Mixed-Use Building with
102 WATER Street, Waupaca, WI 54981
For Sale
New
$259,000
Commercial Sale, WAUPACA, WI
Property Size2,400 SF
Lot Size0.14 Acres
Price / SF$107.92
Days on Market5
Property Features for 102 WATER Street
General Information
Property type
Property subtype
Zoning
Basement
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Lot size
Site & Location
Corner Location
Mixed-Use Components
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Buildings
Listing Agency:
United Country-Udoni & Salan Realty
(715) 258-8800
Listed By:
Lori J. Verhalen · License WI #9054885
(715) 412-2180
Added: Nov 5
Changed: Nov 9
Last Checked: Nov 9 at 9:06PM
MLS# 50335367
Copyright © 2026 Realtor Association of Northeast Wisconsin. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-level mixed-use property contains more than 2,400 square feet. The vacant main floor can accommodate retail, office, or service-based use, while a separate-entry apartment on the lower level has two bedrooms and one bathroom. The building was constructed in 1900 and has aluminum siding, radiant and wall-furnace heating, public water, and public sewer.
The property occupies a 0.14-acre parcel at 102 Water Street in Waupaca, Wisconsin, near the north end of Main Street. Its corner position is near the Waupaca River, Riverview Park, Nels Rasmussen Park, and Danes Hall. Commercial zoning applies.
The property occupies a 0.14-acre parcel at 102 Water Street in Waupaca, Wisconsin, near the north end of Main Street. Its corner position is near the Waupaca River, Riverview Park, Nels Rasmussen Park, and Danes Hall. Commercial zoning applies.
Key Highlights
- More than 2,400 square feet across two levels
- Vacant main floor suited to retail, office, or service‑based use
- Lower‑level apartment has a separate entrance, 2 bedrooms, and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,375
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,500
$387.5K
Cap Rate 7%
$276,786
$276.8K
Cap Rate 9%
$215,278
$215.3K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$33.7K $14.04/SF
− Vacancy
−$2.7K −$1.12/SF
EGI
$31.0K $12.92/SF
− OpEx
−$11.6K −$4.84/SF
NOI
$19.4K $8.07/SF
Area
Waupaca County, WI
Vacancy
8.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,500
Cap Rate 7%
$276,786
Cap Rate 9%
$215,278
Alternative Uses
Best Use
Mixed Use
$276.8K
$242.2K – $322.9K
NOI $19,375 @ 7.0% cap · market cap 7.48%
Second Best
Retail
$232.8K
$203.7K – $271.6K
NOI $16,298 @ 7.0% cap · market cap 6.29%
Theoretical Best
Office A
$449.5K
$393.4K – $524.5K
NOI $31,468 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 54981, WI
14,998
Population
8,253
Households
1.8
Avg Household Size
47
Median Age
28%
College-Educated
94%
High-School Grad
131.6 sq mi
ZIP Area
114
Density / Sq Mi
$76,821
Median Household Income
$45,326
Median Earnings
$800
Median Rent
$204,100
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial zoning supports retail, office, or service use on the main level, with a separate apartment below.
Where is this mixed-use property located?
The property is located at 102 WATER Street Waupaca, WI.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: More than 2,400 square feet across two levels; Vacant main floor suited to retail, office, or service‑based use; Lower‑level apartment has a separate entrance, 2 bedrooms, and 1 bathroom
