. Entrepreneurs, creatives, growers, and dreamers can utilize this space. The property is suited for retail, office, service, restaurant/supper club, wholesale, warehouse, recreation, motel/hotel/bed & breakfast, shopping center/strip mall, apartment building, vacant land, and self-storage. It is located in Green Lake, Wisconsin.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wallenfang's of Green Lake Bakery

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Green Lake
    County
    Green Lake
    State
    Wisconsin
    Longitude
    -88.958568
    Latitude
    43.852589

    Nearby Similar for Sale

    • $599,000

      Commercial Space Near Green Lake

      Versatile commercial building with highway visibility near Green Lake, WI.
      W1726 North Street, Green Lake, WI 54941
      View Details
    • $160,000

      Green Lake Fractional Ownership Opportunity

      Fractional ownership with Green Lake frontage and pier access.
      413 Strauss unit 11 Avenue, Green Lake, WI 54941
      View Details
    • $150,000

      Green Lake Fractional Ownership Opportunity

      Fractional ownership with Green Lake frontage and pier access.
      413 Strauss unit 4 Avenue, Green Lake, WI 54941
      View Details
    • $160,000

      Green Lake Waterfront Fractional Ownership

      Fractional ownership on Green Lake with direct water access.
      413 Strauss unit 1 Avenue, Green Lake, WI 54941
      View Details
    • $170,000

      Green Lake Waterfront Fractional Ownership

      Fractional ownership with Green Lake frontage and pier access.
      413 Strauss unit 5 Avenue, Green Lake, WI 54941
      View Details
    • $150,000

      Green Lake Waterfront Fractional Ownership

      Fractional ownership with Green Lake frontage and pier access.
      413 Strauss unit 14 Avenue, Green Lake, WI 54941
      View Details
    • $2,600,000
      5,300 SF

      Iconic Waterfront Supper Club For Sale

      Well-established supper club with lake access and updated amenities.
      380 S Lawson Dr, Green Lake, WI 54941
      View Details
    • $99,000
      935 SF

      Green Lake Business Condo

      935 Sq Ft business condo in Green Lake, Brooklyn.
      W1734 North Street, Green Lake, WI 54941
      View Details
    • $250,000
      5,000 SF

      Office Building in Green Lake

      Solid office building in Green Lake, Wisconsin, near top lake.
      515 Gold St, Green Lake, WI
      View Details
    • $99,000
      935 SF

      Green Lake Business Condo

      Business condo in Green Lake, perfect for small-scale or start-up.
      W1734 North St Ste 225, GREEN LAKE, WI, 54941-9034
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Versatile commercial property in Green Lake, zoned for various uses.
    Where is this mixed-use property located?
    The property is located at 540 North Street Green Lake, WI.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: Commercially Zoned Property Offering Expansive Business Opportunities; Generational Home with Timeless Architecture and Character; Large Property Suitable for Various Ventures (Boutiques, Orchard, Farmstand)
    (920) 229-6266
    We can help!
    Listing Contact
    Sarah Loberg
    Sarah Loberg
    Real Estate License ID: 5884090
    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!