Three-Unit Main Street
New
For Sale
$850,000
1005 Main St, Mukwonago, WI 53149
The commercial condominium contains three leased rental units and faces Main Street.
Property Size5,500 SF
Price / SF$154.55
Days on Market3
Property Features for 1005 Main St
General Information
Standard status
Active
Size
5,500 SF
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Year Built
1982
Year Renovated
2002
Tenancy
Multi
Listing Agency:
V-Group, LLC
Listed By:
Victoria Hekkers · License #9058121
(262) 650-8544
Source:
Nikolicgroup
Added: Oct 7
Last Checked: Oct 7 at 2:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of V-Group, LLC
Investment Insights
Based on property information with market context.
The storefront condominium at 1005 Main Street comprises three rental units, all currently leased. The property was built in 1982 and updated in 2002, with 5,500 square feet of space.
The building fronts Main Street in Mukwonago and offers access to I-43. Other commercial properties surround the site.
The building fronts Main Street in Mukwonago and offers access to I-43. Other commercial properties surround the site.
Key Highlights
- Three rental units, all currently leased
- 5,500 square feet
- Built in 1982 and updated in 2002
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,939
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,558,780
$1.6M
Cap Rate 7%
$1,113,414
$1.1M
Cap Rate 9%
$865,989
$866.0K
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$115.5K $21.00/SF
− Vacancy
−$4.2K −$0.76/SF
EGI
$111.3K $20.24/SF
− OpEx
−$33.4K −$6.07/SF
NOI
$77.9K $14.17/SF
Area
Waukesha County, WI
Vacancy
3.60%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,558,780
Cap Rate 7%
$1,113,414
Cap Rate 9%
$865,989
Alternative Uses
Best Use
Retail
$1.11M
$974.2K – $1.30M
NOI $77,939 @ 7.0% cap · market cap 9.17%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$2.81M
$2.46M – $3.27M
NOI $196,493 @ 7.0% cap · market cap 23.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
314
Businesses Nearby
43k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Home Improvements & Furnishings 32%
Dining 8%
Beauty & Spa 8%
Tractor Supply Co.
Home Improvements & Furnishings
12,572 visits/mo
0.4 miles
Dollar Tree
Shops & Services
11,448 visits/mo
0.4 miles
Mobil
Shops & Services
6,781 visits/mo
0.4 miles
Cost Cutters
Beauty & Spa
2,601 visits/mo
0.5 miles
Pizza Hut
Dining
2,032 visits/mo
0.1 miles
Demographics for 53149, WI
19,644
Population
7,585
Households
2.6
Avg Household Size
43
Median Age
40%
College-Educated
98%
High-School Grad
57.9 sq mi
ZIP Area
339
Density / Sq Mi
$112,653
Median Household Income
$53,449
Median Earnings
$1,100
Median Rent
$384,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - The commercial condominium contains three leased rental units and faces Main Street.
Where is this storefront property located?
The property is located at 1005 Main St Mukwonago, WI.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Three rental units, all currently leased; 5,500 square feet; Built in 1982 and updated in 2002
